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


To: Peter V who wrote (46938)10/28/1999 3:31:00 PM
From: DiViT  Respond to of 50808
 
Sort of.

You get .5427 HLIT and 1 share of the new SemiCube for each share of Cube you hold.

c-cube.com

Under the terms of the agreement between C-Cube and Harmonic, the Harmonic transaction will be structured as a tax-free exchange of stock in which C-Cube shareholders will receive, in exchange for each share of C-Cube stock, 0.5427 shares of Harmonic stock. Based upon Harmonic's closing price of $64.875 on October 26, 1999, the value of the Harmonic combination would be approximately $1.7 billion. In addition, the C-Cube shareholders will receive spun off shares of the semiconductor business or net, after-tax proceeds of any sale of the semiconductor business.



To: Peter V who wrote (46938)10/28/1999 3:32:00 PM
From: Stoctrash  Read Replies (2) | Respond to of 50808
 
HLIT is moving...now almost 52...



To: Peter V who wrote (46938)10/28/1999 3:34:00 PM
From: Black-Scholes  Read Replies (1) | Respond to of 50808
 
Hey, Erika Klauer, get your head out of your ass and do the arithmetic: According to your calculations, CUBE's semi division is worth $13 / share (based upon 45 million shares). That calculation reflects pure ignorance. Why do you still have a job?

"After Divicom's sale, Klauer values C-Cube's remaining business at $600 million."