Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Carnac who wrote (48899)	3/30/2000 12:03:00 PM
From: DiViT	Respond to of 50808

DVD-R + PVR exactly what I want. Add: Camcorder inputs Some VERY BASIC editing, to SIMPLY clip out and reorder scenes.

To: Carnac who wrote (48899)	3/30/2000 12:19:00 PM
From: DiViT	Respond to of 50808

1. Q: What, as a shareholder, do I receive from the proposed DiviCom/Harmonic merger and spin off? A: For each share of CUBE, shareholders at the close of the deal will receive 0.5427 shares of HLIT and approximately 1 share of the new company, which consists of the assets of the Semiconductor division. c-cube.com I also ran across this: Options. All vested options to purchase C-Cube Microsystems common stock held by Semiconductor employees will terminate on the date of the separation. All unvested options to purchase C-Cube Microsystems common stock held by Semiconductor employees will be replaced with substitute options to purchase Semiconductor common stock, also referred to as spin-off Semiconductor options. The number of shares and the exercise price of options to purchase C-Cube Microsystems common stock that convert into spin-off Semiconductor options will be adjusted using a conversion formula. The conversion formula will be based on the trading per-share price of C-Cube Microsystems common stock and the trading per-share price of Semiconductor common stock following the distribution. The resulting spin-off Semiconductor options will maintain the original vesting provisions and option period. And this, use it or lose it clause for outside directors. They've vesting is accelerated prior to the merger and any unexercised options will not carryover. Could this explain Valentine's recent selling? All options held by non-employee directors of C-Cube Microsystems will accelerate immediately prior to the merger with Harmonic and become exercisable for all of the shares of C-Cube Microsystems common stock then subject to the option. Immediately upon the merger, each such non-employee director option will terminate. 10kwizard.com