C-Cube Message Board - Msg: 7490465

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube

CUBE 36.63

-2.4%

Nov 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: C. Niebucc who wrote (38582)	1/26/1999 12:54:00 PM
From: DiViT	Read Replies (1) of 50808

Comforting words from Walt... I'm not so sure about that last sentence tho' --------- C-CUBE CFO SAYS R&D INCREASE NO BIG DEAL. 01/25/99 Computergram International COPYRIGHT 1999 ComputerWire Inc. C-Cube Microsystems Inc, whose shares dropped more than 20% Friday after several analysts downwardly revised earnings expectations, insists that the market has blown the situation at the company out of proportion. The shares fell $7.0625, or 23.79% to close at $22.625. Chief financial officer Walt Walczykowski explained that investor concern is mainly over planned increases in R&D spending and integration costs following the acquisition of TV/Com (see separate story). Although he would give no specifics, Walczykowski said that the TV/Com deal was a small one and insisted that the share price plunge wasn't exactly justified given the amount of planned R&D increases. He points out that the company met fourth-quarter expectations and says that top and bottom line growth are a reality for the company "for 1999 and beyond."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next