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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.02-1.6%Nov 7 9:30 AM EST
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To: VidiVici who wrote (4003)3/26/2001 11:10:59 AM
From: VidiVici  Read Replies (1) of 4134
 
LSI buys CUBE... $$ for HLIT?

.....
The transaction ends C-Cube's lengthy search for a buyer. In October 1999, C-Cube agreed to sell its Divicom subsidiary to fiber-optic equipment maker Harmonic Inc. for $1.46 billion and announced it would seek to spin off or sell its remaining semiconductor operations upon the close of the Harmonic deal.

At the time, C-Cube said the terms of the Divicom sale call for Harmonic to receive a share of the proceeds if C-Cube were to sell its remaining operations.

public.wsj.com
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