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Technology Stocks : C-Cube
CUBE 36.29+1.9%Nov 21 3:59 PM EST

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To: Peter V who wrote (48163)1/7/2000 1:09:00 PM
From: DiViT  Read Replies (1) of 50808
 
USA: RESEARCH ALERT - C-Cube buy rating reiterated.

01/07/2000
Reuters English News Service
(C) Reuters Limited 2000.

NEW YORK, Jan 7 (Reuters) - Lehman Brothers said on Friday it reiterated its buy rating of C - Cube Microsystems Inc. .

- said the semiconductor business of C - Cube is currently undervalued.

- reiterated the price target of $71 and earnings per share estimates of $1.29 for 1999 and $1.48 for 2000.

- Shares of C - Cube were up 4 at 57 in trade on the Nasdaq stock market.

((-Barbara Etzel, New York technology desk, (212) 859-1860)).
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