C-Cube Message Board - Msg: 13595920

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 36.52

+0.3%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gayle Riggs who wrote (49237)	5/6/2000 9:23:00 AM
From: John Rieman	of 50808

If this article is correct, the Harmonic shares were issued Friday................................................ multichannel.com Daily Update for May 05, 2000: Harmonic Closes on DiviCom Sunnyvale, Calif. -- Broadband-technology vendor Harmonic Inc. closed its $1.7 billion acquisition of C-Cube Microsystems Inc.'s DiviCom business on Friday. C-Cube provides cable and satellite operators with digital-headend equipment such as encoders, multiplexers and set-top-box controllers based on "open" international standards for interoperability. According to the deal, C-Cube stockholders received 0.5427 shares of Harmonic common stock for each share of C-Cube common stock they owned as of March 22, 2000. C-Cube stockholders also received shares of its semiconductor business in a spin-off effective yesterday. Based on Harmonic's closing price of $71.75 on May 4 and C-Cube's 44.3 million outstanding shares, the deal was valued at about $1.7 billion. Harmonic shares were at $72.38 per share, up 63 cents each in late afternoon trading. "Harmonic is strongly positioned to enable broadband communications over any network," said Harmonic chairman Anthony Ley in a prepared statement. "We are now offering the most advanced fiber optic, digital video, and IP data delivery solutions available in the market." - 5/05/00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next