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To: John Rieman who wrote (26669)12/14/1997 8:03:00 PM
From: CPAMarty  Read Replies (2) | Respond to of 50808
 
Thank you for all the info on CUBE!

Is Shenzhen SAST the Chinese DVD OEM in mentioned in your post (the one that is a CUBE customer and might produce a million DVD units in 1998)?
Do you think this will cannibalize CUBE's VCD business?



To: John Rieman who wrote (26669)12/15/1997 9:53:00 AM
From: BillyG  Read Replies (1) | Respond to of 50808
 
Dazzle contest for digital video clips made using a CUBE-based MPEG1 codec system. FredE, you should submit the Big-D video..........

Home Video Moviemakers Can Use Their Computers to Turn Holiday Videos into Prizes; Dazzle Multimedia Announces America's Most Dazzling MPEG Video Contest

FREMONT, Calif.--(BUSINESS WIRE)-- Dec. 15, 1997--Beginning Dec. 15, 1997, Dazzle Multimedia will give home video moviemakers the opportunity to compete for over $10,000 in prizes as part of the company's "America's Most Dazzling MPEG Video Contest."

Amateur shutterbugs can submit home video clips electronically in one of five categories, including humorous, animals, children, artistic/creative, and most amazing. "America's Most Dazzling MPEG Video Contest" will be a truly high-tech affair. Contestants will use their computer, camcorders (or existing video tapes), and a video computing device to electronically capture and edit their home movies.

The digital MPEG videos can be submitted to Dazzle Multimedia in one of three ways -- via the Dazzle Multimedia web site, by simply attaching their MPEG-1 video clip to an e-mail message, or by regular mail on a disk or CD-Recordable (CD-R).

Dazzle Multimedia's products, Dazzle and Snazzi, can be used to capture TV quality movies (30 frames per second) with CD quality sound from any video source including a camcorder, VCR, TV, laserdisc or DVD. Once the high quality video is captured and stored in a computer, it can be easily edited, managed and even sent over the Internet.

Dazzle and Snazzi use the industry standard MPEG-1 compression format based on the MPEG (Motion Pictures Expert Group) international standard which has been adopted by industry leaders such as Microsoft, IBM, DEC, Sony and Hitachi. MPEG-1 produces the smallest possible files, while preserving the sharpest and clearest video quality and superior sound.

"Most families have hours and hours of home videos languishing in boxes or drawers," said David Taylor, president of Dazzle Multimedia. "They're just starting to discover how easy and affordable it is to put high quality video into their computers and bring it to life. With Dazzle and Snazzi, they can make an edited compilation of all the kids' birthday parties, send a holiday video greeting card via e-mail to Grandpa and Grandma, and edit and add special effects to their vacation videos.

"And by placing their videos on the computer or copying them to a CD-R, they can preserve those priceless memories forever. They don't have to worry about fading colors or completely losing those memories to deteriorating video tape."

Each month, Dazzle will be showing the top five monthly video winners and runners up in each category on the Dazzle Multimedia web site. Anyone can see the videos judged the best in each of the five categories by simply visiting www.dazzlemultimedia.com .

America's Most Dazzling Video Contest begins on Dec. 15, 1997 and ends on March 31, 1998. Videos must be submitted as MPEG-1 compressed files and can be no longer than one minute in length. Monthly winners will be selected in each of the five contest categories and will receive a CD-Recordable drive, a $399 value.

One of these five videos will also be selected as the best overall monthly video, and its owner will receive a Sony DVD player, a $699 value. One grand prize winner will be selected from one of the monthly best overall video winners. Dazzle Multimedia will award the grand prize, a $4,000 Sony DVD home theater system on April 20 in a special live webcast event.

To enter the contest, people must capture and edit their video clip as a digital MPEG-1 file and send it by one of the following methods:

-- E-mail: Attach the video to an e-mail message which includes the entrant's name, mailing address, and phone number, and send it to contest@dazzlemultimedia.com .

-- Internet: Access the Dazzle Multimedia Web site at dazzlemultimedia.com . Go to the "America's Most Dazzling MPEG Video Contest" page and follow the instructions for submitting a video on-line.

-- Regular mail: Copy an MPEG-1 file to a 3.5" diskette, zip disk, or CD-R, and mail it, along with a card stating the entrant's name, mailing address, and phone number, to: Dazzling Video Contest, Dazzle Multimedia, 45778 Northport Loop, Fremont, CA 94538.

More information and a complete list of contest rules are available at local computer and electronics stores carrying Dazzle Multimedia's Dazzle and Snazzi products, including CompUSA, Fry's, Egghead, Tiger Direct, J&R Music World and T-Zone. Call Dazzle Multimedia at 1-888/436-4348 or check the Dazzle Multimedia web site at www.dazzlemultimedia.com for a complete listing of retail locations across the United States and Canada.

About Dazzle and Snazzi

Dazzle and Snazzi allow home and business users to add true digital quality, full motion video to their favorite Windows 95-based entertainment and business applications to create full-screen movies and multimedia projects quickly and easily. Dazzle is an easy to install 5.25" x 3" external adapter that snaps directly onto a computer's parallel port in seconds. Snazzi is a PCI add-in card.

Both products use a friendly five button on-screen software control panel that's easier to use than the typical TV remote control. Users can preview and see recorded images instantly. Both products allow users to capture video and snapshots from any video source including a camcorder, VCR, TV, laserdisc or DVD. Dazzle has a suggested retail price of $299 and Snazzi's suggested retail price is $399.

