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To: Peter V who wrote (11581)1/21/2000 7:45:00 PM
From: Alski  Read Replies (1) | Respond to of 14427
 
Peter,
As you pointed out, all that spin-off/merger stuff mitigates the TA on CUBE a bit. I see plenty of early warning signs, but no confirmed sell signals, yet.

If you want to trade CUBE using TA I think simple near term trend lines are probably your best bet. CUBE has some very clear ones: thru the lows on 10/18 & 1/7, lows on 1/7 & 1/12, lows on 1/12 & 1/19, and thru the highs on 9/29 & 12/28. I particularly like that last one 'cause it used to be resistance but CUBE gapped it and used it as support yesterday.

There's a nice target line too, from the low on either 11/3 or 10/18 thru the high on 12/28. It'll be mighty tough for CUBE to get through that line.

The right side of a cup doesn't have to be exactly at the all time high. CUBE doesn't even have to complete a cwh pattern. It's just something to be aware of since it is common.
If you're not familiar with the cup with handle pattern check out this link:
traders.com
Now, compare that picture to CUBE's monthly chart:
siliconinvestor.com

As for today's action, CUBE put up a star today (almost a doji) which is a preliminary reversal sign, needs confirmation though. (CUBE also had a doji star last Tuesday and shot up nicely from there.)
equis.com
siliconinvestor.com

That today's star was on high volume and the failure to make a new intraday high are also both warnings. The high volume with very little price movement (open to close) is a possible blow off top.

Have I got you thoroughly confused now? All those are just warnings, not sell signals. Just be careful.

FWIW...Alski



To: Peter V who wrote (11581)1/22/2000 4:41:00 PM
From: SJS  Respond to of 14427
 
Pete,

Hope you find this interesting:
____________

C-CUBE by CSFB (4Q99 Details)

· C-Cube reported 4Q99 EPS results of $0.40 per share (beating consensus of$0.37) on revenues of $115.7 million - up 20.8% y/y and 14.2% q/q. Revenue wasdriven by growth at both the Divicom and the semiconductor segments.

· Increased revenue and related higher gross margin, along with steady operating expenses enabled operating margin to expand 270 basis points to 20.1%, exceeding previous guidance for a slight improvement.

· Divicom was up 27%, posting several key milestones including: the deployment by MediaOne of Divicom's open standard in Jacksonville, selection by Cablevision to provide for head-end equipment in the New York area, and a win for the first digital MMDS TV system in China.

· Semi revenue increased by 40% in the quarter driven mainly by strength from DVD, set-top box, and CODEC products, plus a seasonal increase for VCD chips. The semi business also posted key design wins, including Cisco (for the DVxpert 5140 broadcast CODEC).

· As advisors to C-Cube's sale of DiviCom to Harmonic and the spin-off of its semiconductor business, we are restricted on the stock.