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

To: John Rieman who wrote (45996)	10/11/1999 8:23:00 PM
From: Cameron Lang	Read Replies (1) \| Respond to of 50808

This is a week old, but don't think it's been posted. Another CUBE mention by Scovel (Fahnestock analyst)... techweb.com October 04, 1999, Issue: 1180 Section: Business & Finance Electronic stocks hit the skids amid broad correction Bolaji Ojo September is proving to be the month that many Wall Streeters thought would never arrive. A correction momentum is building in the stock market, according to analysts, and electronics stocks are feeling the heat as anxious investors look for safer grounds to park their money. Electronics issues hit the skids again last week, puncturing one of the longest rallies in the history of the market. The EBN/Thomas Weisel Supply-Chain Index fell 3.66% in the week ended Sept. 29, to 1560.28, its lowest level since Aug. 4. The index has dropped more than 6% since hitting an all-time closing high of 1667.5 on Sept. 8. During the same period, the Dow Jones Industrial Average fell 8.7% and is down about 10% from its all-time high. "By definition, a 10% decline in stocks is proof we've entered correction territory," said Dan Scovel, an analyst at Fahnestock & Co. Inc., New York. "The health of the economy has been reflected in the high valuation of stocks, but if you've been selective, you've hopefully made money." For investors in electronics stocks, the strong recovery has been muddied by developments overseas, particularly the tragic earthquake in Taiwan, which analysts said could negatively impact semiconductor companies, particularly the fabless outfits that depend on the island's major foundries. To get around this problem, analysts said investors must become more selective and seek out small-cap companies that were largely ignored during the one-year run-up in the bull market. "We've seen some rockiness in the market because future growth expectations for the big-cap companies have played a role in their valuation," Scovel said. "It's time to look closely at small electronics stocks like S3, Silicon Storage Technology, Cypress, and C-Cube Micro Systems." OEMs, especially companies that continue to pay dividends, are also expected to receive some attention in the current market. While all other segments of the EBN index lost ground in the last week, the OEM Products & Subsystems index rose 2.94%, to its highest level. The leaders in that segment were Key Tronic Corp., which added 18.18%, and C&D Technologies Inc., which rose almost 12%, to $35.69. C&D, Blue Bell, Pa., a manufacturer of electrical power-storage and -conversion products used in telecommunications, computers, and office equipment, rose sharply after announcing that its would pay its regular quarterly dividend. Meanwhile, Praegitzer Industries Inc.'s stock fell 16.97% after the company said it was exploring options that could include putting the company up for sale. Copyright ® 1999 CMP Media Inc.

To: John Rieman who wrote (45996)	10/11/1999 11:57:00 PM
From: Maya	Respond to of 50808

biz.yahoo.com

To: John Rieman who wrote (45996)	10/12/1999 4:53:00 AM
From: Maya	Read Replies (1) \| Respond to of 50808

John, What will be the effect on Cube of the Intel-Nokia settop pact? Intel, Nokia in set-top box pact SAN FRANCISCO, Oct 12 (Reuters) - Intel Corp. (NasdaqNM:INTC - news), the world's largest computer chip maker, said it is teaming up with mobile phone giant Nokia Group to jointly develop set-top boxes that integrates the Internet for the European digital TV market. The companies plan to make their announcement on Tuesday at the Telecom 99 industry trade show in Geneva. The set-top boxes and software will integrate the Internet with digital television programming. The companies said that product development is underway and they expect to have the first products introduced in the second half of 2000. The companies hope to create more personalized television viewing, melding data and services available on the Internet. ``It's about developing a personalized television experience and making it interactive to the level a consumer wants it to be,' said Ganesh Moorthy, vice president of marketing at Intel's home products group. ``You get the stuff you are interested in.' Moorthy said some examples include current stock prices of from a personalized portfolio, sports scores of favorite sports teams, and weather, all scrolling across the TV at the same time a television program is on. Television watchers could also look up more statistics or information on a team or a player, via the Internet, at the same time as watching a game. Intel said it will provide the processors, which will be Intel architecture-based chips such as its Celeron or Pentium family, software and some broadcast technology. Nokia of Finland also develops digital television products. The companies said they plan to use the upstart Linux operating system for the set-top boxes, running the Mozilla Internet browser software. Both Linux and Mozilla are developed by the open source community of software developers and are free over the Internet. The move is the latest by Intel in the set-top box arena. In June, Intel announced a pact with Hughes Electronics Corp. (NYSE:GMH - news) to develop digital satellite set-top boxes. The first product will be America Online Inc.'s (NYSE:AOL - news) TV satellite receiver which will support AOL TV. Analysts said that the two companies may face some challenges ahead because they have selected technical specifications that are not yet widely used in Europe. Intel and Nokia said they plan to develop their products around the ATVEF (Advanced Television Video Enhancement Forum) specification that uses Internet protocols so that broadcasters can add data to a video stream. ``Over 7 million households in Europe have interactive TV, due to some recent growth in France and the U.K., and the vast majority is not based on ATVEF,' said Kevin Hause, an analyst with International Data Corp. ``There is no one standard, there are a couple...There is a long way to go.' But Hause also pointed out that he believed the focus by Intel and Nokia on integrating personalized data from the Web into television viewing is the right approach. ``It's not about Web pages on your TV,' Hause said. ``It's about focused applications and information.' biz.yahoo.com yahoo.cnet.com