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

To: Don Dorsey who wrote (43576)	8/3/1999 4:51:00 PM
From: DiViT	Read Replies (2) \| Respond to of 50808

"He doesn't care about the prospects for the company, or the growth in the industry" I simply do not understand where that statement comes from. His company shipped over 50% of the MPEG chips last year, and didn't do that by making up press releases just for traders.

To: Don Dorsey who wrote (43576)	8/3/1999 4:53:00 PM
From: Black-Scholes	Respond to of 50808

All CUBE has to do is say "we don't know what would cause our stock to decline 8% today - especially in the face of a strong overall semiconductor market. We (CUBE Management) stand behind our Q2 CC and the statements made in it." That's it. The stock would rally 3-4 points immediately. There is absolutely nothing wrong or unethical or "desparate" about making that kind of a statement. It's called DEFENDING YOUR SHAREHOLDERS and it's done all the time by tech companies far larger and more venerable than CUBE.

To: Don Dorsey who wrote (43576)	8/3/1999 5:49:00 PM
From: John Rieman	Read Replies (1) \| Respond to of 50808

Your right about trader's motives. C-Cube moved from below $19 to $37 in a short period of time. A 1/2 retracement is about $29. A 2/3rds is $25. It's the, "take your money while it's on the table" mentality. (TM Andy Chen). The general market doesn't get a break for 3 weeks, here. Friday's Employment Number(I hope nobody got a raise). Next PPI and CPI #s, and August 24th, Fed meeting. Lots to worry about. Money managers need good results for the year. We are entering the selling season to lock them in. Last year's market decline in this period was 20%. This year could be worse.