About Dazzle Multimedia

Dazzle Multimedia, formerly LA Vision, is a privately-held company with headquarters in Fremont, Calif., develops and markets personal video computing products that let the mainstream user quickly and easily capture, edit, manage and communicate full motion video and still images. The company's products, Dazzle and Snazzi, are based on the MPEG-1 standard which provides the highest quality video and allows for seamless integration of stills and videos into popular Windows applications. Dazzle Multimedia leverages technology from Digital Equipment Corporation (NYSE:DEC) and C-Cube (NASDAQ:CUBE).

Dazzle Multimedia is located at 45778 Northport Loop West, Fremont, CA 94538. Dazzle Multimedia can be reached at 1-888/436-4348, 510/360-2300, or via fax at 510/623-5894 or via the Internet at dazzlemultimedia.com . -0- Note to Editors: Dazzle Multimedia, Snazzi and Dazzle are trademarks of Dazzle Multimedia, Inc.

--30--jh/sf* ba/sf

CONTACT:

Stirling & Karbo

Danielle Tatman, 650/513-0977

dtatman@skco.com



To: John Rieman who wrote (26669)12/15/1997 3:41:00 PM
From: DiViT  Respond to of 50808
 
NUKO sells out....

Coyote Network Systems to Acquire NUKO Information Systems To Deliver Voice, Data, Video Solutions
ÿ
12/12/97
PR Newswire
(Copyright (c) 1997, PR Newswire)
ÿ

Engages Arthur Anderson as Independent Accountants

CALABASAS, Calif., Dec. 12 /PRNewswire/ -- Coyote Network Systems, Inc. (OTC Bulletin Board: CYOE) today announced it has signed a letter of intent to acquire NUKO Information Systems, Inc. (OTC Bulletin Board: NUKO), in a stock-for-stock deal valued at approximately $20 million, based on Wednesday's closing price of Coyote's common stock. The final price will be determined by the price of Coyote's common stock at the date of closing. NUKO is a provider of broadcast quality products and solutions for digital video networking.

Under terms of the agreement, for every ten shares of NUKO common stock, NUKO shareholders will receive one share of Coyote common stock plus warrants for the purchase of one and one-half shares of Coyote common stock at an exercise price of $5.00 per share. Existing NUKO warrants and options are convertible into two and one-half Coyote warrants at a 10:1 ratio.

It is anticipated that the merger will be treated as a tax-free exchange. The merger is subject to the approval of the Boards of Directors of both companies, NUKO stockholders, and to other customary conditions, including various regulatory consents. It is expected that the merger will be completed in the first quarter of 1998.

NUKO's Board of Directors has agreed to recommend the merger to its stockholders. NUKO has also agreed to pay Coyote a break-up fee if the merger agreement is terminated under certain conditions.

"The convergence of voice, data and video will bring about a fundamental change in the way we live. The acquisition of NUKO is a step towards our goal to deliver total systems solutions that enable our customers to enter new markets with revenue-generating services," said James J. Fiedler, chairman and chief executive officer, Coyote Network Systems. "NUKO's broadcast quality digital video networking technologies are critical components for the delivery of video services, such as super trunking, distance learning, telemedicine, teleconferencing, and entertainment industry applications, using MPEG -2 standards with ATM transmission facilities.

"We will continue to develop relationships with companies that have complementary technologies, services and/or established sales and marketing channels, that are strategically aligned with our core telecom equipment and service business," Fiedler added.

NUKO has approximately a 30% beneficial ownership in Internext. Based in Santa Clara, CA. Internext is currently developing a "next generation" single video chip, designed to significantly reduce costs, while improving performance and reliability compared with current video chip sets. NUKO has exclusive marketing rights for the chip in specific markets.

"The era of convergence and digitization of all content presents tremendous opportunities to deploy cost effective broadband video networking solutions. The merger with Coyote Network Systems better enables us to deliver on our strategy to provide commercial and residential video networking products and services that meet the growing demand for video solutions," said Bob Kondamoori, president and chief executive officer, NUKO Information Systems. "Together, we can offer our customers a wider variety of revenue-generating voice, data and video solutions."

NUKO has announced strategic alliances with ADC Telecommunications, Cisco Systems, Korea Network Corporation, Nortel and Oracle for the delivery of end-to-end video networking solutions.

Coyote Network Systems, Inc. also announced that it has engaged Arthur Anderson LLP as its independent accountants. "The engagement with Arthur Anderson continues to support our growth plans and our commitment to our shareholders," Fiedler stated.

About Coyote Network Systems

Headquartered in Calabasas, CA, Coyote Network Systems, through its subsidiaries, provides telecommunications switching systems for use in public switched telephone networks and private data networks, and installs, services and resells customer premises equipment for use in voice and data networks. The Company's core telecom business, Coyote Technologies, provides scalable switching solutions that enable telecom and Internet service providers worldwide to expand into new markets and generate new local, long distance and Internet revenues.

For more information about Coyote Network Systems and Coyote Technologies and its products, please call 1-888-88COYOTE, or visit our Web site at coyotenetworksystems.com and coyotetechnologies.com.

About NUKO Information Systems

NUKO Information Systems, Inc., headquartered in San Jose, CA, is a provider of technology which enables end-to-end networking of broadcast quality video. NUKO's Intelligent Broadband Service Network (IBSN) solution uses open-systems, standards-based MPEG -2 methodology. These products enable users to digitally encode, compress, transmit, decode and store video signals for a complete range of applications including distance learning, telemedicine, broadcasting, conferencing, entertainment and authoring.

Safe Harbor

The statements in this news release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Such factors include, but are not limited to, actual and potential competition, risks associated with consolidation in the industry and with international expansion, general and economic conditions, the need to manage growth, and certain product, technology and regulatory risks. For more information, please refer to the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

/CONTACT: Tony Squeglia of Coyote Network Systems, 818-878-5085, or asqueglia@aol.com/ 07:30 EST