C-Cube Message Board - Msg: 2850374

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Technology Stocks : C-Cube

CUBE 36.91

+1.7%

Nov 25 3:59 PM EST

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To: John Rieman who wrote (25963)	12/1/1997 8:48:00 PM
From: BillyG	Read Replies (2) of 50808

Creative is still investing....................... OPTI SELLS NET MEDIA GROUP TO CREATIVE -- Opti has signed an agreement to sell its Net Media group to Creative Technology for $14M in cash and warrants to purchase 200,000 shares of Opti's common stock at 10 cents a share. Under the deal, Creative also receives a license to certain Opti core logic technologies that will be integrated into Creative's consumer and multimedia products. In addition, the agreement calls for Creative to use over the next 12 months certain backend services from Opti including layout design, test services and failure analysis as well as a buy/sell arrangement for Opti's USB controller. The agreement is expected to be finalized today. "This agreement provides OPTi an attractive price for its Net Media business as well as for new business opportunities for both its backend services and peripheral product areas," said Jerry Chang, CEO. Opti: 408 486-8000.

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