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

To: Stoctrash who wrote (32774)	4/28/1998 1:03:00 PM
From: PaulW	Read Replies (1) \| Respond to of 50808

Fred: I was also contacted. In the proxy statement for the annual meeting, they announced that they will solicit proxies - '....$7,000 in fees ... and will reimburse CIC for reasonable out-of-pocket costs." If I remember correctly, many years ago when Shearson was merged into American Express, even though management recommended approval, there were insufficient votes to approve the merger at the first meeting because share holders didn't bother to mail in their proxies. Maybe Cube wants to make sure the new Employee stock plan is approved at this meeting.:) Paul

To: Stoctrash who wrote (32774)	4/28/1998 1:05:00 PM
From: Bob Strickland	Respond to of 50808

When all else fails.... ESS Technology, Inc. Announces Intent of Chairman and Chief Executive Officer To Purchase Shares of Common Stock on Open Market FREMONT, Calif., April 28 /PRNewswire/ -- ESS Technology Inc. (Nasdaq: ESST) announced today that Fred Chan, the Company's President and Chief Executive Officer and his wife, Annie Chan, who is also director of the Company, plan to purchase at least $5,000,000 and up to $10,000,000 of ESS Common Stock. Mr. and Mrs. Chan have indicated they plan to purchase the shares in the open market from time to time in the near future. ESS Technology, Inc. is a leading supplier of PC audio and digital video solutions for the PC and consumer markets. ESS designs, develops and markets highly integrated mixed signal semiconductor and software solutions for multimedia applications. ESS, headquartered in Fremont, California, has sales and technical support offices in Austin and Houston, Texas; Irvine, California; Bellevue, Washington; Beijing and Shenzhen, China; Tokyo, Japan; Taipei, Taiwan; Seoul, Korea; and Hong Kong. ESS Technology is listed on the Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com. The matters discussed in this news release include certain forward-looking statements that involve risks and uncertainties, including volatility of stock price, dependence on key personnel and control by existing shareholders, as well as the other risks detailed from time to time in the SEC reports of ESS, including the report on Form 10-K for the year ended December 31, 1997. Actual results could differ materially from those projected in the forward-looking statements. /CONTACT: John Barnet, Vice President & Chief Financial Officer of ESS Technology, Inc., 510-492-1088/ c Copyright 1998, The Nasdaq Stock Market, Inc. All Rights Reserved. Please read our Disclaimer, Trademarks, and Privacy Statement.