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

To: Gayle Riggs who wrote (49237)	5/5/2000 2:31:00 PM
From: Gayle Riggs	Respond to of 50808

I found a reference indicating that the record date for the spin off of HLIT to CUBE shareholders was April 25. Help me here. So, given the spin-off of CUBED from the merged company, CUBE will owe corporate income taxes based on the CUBED price on May 3, which was roughly $24 a share. Strange, this was the peak and the price has been downhill since. AlGore says we like taxes and the more the better. Maybe he had the IRS help hold the price up so that the tax bite to us could be maximized. Gosh, I feel so good, not. :) G Riggs

To: Gayle Riggs who wrote (49237)	5/6/2000 9:23:00 AM
From: John Rieman	Respond to of 50808

If this article is correct, the Harmonic shares were issued Friday................................................ multichannel.com Daily Update for May 05, 2000: Harmonic Closes on DiviCom Sunnyvale, Calif. -- Broadband-technology vendor Harmonic Inc. closed its $1.7 billion acquisition of C-Cube Microsystems Inc.'s DiviCom business on Friday. C-Cube provides cable and satellite operators with digital-headend equipment such as encoders, multiplexers and set-top-box controllers based on "open" international standards for interoperability. According to the deal, C-Cube stockholders received 0.5427 shares of Harmonic common stock for each share of C-Cube common stock they owned as of March 22, 2000. C-Cube stockholders also received shares of its semiconductor business in a spin-off effective yesterday. Based on Harmonic's closing price of $71.75 on May 4 and C-Cube's 44.3 million outstanding shares, the deal was valued at about $1.7 billion. Harmonic shares were at $72.38 per share, up 63 cents each in late afternoon trading. "Harmonic is strongly positioned to enable broadband communications over any network," said Harmonic chairman Anthony Ley in a prepared statement. "We are now offering the most advanced fiber optic, digital video, and IP data delivery solutions available in the market." - 5/05/00