C-Cube Message Board - Msg: 12384140

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Technology Stocks : C-Cube

CUBE 35.87

-1.2%

Nov 19 3:59 PM EST

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To: Stoctrash who wrote (48003)	12/26/1999 11:51:00 AM
From: John Rieman	Read Replies (1) of 50808

Check the date. These guys knew a year ago:-)............. pb1-1.newsreal.com@2@21&storypath=News/Story_1999_12_13.NRdb@2@15@3@80 Square deal for C-Cube digital TV Source: Electronics Times Publication date: Jan 01, 1999 [C-Cube Microsystems] is to sell its DiviCom digital TV business to broadcast technology group [Harmonic] and is to spin-off or sell its semiconductor business.The $1.47bn all-stock deal will see DiviCom's expertise in AV encoding, MPEG2 compression and network management added to Harmonic's skills in interactive TV, video-on-demand and high-speed Internet access.Alexandre Balkanski, C-Cube's CEO, said: "The combination creates a powerful broadband networking company that is the premier provider of open solutions for voice, video and data infrastructure."The semiconductor spin-off is regarded as a potential win-win option for C-Cube's shareholders, who are also set to gain a substantial stake in Harmonic.With a chip range stretching across DVD players, set-top boxes and codecs, C-Cube is thought likely to attract either a solid market valuation or a healthy price in a trade sale. Harmonic and C-Cube expect to close the deal during the first quarter of 2000. Publication date: Jan 01, 1999

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