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

To: VINTHO who wrote (25048)	11/10/1997 7:28:00 PM
From: DiViT	Read Replies (2) \| Respond to of 50808

VINTHO, re:8x8.... They were formerly known as IIT. ESS bought MPEG technology buy buying IIT's spun off VideoCore group. IIT changed its name to 8x8 and decided to focus on the Consumer Video Conferencing market. They have their own Video Conferencing Decoders. No Cube connection. Now tell me why would they do the following? 8x8, Inc. Announces Early Release of Remaining Shares Subject to Lock-Up SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 6, 1997--8x8, Inc. (NASDAQ:EGHT) -- a leading supplier of video conferencing technology and systems -- today announced that, effective November 10, 1997, NationsBanc Montgomery Securities, Inc., lead underwriter of 8x8's initial public offering, will release the lock-up restrictions on the remaining shares of 8x8 common stock subject to lock-up agreements. This release will apply to an aggregate of approximately 9,200,000 shares of 8x8 common stock, including vested and unvested options. Upon the lock-up release, these shares may be sold, subject to vesting in the case of options and subject to the resale restrictions of the federal securities laws. Nearly all of the outstanding shares of 8x8 common stock will be eligible for sale into the public market upon such release. About 8x8 8x8, Inc. is a manufacturer of video conferencing systems, semiconductors and software. 8x8's ViaTV Videophone systems provide low-cost videophone solutions by connecting 8x8's ViaTV to a consumer's existing television and touch-tone phone. The ViaTV uses simple on screen menus activated from the touch-tone keypad, so no extra remote control is necessary. No special phone line is required, and there are no extra charges to make a video call. All ViaTVs include snapshot, pan/tilt/zoom, auto answer and caller ID. ViaTV models with web browsing and e-mail capability are also available. The ViaTV line includes models with and without built-in video cameras. Cameraless models can be used with camcorders and digital still cameras to simultaneously deliver motion video and stored snapshots. ViaTVs are priced from $329 and are available at Staples, CompUSA, Fry's Electronics, J&R Computer World, FutureShop, GTE PhoneMarts and other retailers, including catalog merchants. 8x8 is headquartered in Santa Clara, California. For more information please call toll free 888/VIEW-8X8. -------------------------------------------------------------------------------- Contact: 8x8, Inc. Bonnie Johnson, 408/727-1885 bonniej@8x8.com