C-Cube Message Board - Msg: 11749089

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Technology Stocks : C-Cube

CUBE 35.40

-1.8%

Jan 2 3:59 PM EST

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To: Trieu who wrote (47065)	10/29/1999 1:53:00 PM
From: DiViT	Read Replies (2) of 50808

the new company will retain the C-Cube name digitalbroadcasting.com{B40D2063-8D3D-11D3-9A68-00A0C9C83AFB}&Bucket=HomeLatestHeadlines Deal Spurred by Valuation, Tax Benefits (Back to Top) C-Cube officials were quick to note that the deal was not related to revenue performance of either DiviCom or C-Cube, which had a record third quarter, surpassing $100M in revenues for the first time. “The [$1.7B price for DiviCom] was tremendously valuable to our shareholders,” says Alan Markow, VP of corporate communications for C-Cube. “It was a great way to get the full value that DiviCom has and provide shareholders with continued ownership of DiviCom by their part ownership of Harmonic.” Markow also emphasized that C-Cube's divestiture of its core silicon business was strictly for tax purposes and that the new company will retain the C-Cube name. “This was necessitated by rules governing the deal—we had to use the term spin-off,” Markow says. “But the full intention is to spin it off and then have it back as a public company in a seamless fashion.”

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