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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (1933)	6/14/1999 1:21:00 PM
From: Kenya AA	Read Replies (1) \| Respond to of 12662

Jimbo: I think the struggle with 30 is over. BO was 6X volume! K ______________________________________________________________________ C-Cube Microsystems Gains on Optimism for Sales, Takeover C-Cube Microsystems Gains on Optimism for Sales, Takeover Milpitas, California, June 11 (Bloomberg) -- C-Cube Microsystems Inc. shares rose as much as 13 percent on optimism that sales at the No. 1 maker of digital video chips will top forecasts and the company may be a takeover candidate. C-Cube rose 3 1/4 to 31 11/16 in late trading, after reaching a 52-week high of 32 1/4. Its shares have more than doubled from a 52-week low of 13 1/4 on Oct. 8. Options to buy C- Cube shares at 30 were the second-biggest gainers in U.S. markets. C-Cube designs chips for digital video disk players and encoders for satellite TV systems and television set-top boxes. Analysts expect sales in those markets to rise and say C-Cube is positioned to benefit. ''We are greatly impressed with its technology, and business is good in a quarter that is traditionally soft,'' said Dan Scovel, a Fahnestock & Co. analyst, who rates C-Cube a ''buy.'' Milpitas, California-based C-Cube also has been subject to speculation that it might be acquired, Scovel said. That may be playing a part in the recent share activity, he said. ''It's always possible and not completely unlikely,'' Scovel said. ''There have been rumors before.'' C-Cube officials declined to comment on any takeover speculation. _____________________________________________________________________ US OPTIONS - Volatility rises in C-Cube Reuters Story - June 11, 1999 14:37 CHICAGO, June 11 (Reuters) - Implied volatilities firmed and call volume picked up Friday in options on C-Cube Microsystems. Implied vols early Friday jumped to as high as about 81 percent, up from a more-typical 57 percent, said Paul Foster, investment strategist with 1010WallStreet.com. "The options are little active," he said. "Volatility is on the high end of the range." During the last month, he said implied vols had ranged from about 59 percent to 71 percent. In the options on the Chicago Board Options Exchange and the American Stock Exchange, combined call volume at 1027 CDT/1527 GMT totaled about 1,550 contracts, with some 145 puts also traded. In the most-active June 30 call, which rose 1-1/16 to 1-9/16, more than 470 contracts had changed hands on open interest of 3,372. Shares of the California-based company, which provides integrated digital video compression solutions, rose 2-13/32 to 30-27/32 on Nasdaq market volume of nearly 2 million shares. "It's a technology that any networker needs," added Foster of the company's product.