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

To: Stoctrash who wrote (43307)	7/23/1999 5:31:00 PM
From: John Rieman	Read Replies (3) \| Respond to of 50808

NTL close to buying C&W............................. dailynews.yahoo.com Friday July 23 12:19 PM ET NTL Poised To Seal CWZ Deal - Source Full Coverage Telecom Industry News By Kirstin Ridley LONDON (Reuters) - NTL Inc (Nasdaq:NTLI - news), Britain's third biggest cable television company, is likely to unveil the first details of a merger with market leader Cable and Wireless Communications Plc next week, a source close to talks said Friday. ''I would be surprised if we didn't see any progress -- at least an outline of a deal -- in the next week,'' the source told Reuters. CWC declined to comment. Top executives at CWC and NTL have spent the week ''in smoke-filled rooms'' trying to hammer out a deal that analysts expect to be the penultimate move in the consolidation of the country's Big Three cable groups. NTL muscled into merger talks between CWC and Britain's second biggest cable company Telewest Communications Plc Monday, securing 21 months of exclusive negotiations with CWC's 53-percent shareholder Cable and Wireless Plc. Analysts believe the extraordinary length of the exclusivity agreement might have been struck to ensure a highly complex deal can be not only agreed, but also completed. C&W also declined to comment. Nasdaq-listed NTL, the sharp shooter of Britain's cable industry, has been offering around 8.0 billion pounds ($12.63 billion) in cash and shares for the 1.2 million residential customers and cable assets of CWC, according to industry sources. But negotiations are continuing. Analysts expect the corporate assets of CWC to be merged back with its parent C&W, which is keen for cash as it refocuses into a corporate data communications company and sells off some of its consumer-related businesses. If a deal is agreed, analysts expect the enlarged group to also swallow Telewest in due course as the companies seek synergies of scale and enough market power to take on British Telecommunications Plc and pay-TV giant BSkyB. Britain's top three cable groups are all saddled with a considerable level of debt. But NTL last week won a $1.0 billion investment from France Telecom (NYSE:FTE - news), which took a 10 percent stake. The French giant, which has been keen to gain a foothold in Britain, has said it might raise its stake if NTL secures the bid for CWC. ($1-.6335 Pound) ($1-.6335 Pound)

To: Stoctrash who wrote (43307)	7/26/1999 3:50:00 PM
From: DiViT	Read Replies (2) \| Respond to of 50808

Dazzle Multimedia Names Sajid Sohail As CEO; Dazzle Co-Founder Steps Up To Lead The Company Into Next Phase Of Growth ---- I wonder what happend to David Taylor the former CEO. ---- 07/26/1999 Business Wire (Copyright (c) 1999, Business Wire) FREMONT, Calif.--(BUSINESS WIRE)--July 26, 1999--Dazzle Multimedia, the number one brand in MPEG digital video products for businesses and consumers according to PC Data, today announced the appointment of Sajid Sohail to chief executive officer, effective immediately. Sohail previously held the position of chief technology officer for Dazzle Multimedia. Sohail, co-founder of Dazzle Multimedia, was instrumental in providing the vision and focus of Dazzle's product line from the first generation digital video products, the Dazzle and Snazzi, to its most recent award-winning product, the Dazzle Digital Video Creator. Sohail also held several positions with Dazzle Multimedia including vice president of research and development, and his most recent position of chief technology officer. "As co-founder of Dazzle Multimedia, I'm honored to have this opportunity to continue my efforts with Dazzle, and I look forward to playing an integral role growing the company's success and premier position in the market," said Sajid Sohail, CEO of Dazzle Multimedia. "As CEO, I intend to expand our current product offering into the OEM market and increase Dazzle's presence internationally." Prior to joining Dazzle Multimedia, Sohail was the director of engineering for C-Cube Microsystems Inc. (Nasdaq:CUBE), an industry leader in the development and delivery of highly integrated digital video silicon and systems solutions. Responsible for research and development of digital video technology, Sohail played a key role in developing system and chip level solutions for C-Cube 's MPEG-based digital video product line. Sohail began his career at Digital Equipment Corporation (DEC) as a principal engineer, where he was responsible for chip and systems development. The Dazzle Product Line Dazzle's products, including its Digital Video Creator, Digital Video Creator Internet Edition and Photo Maker, are plug-and-play parallel port and USB devices for novice to advanced computer users which focus on applications for using TV-quality digital video, including creation and editing of home videos, creating streaming audio and video for web pages and video e-mail, developing video-enhanced PowerPoint presentations and designing and distributing educational or training materials on CD-ROMs. About Dazzle Multimedia Dazzle Multimedia, based in Fremont, California, designs, builds and markets innovative and affordable MPEG digital video and still image capture/editing products for business and personal computer users. Dazzle Multimedia believes these products represent the initial stage of an evolution from text and character-based processing to a computing environment in which audio/video and other media are more fully integrated into documents, presentations and communications. Recently, SCM Microsystems (Nasdaq:SCMM), a leading OEM supplier of secure digital access solutions for digital TV and computers, acquired a major stake in the company. Interested parties can learn more about Dazzle Multimedia by calling 510-360-2300 or by visiting the company's web site at www.dazzle.com Contact: CONTACT: Smith Public Relations Scott Robertson/Lina Celella, 310/788-0456 scott@smith-pr.com 09:03 EDT JULY 26, 1999