C-Cube Message Board - Msg: 7429800

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Technology Stocks : C-Cube

CUBE 36.96

-2.0%

Nov 6 3:59 PM EST

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To: ftmp who wrote (38504)	1/22/1999 4:01:00 PM
From: JEFF K	Read Replies (1) of 50808

Just heard from my broker he read an update from Credit Suisse Fisrt Boston to me. First, they maintained a buy rating on the company. Second, they lowered the estimated revenues from 424m to 410m. Third, they cited expense pressures related to continued need from R & D as making it difficult for Cube to meet expectations in the 1st & 2nd Qtr's, but expected the 3rd & 4th Qtr's to be positive. From Cube's CFO; the new aquisition cost is about 4m and they do not expect it to generate revenue's till 2000; He " is at a loss about the stock's reaction being that the company met expectations in Qtr 4 98 & expect to meet expectations in 99".

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