C-Cube Message Board - Msg: 8498188

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Technology Stocks : C-Cube

CUBE 37.08

+0.4%

Dec 2 3:59 PM EST

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To: BillyG who wrote (39408)	3/24/1999 1:33:00 PM
From: DiViT	Read Replies (2) of 50808

From the 10k: EXTRAORDINARY ITEM During 1998, the Company repurchased $63.5 million of the face value of the Company's 5.875% subordinated convertible notes due in 2005 at 88.4% of the principal amount with accrued interest to the date of repurchase. Upon repurchase of the notes, the Company recognized extraordinary gains of $3.5 million, or $0.09 per diluted share, net of related income taxes of $2.4 million. Also cash increased: Cash, cash equivalents and short-term investments increased to $207.8 million at December 31, 1998 from the $166.4 million at the end of 1997. Working capital increased to $220.5 million at December 31, 1998 from $208.4 million at the end of 1997.

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