C-Cube Message Board - Msg: 4171138

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Technology Stocks : C-Cube

CUBE 36.68

-0.4%

2:30 PM EST

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To: BillyG who wrote (32595)	4/23/1998 12:30:00 AM
From: CPAMarty	Read Replies (2) of 50808

maybe VCD chip sales in asia outside of china will be picking up for cube.................. AMSTERDAM -- Dutch giant Philips Electronics NV said Wednesday that first-quarter net profit from ordinary operations jumped 56% to 716 million guilders ($356 million). The results were far above analysts' expectations. Market-watchers also said they planned to raise earnings and share-price targets in light of the 56% jump in the Dutch consumer-electronics group's income The results eased fears that the economic slowdown in Asia would significantly damage Philips's results, and the company's shares surged both in the Netherlands and later in U.S. trading Wednesday.

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