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Technology Stocks : C-Cube
CUBE 36.64-0.5%Dec 5 9:30 AM EST

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To: John Rieman who wrote (36677)10/12/1998 7:45:00 PM
From: JEFF K   of 50808
 
C-Cube 3rd-Qtr profit rises 10% meeting estimates

Milpitas, Ca, Oct 12 (Bloomberg)--the world's largest maker of digital-video computer chips, said third quarter earnings rose 10% on strong sales of its satellite TV and set-top box chips.

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"This was a transition quarter for them, and they survived it well," said
Elias Moosa, a BancBoston Robertson Stephens analyst, who has a "buy" rating on the shares.

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C-Cube's revenue was "a little lighter" than the 90M that Moosa was projecting, he said.

"I expect that they will do well in the fourth and first quarters," Moosa said

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