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To: DiViT who wrote (24287)	10/23/1997 4:58:00 PM
From: John Rieman	Respond to of 50808

Nonoperating income added $.06 EPS, that leaves operating income at $.09 per share. They do have a lot of cash. Did they have a one time gain???????????????????????????? Operating income (loss) 5,396 (3,677) Nonoperating income 4,131 1,134 -------- -------- Income (loss) before income taxes 9,527 (2,543) Income taxes 3,334 (890) ======== ======== Net income (loss) $ 6,193 $ (1,653) Here's the one time gain........................ Net income per share of $0.15 compares with net loss per share of $0.04 in the first quarter of fiscal 1997. Net income for the quarter included non-operating income of $2.6 million or $0.04 per share from a favorable settlement of a legal proceeding.

To: DiViT who wrote (24287)	10/23/1997 7:02:00 PM
From: John Rieman	Respond to of 50808

Avid was $.06 better than expected.................... biz.yahoo.com M-JPEG chips............................... kipinet.com Nonlinear Chips Nonlinear editing systems were the first products to enjoy the fruits of the new silicon chips when, in 1990, C-Cube Microsystems of Milpitas, California, introduced the first chip that could compress video into Motion-JPEG in real time. Before that time, the two pioneer nonlinear companies, Avid Technology and EMC, were forced to develop their own ways to squeeze video to fit on the disks of the day. Avid developed a software algorithm that ran on the Mac's processor, but the resulting images were crude and blocky. EMC used a DSP card programmed with its own algorithm, but the results, although better due to the speed of the chip, were still unacceptable. C-Cube's CL550 VLSI chip was able to compress video with image quality comparable to that of VHS tape. Its adoption by both companies launched the nonlinear offline-editing revolution. Subsequent advances, by C-Cube and others, have given nonlinear systems the ability to produce very high-quality video--and, in the process, changed the face of post-production.

To: DiViT who wrote (24287)	10/23/1997 8:10:00 PM
From: John Rieman	Respond to of 50808

China's Central Bank ready to enter World Currency Markets, If asked, to defend the Hong Kong Dollar............................ South China Morning Post...................... FridayÿÿOctober 24ÿÿ1997 Beijing confident dollar stable China's Central Bank Governor, Dai Xianglong, has expressed confidence in the ability of the Hong Kong Monetary Authority to maintain the stability of the Hong Kong dollar. During a wide-ranging interview with Peter Seidlitz in Beijing, he also said China would help defend the currency if asked to do so by the SAR Government. Mr Dai said that Hong Kong's economy had "continued its robust growth and the situation remained very stable". He said international confidence in the HK dollar would return "in the near future". "I have full confidence in its stability," Mr Dai said. "I have not the least doubt about this fact." He said that as Hong Kong was an international financial market "any fluctuations of the international market will have an impact on Hong Kong. We are fully prepared for this kind of situation". He said China had the "resolution to deal with" any crisis and that the Central Bank in Beijing and the International Monetary Fund would support Hong Kong if the need arose. He also said the situation in Thailand could not be compared with Hong Kong as the "mismanagement of national economies in these countries" contrasted with the sober handling of the situation by Monetary Authority chief executive Joseph Yam Chi-kwong who would "stand vigilant" in this crisis.