C-Cube Message Board - Msg: 3909333

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Technology Stocks : C-Cube

CUBE 36.18

-0.4%

2:29 PM EST

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To: John Rieman who wrote (31591)	3/31/1998 10:28:00 PM
From: J Fieb	Read Replies (1) of 50808

TEK's last Q was announced on March 19, here is what they said about the video portion...... Video and Networking The company said the turnaround underway in its Video and Networking Division was proceeding ahead of schedule. "The work the division has done to better align costs with the size of the business, improve gross margins and lower inventory resulted in a small profit in the quarter, compared with a significant loss a year ago," Meyer said. "This performance only increases our confidence that the business will be solidly profitable in the fourth quarter." Sales for the business were $93.7 million, compared with $101.7 million in third quarter 1997, with the netstation business down from last year's third quarter. The video content business grew year over year, led by strong sales of the company's Profile professional video server and disk recorder family. The Profile product line experienced 50 percent growth in units installed and continues to significantly outpace competition. The Lightworks V.I.P digital video editing system also performed well and was named Video Editing Product of the Year by "Video Age." Message 3763541 A good booth for Divi to be in at NAB!

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