C-Cube Message Board - Msg: 1448153

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Technology Stocks : C-Cube

CUBE 37.36

+1.2%

Nov 26 3:59 PM EST

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To: jim A who wrote (15912)	5/21/1997 3:43:00 PM
From: Tassi	of 50808

Lehman Cuts C-Cube Microsystems To Outperform From Buy>CUBE Dow Jones News Service ~ May 21, 1997 ~ 9:54 am EST (MORE) DOW JONES NEWS 05-21-97 9:54 AM C-Cube Microsys -2: Lehman Cut Follows 2Q Outlook >CUBE NEW YORK (Dow Jones)--Lehman Brothers Inc. cut its rating of C-Cube Microsystems Inc. (CUBE) to outperform from buy, a source at the firm said. The downgrade follows an announcement Tuesday by the Milpitas, Calif., digital video company that second-quarter earnings could fall as much as 50% below Wall Street expectations. The company cited seasonal factors and increased competition. It said earnings will probably be 20 to 25 cents a share. Analysts cited by First Call Inc. had predicted earnings of 40 cents. The announcement caused C-Cube shares to fall 5 5/8, or 22.1%, to 19 7/8 Tuesday. Wednesday morning, shares were up 1/8 at 20 on volume of 1 million, compared with average daily volume of 1.3 million. Additional information about Lehman Brothers' downgrade was not immediately available. (END) DOW JONES NEWS 05-21-97

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