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Technology Stocks : C-Cube
CUBE 38.23-1.1%3:59 PM EST

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To: Black-Scholes who wrote (47124)10/30/1999 8:46:00 AM
From: coopie  Read Replies (1) of 50808
 
Good Morning. Please note the following:

Message 11733554

"CUBE shareholders will receive 0.5427 shares of HLIT stock for each share of
CUBE in a tax-free swap, and will also receive 1 share of stock in the spun-out
Semiconductor unit. The company has left open the possibility that Semiconductor
could be sold rather than spun out, which could create another tax-free
transaction (a spinout of semiconductor would be a taxable event for
shareholders). Either way, the acquisition of DiviCom by HLIT is pre-conditioned
on the semiconductor unit being spun out or sold. Subsequently, HLIT would
acquire C-Cube, whose only assets would be those of DiviCom."
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