C-Cube Message Board - Msg: 5167941

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Technology Stocks : C-Cube

CUBE 36.52

+0.3%

Dec 12 9:30 AM EST

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To: J Fieb who wrote (34266)	7/11/1998 10:37:00 PM
From: J Fieb	of 50808

SKYSTREAM COMPLETES SECOND ROUND OF FUNDING WITH FIVE MILLION DOLLARS FROM INDUSTRY LEADING TECHNOLOGY INVESTMENT FIRMS IVP and Mayfield Fund Demonstrate Vote of Confidence in SkyStream MOUNTAIN VIEW, Calif. - March 26, 1998 - SkyStream Corporation announced today that it has secured $5 million in new funding from two leading global technology investment firms. The new investments made by Institutional Venture Partners (IVP) and Mayfield Fund complete SkyStream's second round of funding. In February 1997, SkyStream received an initial investment of $4.4 million, also from IVP and Mayfield. Now if this is all it takes to start a new enterprise I think CUBE would be smart to use 10% of its capital just like this and fund a strategic new enterprise or two and see which ones grow to bear fruit! Spin out some of that talent at CUBE, yet keep a finger in. McNealy's law is that the smartest people don't always work for you.

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