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


To: Stoctrash who wrote (24576)10/29/1997 2:22:00 AM
From: JPM  Respond to of 50808
 
Just as a side note... today's market evidently made up its mind about our beloved competition, ESST and their InnovaCon partner.

ESST... up 5/8 after making a new 52 week low...
MPEG (innovacom)... bid down to 2 5/16... ouch...

Jp



To: Stoctrash who wrote (24576)10/29/1997 7:47:00 AM
From: CPAMarty  Read Replies (1) | Respond to of 50808
 
Zacks Investment Research, Inc. recently upgraded CUBE to a buy
source www.zacks.com



To: Stoctrash who wrote (24576)10/29/1997 1:28:00 PM
From: DiViT  Respond to of 50808
 
Cube custome ChangHong turning up the volume....

SOUTHWEST CHINA'S CHANGHONG CO BECOMES COLOR TV GIANT
ÿ
10/22/97
Asia Pulse
(c) Copyright 1997 Asia Pulse PTE Ltd.
ÿ

CHENGDU, Oct 22 Asia Pulse - After completion of the recent technical renovation and expansion, the Changhong Electronics Group in southwest China's Sichuan Province has attained an annual capacity of producing 6.5 million color TV sets per shift. It thus becomes the world's seventh largest manufacturer of color TV sets.

According to Ni Runfeng, board chairman and general manager of the group, it has taken over three state-owned enterprises in the past year.

The Jilin Changhong Electronics Co., Ltd. which was transformed on the basis of the previous Changchun No. 1 Radio Plant and the Nantong Changhong TV Sets Co., Ltd. transformed on the basis of the previous Nantong Sanyuan Electronics Co., Ltd. have started to produce color TV sets designed by the group after technical renovations.

In addition, the Hong Tai Yang (Red Sun) No. 1 Project in Mianyang City, which the group has invested to build in Sichuan Province with an annual capacity of producing over two million large-screen colour TV sets, will go into operation in 1998. The group's production capacity will then reach 8.5 million sets.

The group has adopted a series of measures to expand its market share.

According to Ni, the group had sold out all its inventory of color TV sets by early October this year and its market share in China has risen to over 30 percent. In the first eight months of this year, the group produced over 4.1 million TV sets and realized an industrial output value of 15.4 billion yuan, up 41 and 72 percent, respectively, from the same period of 1996.

Sales revenue and pre-tax profit of the group in the period grew by over 80% from the year-ago period.

The group is diversifying its products to meet future challenges. Its annual production capacity of remote-controlled air conditioners and VCD players will reach 500,000 and three million sets in 1998.