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Technology Stocks : C-Cube
CUBE 35.89+0.1%Dec 26 3:59 PM EST

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To: DiViT who wrote (16990)6/12/1997 9:15:00 PM
From: John Rieman   of 50808
 
Ess did $81.5M in revenue last Q. The best they expect now is $61M this Q. Sounds familiar. Wall Street tends to sell a sector for a day or two after, after one of the players does this. Because of VCD, Cube gets lumped with Ess. Ess support at $10, Cube in the $16s.

The volume today was interesting. Cube opened slow, big pick up(down), and end of day, big pick up(down). Ess had a slight up, on near normal volume. Today's selling in Cube was not related to the Ess preannouncement.

Or does the Street think that what is bad for Ess/Cube, is good for Cube/Ess?
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