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

To: John Thomas who wrote (50713)	3/26/2001 1:00:48 PM
From: John Rieman	Read Replies (1) \| Respond to of 50808

C-Cube sub-leases part of their building to Neomagic....... LSI 10k....................................... 10kwizard.com Division of Neomagic: On April 13, 2000, we entered into an Asset Purchase Agreement (the "Agreement") with Neomagic Corporation ("Neomagic"). Under the Agreement, we acquired certain tangible and intangible assets associated with Neomagic's DVD Drive Electronics line of business ("DVD Business"), which includes NeoMagic's optical read-channel mixed-signal design team and RF intellectual property. `The acquisition is intended to enhance and accelerate our set-top decoder and DVD product offerings in the Semiconductor segment. The acquisition was accounted for as a purchase and the total purchase price was $15.4 million in cash. Accordingly, the results of operations of the DVD Business and estimated fair value of assets acquired and liabilities assumed were included in the Company's consolidated condensed financial statements as of April 13, 2000, the effective date of the purchase, through the end of the period.