C-Cube Message Board - Msg: 12893164

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Technology Stocks : C-Cube

CUBE 37.23

-0.3%

Nov 28 9:30 AM EST

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To: DiViT who wrote (48639)	2/16/2000 8:15:00 PM
From: John Rieman	Read Replies (1) of 50808

The insider buying looks like an employee rights offering of C-Cube Semiconductor. Al of those guys would have bought more(at least not odd lots), if they could. Employees with options won't get HLIT shares, they will get C-Cube Semi options repriced so their total $ value will be the same as the close before the merger. ie, if C-Cube closes at $100 per share, and Semi is trading when issued at $20, the employees get enough options, at lower strike prices, to make up the difference. On the Friday before Monday the 31st of January, the implied price of C-Cube Semiconductor was $17.13. Options are priced in the $18 & $19 range. Last years grants..... 10kwizard.com Alex did exercise 200k shares.......................... biz.yahoo.com

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