C-Cube Message Board - Msg: 538763

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Technology Stocks : C-Cube

CUBE 39.12

+1.1%

12:18 PM EST

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To: Rick Fredrick who wrote (8051)	12/11/1996 1:52:00 PM
From: Eric Thacker	of 50808

Here's the Needham news....ET ------------- NEW YORK (Dow Jones)--Needham & Co. cut its rating on C-Cube Microsystems Inc. (CUBE) to buy from strong buy, according to a market source. The source said the securities firm cited growing competition from ESS Technology Inc. (ESST) in its research note. Needham lowered its 1996 estimate to $1.62 a share from $1.64 and its 1997 projection to $2 from $2.12. Yesterday, ESS announced that Sony Corp. (SNE) has selected ESS's MPEG solution for a new video-related product. 9:37 AM

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