Bob re: Sigma
Do you really want this for Cube?
Maybe Sigma is screwing Cube out of PC DVD just like ESS did China VCD. But PC-DVD revenues have been a minor part of Cube's revenues to date. However, even with the announced Sigma wins, I expect Cubes PC-DVD revenues will continue to grow, but not nearly at the rate Divicom will. PC-DVD is a commodity, Cube shouldn't spend a lot of resources here, but take whatever sloppy leftovers they can get mindful of the margins.
Sigma Designs, Inc. Reports First Quarter Results
biz.yahoo.com
First Quarter FY2000 Shows Net Profit, 33% Increase in Sales
MILPITAS, Calif.--(BUSINESS WIRE)--May 24, 1999--Sigma Designs, Inc. (NASDAQ:SIGM - news) today announced results for its first fiscal quarter ended April 30, 1999.
Sales for the first quarter of fiscal 2000 were $13,783,000, up 33% from $10,394,000 reported for the same period in fiscal 1999 and up 5% from $13,078,000 for the fourth quarter of fiscal 1999. Sigma reported net income of $512,000 ($0.03 per share, diluted) in the first quarter of fiscal 2000, compared to a net loss of $56,000 ($0.00 per share, diluted) in the first quarter of fiscal 1999.
Thinh Tran, Chairman and Chief Executive Officer, stated, ''We are pleased to have achieved profitability for the quarter. In addition to improved fundamentals, as reflected in operating and net profits, the balance sheet strengthened during the quarter. We were cash flow positive from operations.''
''Our PC DVD business continued to grow, with 18% sequential growth. Our DVD product mix continued to shift from boards to silicon sales, with DVD silicon sales increasing 24% sequentially.''
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