C-Cube Message Board - Msg: 115783

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Technology Stocks : C-Cube

CUBE 35.97

+0.2%

Dec 29 3:59 PM EST

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To: dppl who wrote (695)	6/5/1996 5:28:00 PM
From: Bob A Louie	of 50808

Here's the story: RESEARCH ALERT - C-Cube (CUBE.O) estimates cut --Robertson Stephens analyst Elias Moosa said he cut his Q2 earnings per share estimate to $0.38 to $0.40 per share from $0.40 per share. --cut his fiscal year estimate to $1.60 to $1.65 per share from $1.65 per share. --lowered his Q2 sales estimate to $70-75 million from $75 million. --maintained his buy recommendation. --Moosha said the lower estimates follow an inventory correction of C-Cube's MPEG-1 customers. The lead time for the product, which accounts for over half of sales, has been shorthened lately. --Moosha said the long-term outlook for C-Cube remains positive and said that the drop of its share price on Wednesday was a market over-reaction. --C-Cube shares fell 4-1/2 to 47 in heavy mid-afternoon trading on Nasdaq. What's the big deal? CUBE usually trounces estimates anyway. Bought another 1K @ 47.5.

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