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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Maya who wrote (43092)	7/16/1999 11:13:00 AM
From: BillyG	Read Replies (1) \| Respond to of 50808

C-Cube reports higher sales and earnings for the quarter semibiznews.com A service of Semiconductor Business News, CMP Media Inc. Story posted 6:30 p.m. EST/3:25 p.m., PST, 7/15/99 MILPITAS, Calif.--Both sales and profits were up in the second quarter for C-Cube Microsystems Inc. The chip maker today reported revenues of $94.1 million, up 14% from the $82.5 million for the same period in 1998, but down 2.5% from the $96.5 million reported for the first quarter of 1999. Net income was up 9.3% to $11.7 million (28 cents a share) from 10.7 million (28 cents a share) a year, but off 10% from $13 million (32 cents a share) recorded in the prior quarter. "We are very pleased with our second quarter performance, which set a revenue record for this historically low period," commented Alexandre Balkanski, CEO. "We successfully offset normal seasonal downturns in our Asian-based VCD business with strong growth in the DVD marketplace--particularly in Korea and Japan-and continued growth at our DiviCom subsidiary." C-Cube said it shipped a record number of DVD chips during the quarter-a total that exceeded 1 million units. C-Cube Microsystems Inc. is a leader in developing highly integrated digital video silicon and systems solutions, delivering digital video silicon and systems to the communications and consumer electronics markets, as well as products for audio/video encoding, data broadcast solutions, and network management systems.