(COMTEX) B: Robertson Stephens Reiterates Buy Rating on CUBE
B: Robertson Stephens Reiterates Buy Rating on CUBE
SAN FRANCISCO, Oct 20, 1999 (BUSINESS WIRE) -- Robertson Stephens
Senior Semiconductor Device Analyst Arun Veerappan today reiterated his
Buy rating on C-Cube Microsystems, Inc. (NASDAQ:CUBE). The company
provides highly integrated, standards-based digital video compression
solutions for applications in the consumer electronics, computer and
communications market.
"We are reiterating our Buy rating on C-Cube, after the company
reported third quarter 1999 revenues of $101.4 million and
earnings-per-share of $0.32, $2.4 million and $0.03 above our
estimates, respectively," said Veerappan. "The company's strong quarter
results were driven by both the DiviCom and semiconductor businesses."
"As C-Cube enters a seasonally stinger period, we believe the company
is well positioned to grow revenues in the high single-digit range for
the fourth quarter of 1999," said Veerappan. "We believe C-Cube appears
to be on the right track, continuing to execute strongly in both of its
divisions."
Clients interested in receiving more information should contact their
salesperson at (415) 781-9700.
BancBoston Robertson Stephens Inc. ("Robertson Stephens") is the
leading full-service investment bank focused exclusively on growth
companies. To date in 1999, the firm has completed over 130 offerings,
raising more than $24 billion in capital for clients. The firm's 47
research analysts cover nearly 700 companies. Founded in 1978,
Robertson Stephens is a section 20 subsidiary of Fleet Boston
Corporation (NYSE: FLT) and a member of the NASD and all major
exchanges. Together, Robertson Stephens, BancBoston Robertson Stephens
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employ over 1,000 employees worldwide with offices in Boston, San
Francisco, New York, Menlo Park, Chicago, London, and Tel Aviv. For
more information about the firm, please visit our Web site at
www.rsco.com.
The foregoing synopses are qualified in their entirety by the more
detailed information contained in the full research reports, including
the discussion of certain risks associated with an investment in the
above-mentioned securities contained in "Investment Risks."
The information contained herein is not a complete analysis of every
material fact respecting any company, industry or security. Although
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