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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (22299)	9/24/1999 12:53:00 PM
From: Souze	Respond to of 43080

Reuters, Friday, September 24, 1999 at 10:46 NEW YORK, Sept 24 (Reuters) - Lehman Brothers said it raised its price target for C-Cube Microsystems Inc. (NASDAQ:CUBE) to $71 a share from $41 a share. -- Analyst Dan Myers said, "We believe that US cable is undergoing a major restructuring; moving from closed, proprietary systems to open systems based on standards. As a result, cable equipment suppliers such as General Instrument Corp.(NYSE:GIC) and Scientific-Atlanta Inc. (NYSE:SFA) are under attack from newcomers such as Sony Corp.(TOKYO:6758) and C-Cube." -- Shares were trading at $37-1/4, up $2-7/8, in early Nasdaq. Copyright 1999, Reuters News Service No position. 'Just thought the large increase in the target was worth noting. CUBE is up 3 1/16 at 37 7/16; high was 38 1/2.