C-Cube Message Board - Msg: 4388062

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Technology Stocks : C-Cube

CUBE 37.23

-0.3%

Nov 28 9:30 AM EST

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To: Bob Strickland who wrote (33079)	5/8/1998 7:45:00 PM
From: Jacques Chitte	Read Replies (1) of 50808

Nobody touched the issue of the stock price. I think they would have had to issue complimentary blue rubber exam gloves were that the case. There were maybe fifty people. Most of them were behind me (I'm sorta myopic) and all were better dressed. The voting end of the meeting was like last year - about 90% of shares voting aye to everything. Tone? "Guardedly neutral" is my read. No more rah-rah about being the Gorillas of VCD - but a commitment to hang onto market share since VCD is projected to stay #1 Cash Cow for the semi division. AB expressed "disappointment" with DVD on the one hand. On the other hand he wanted Cube to be in position for when the format inevitably takes off, esp. as DVD-Ram. In the meantime, it seems that the company is deliberately not encouraging the analysts. There was some spirited Q&A. The usual schtuff like "who's the competition, and what are they up to?" One question made me scratch my head. "There's a lot of cash on the balance sheet (180 mil!). Do you have any plans to put it to work?" This'n caught AB off guard just a little. Quick ad-lib about "keeping dry powder" in case another (!!!!!) tough patch was ahead, and keeping cash handy for whatever purchase opp turns up. Subjective read: mgmt is a little defensive after the big VCD embarrassment followed by our own little DVD El Nino. And you never know - I hear Rio's quite nice this time of year... ;-) A personal ritual was observed. I got me a big chewy chocolate chip cookie from the refreshment table. My annual Cube dividend. I did not see any shortcake.

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