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

To: CPAMarty who wrote (32597)	4/23/1998 1:01:00 AM
From: JPM	Read Replies (1) \| Respond to of 50808

From the mouth of Fred Chan, CEO of ESST: "We are disappointed with our current video business in the China market. [Read, we are not selling VCD very well.] We are experiencing intense price competition [which we incidentally started 12 months ago] and slow seasonal demand [because everyone is buying C-Cube's chips]. After a recent review of the [vast] China market, we decided to initiate a more aggressive marketing program for our video products which resulted in substantial inventory reserves for video products [Read between the lines: It is apparent that we cannot sell our inferior VCD units because they stink when compared to CUBE's. We may have to exit the market.]" Now from the mouth of Alex B., CEO of C-CUBE, aka, the C-Dog: "C-Cube performed [extremely] well this quarter [especially when you consider what we are doing to the competition]". Jp