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

To: Stoctrash who wrote (24686)	10/31/1997 4:34:00 PM
From: BillyG	Respond to of 50808

Pinnacle is going public. A CUBE customer...................... Pinnacle Systems Announces a Public Stock Offering October 31, 1997 MOUNTAIN VIEW, Calif. Oct. 29 /PRNewswire/ via Individual Inc. -- Pinnacle Systems, Inc. (Nasdaq: PCLE) announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2,300,000 shares of Common Stock, of which 2,000,000 shares will be offered by the Company and 300,000 shares will be offered by selling shareholders. The Company will not receive any of the proceeds from the sale of shares by the selling shareholders. The Company has also granted the Underwriters an option to purchase up to an additional 345,000 shares to cover over-allotments, if any. Pinnacle Systems' Common Stock is traded on the Nasdaq National Market, under the symbol PCLE. Hambrecht & Quist LLC, Piper Jaffray Inc., and Volpe Brown Whelan & Company, LLC will co-manage the underwriting. Once available, a copy of the prospectus relating to the offering may be obtained from Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, 415-439-3300, or 230 Park Avenue, New York, NY 10169, Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, MN 55402, 612-342-6000, or from Volpe Brown Whelan & Company, One Maritime Plaza, 11th Floor, San Francisco, CA 94111, 415-956-8150. Pinnacle Systems designs, manufactures, markets and supports computer- based video post-production products to serve the broadcast, desktop and consumer markets. The Company's products incorporate specialized real time video processing technologies to perform a variety of video post-production functions such as the addition of special effects, graphics and titles to multiple streams of live or recorded video material. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. SOURCE Pinnacle Systems, Inc. /CONTACT: Blake Roberts, Pinnacle Systems PR, 650-237-1851, broberts@pinnaclesys.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 109537/ (PCLE) [Copyright 1997, PR Newswire]