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Technology Stocks : C-Cube
CUBE 36.50-0.4%1:43 PM EST

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To: J Fieb who wrote (34633)7/22/1998 8:56:00 PM
From: Tim McCormick  Read Replies (1) of 50808
 
Here is how you do it. IPO about 50 mill worth of Cube chip segment. Spin off stock in dividend of 60% of chip segment less IPO stock to current shareholders. Change name of remaining company to Divicom which retains 40% of CUBE. Have the new Divi buy somebody like HLIT for combination stock and cash. Put converts in Cube and leave enough cash there w/ the 50 mill to tender for all the bonds. AB runs Cube, TL runs Divi. New Divi stock alone trades for more than current Cube.
Tim
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