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

To: Maya who wrote (49232)	5/5/2000 1:27:00 PM
From: Black-Scholes	Read Replies (1) \| Respond to of 50808

New management needs to make a GOD DAMN statement. PERIOD. Sheessssssss !This stock is so oversold. SAY SOMETHING!!!!! The market is pissed off with the silence.

To: Maya who wrote (49232)	5/8/2000 8:20:00 AM
From: Lane Weatherly	Read Replies (2) \| Respond to of 50808

Monday May 8, 8:00 am Eastern Time Company Press Release C-Cube Announces Lower-Than-Anticipated Financing MILPITAS, Calif.--(BUSINESS WIRE)--May 8, 2000--C-Cube Microsystems (Nasdaq:CUBED - news), previously C-Cube Semiconductor Inc., today announced a plan to finance its lower-than-anticipated spin-off taxes. The spin-off created a tax obligation of approximately $319 million as calculated under the tax-sharing agreement between C-Cube and Harmonic. The tax was determined by the volume weighted-average trading price of each C-Cube share - $21.74 - on the first day after the distribution. C-Cube, which has cash reserves of $314 million, plans to raise $40 million to give the company sufficient operating cash. Under the terms of the agreement between C-Cube and Harmonic, stockholders of the former C-Cube Microsystems received - for each share - one share of stock in the spun-off C-Cube and 0.5427 shares of Harmonic stock in a tax-free exchange. About C-Cube C-Cube Microsystems leads the industry in providing silicon solutions that are driving the global transition from analog to digital video and audio in the home. C-Cube focuses on broadband communications and codec products. C-Cube's broadband products enable video and data to be transmitted through interactive digital set-top boxes and digital networks. C-Cube's codec products are enabling new digital video consumer applications such as digital VHS, personal video recorders, DVD players and recorders, and video editing systems. C-Cube is headquartered in Milpitas, California with offices in North America, Europe, and Asia. Its stock is traded on the Nasdaq under the symbol CUBED. C-Cube can be reached at +1.408.490.8000 or at c-cube.com. Note to Editors: C-Cube and the C-Cube logo are registered trademarks of C-Cube Microsystems, Inc. All other trademarks or registered trademarks are property of their respective owners. --------------------------------------------------------------------------------