C-Cube Message Board - Msg: 4483590

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Technology Stocks : C-Cube

CUBE 37.02

+0.2%

3:55 PM EST

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To: 2sigma who wrote (33216)	5/16/1998 12:12:00 PM
From: John Rieman	of 50808

Thanks for the link Scott. It looks like Divi's MV-40 encoder, will be a kicker for Q2 revenues.......................... Net Revenues Net revenues in the first quarter of 1998 were $87.3 million, a decrease of 7% from the $94.1 million reported in the corresponding quarter a year ago. Revenue from MPEG-1 decoder chips used in VideoCD players sold primarily in China, decreased from the first quarter of 1997 due to price reductions made in response to competitive pricing pressures. A significant increase in the volume of shipments of such products partially offset the effect of such price reduction. Revenue from the Company's family of encoder products also decreased due in part to reduced shipments of the Company's older encoder systems as the Company is transitioning to a new program encoder which was announced in February 1998 but did not begin full production until the second quarter of 1998. These decreases were partially offset by an increase in revenues from MPEG-2 decoder chips used primarily in digital settop boxes and in DVD-ROMs on PCs and from a one-time sale of third party equipment to a telecommunications customer in which the Company received revenue of $5.3 million.

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