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: DiViT who wrote (50714)	3/26/2001 11:11:34 AM
From: VidiVici	Read Replies (3) \| Respond to of 50808

LSI buys CUBE... $$ for HLIT? ..... The transaction ends C-Cube's lengthy search for a buyer. In October 1999, C-Cube agreed to sell its Divicom subsidiary to fiber-optic equipment maker Harmonic Inc. for $1.46 billion and announced it would seek to spin off or sell its remaining semiconductor operations upon the close of the Harmonic deal. At the time, C-Cube said the terms of the Divicom sale call for Harmonic to receive a share of the proceeds if C-Cube were to sell its remaining operations. public.wsj.com

To: DiViT who wrote (50714)	3/26/2001 11:38:31 AM
From: John Rieman	Read Replies (1) \| Respond to of 50808

CUBE now becomes 12% of LSI.(it's down 9.5% on the deal news) LSI has a number of Fabs, they should be able to make better gross margins on CUBE products. At today's conference call, I expect C-Cube to pre-announce Q1, and guide lower for Q2. I don't know if LSI's positive spin will be enough to push the share price higher. C-Cube hasn't updated guidence since its January call. Other companies that guided lower in January have needed to guide even lower since. PMCS did it just this morning.