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Technology Stocks : C-Cube
CUBE 37.35+0.8%9:49 AM EST
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To: Stoctrash who wrote (46635)10/27/1999 5:47:00 PM
From: DiViT  Read Replies (1) of 50808
 
Cube paid $130mm for Divi, used them for revenue, while they restructured the semi biz, then spit them out for 1.7bln.

c-cube.com

C-Cube paid $65.7 million, issued approximately 2,291,000 shares of its common stock and assumed options excercisable for approximately 264,000 shares of its common stock in exchange for the outstanding shares of DiviCom stock that C-Cube does not already own. The acquisition is being accounted for as a purchase. C-Cube expects to incur one time charges in the third quarter associated with the acquisition of approximately $133 million dollars, based on the valuation of the transaction. Of the $133 million dollars, approximately $130 million dollars are for in-process research and development.
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