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

To: J Fieb who wrote (33869)	6/16/1998 12:56:00 AM
From: DiViT	Read Replies (1) \| Respond to of 50808

On a curious note... Microsoft sells Softimage to Avid By Jeff Pelline Staff Writer, CNET NEWS.COM June 15, 1998, 5:05 p.m. PT Here's a switch: Microsoft is selling a company, not buying it. The software giant said today it would sell Softimage, a digital media business, to Avid Technology. Microsoft will keep a minority stake in Avid. According to Avid, the deal is valued at $285 million in cash and stock. Upon completion of the deal, Microsoft will own about 9.1 percent of Avid's outstanding stock. It has agreed not to buy any more stock for five years, as well as maintain its investment for a minimum of three years. "Avid is a better partner, because it's in that space," a Microsoft spokesman said. The software giant bought Softimage about four years ago, and it was approached by Avid about selling it, he added. Softimage's workers will remain in the company's Montreal headquarters. Both sides expect to close the deal in July. In April, Microsoft introduced a new multimedia file format strategy for Windows, meant to replace the so-called Audio Video Interleaved format. The new format was developed by Microsoft along with Adobe Systems, Avid Technologies, Digidesign, and Softimage. During the past year, Microsoft has been expanding into the multimedia industry, through investments in Progressive Network Solutions and VXtreme. Industry executives and analysts have speculated that some of these video-streaming deals may have drawn the scrutiny of antitrust regulators. Microsoft said today's announcement has nothing to do with any possible antitrust investigation. news.com

To: J Fieb who wrote (33869)	6/16/1998 8:41:00 AM
From: BillyG	Read Replies (3) \| Respond to of 50808

C-Cube Video Solution Powers Acer's First DVD Player MILPITAS, Calif.--(BUSINESS WIRE)--June 16, 1998--C-Cube Microsystems Inc. (NASDAQ:CUBE), the market leader in digital video technology, today announced that Acer Incorporated will use C-Cube's ZiVA(tm) technology to enable its entry into the fast-growing DVD player market. By leveraging ZiVA's single-chip solution for highly-integrated DVD playback functions, Acer will have the capability to deliver the highest quality playback of DVD video to the growing home theater enthusiast market. "In offering our first Acer DVD player, it was important to choose partners that could help us offer the highest quality for the consumer and also allow us to get to market quickly," said Isan Ho, director of Acer's Consumer Product Business Unit. "C-Cube's ZiVA decoder empowers our DVD player with the great quality in DVD video and audio playback that's driving consumer demand, and at the same time assures Acer a speedy and smooth entry into this market." "As a well respected company in the computer field, Acer is extending their scope to the consumer market at a critical time," notes Moshe Molcho, vice president and general manager of the Consumer Division for C-Cube Microsystems. "We are proud to be chosen by Acer and look forward to their success in the DVD player market. C-Cube's worldwide leadership in delivering compelling digital video solutions continues to help us earn design wins with top-tier consumer and PC product providers." Acer has strong visibility in the consumer electronics and PC markets with products such as AcerAspire(tm) home PCs, AcerView(tm) monitors as well as Acer peripherals. With sales of $5.9 billion, Acer is the third largest consumer PC manufacturer in the world. About C-Cube's ZiVA Decoders ZiVA DVD decoders are designed to fuel the development of value-add DVD playback solutions for the consumer electronics and PC markets. ZiVA DS and ZiVA D6 single-chip solutions offer OEMs the lowest overall system cost and fastest time-to-market with many critical functions for video decoding on DVD players. These features include MPEG-2 video decoding, Dolby Digital decoding, CSS authentication and descrambling, sub-picture decoding, on-screen display, linear PCM audio decoding, demultiplexing and audio/video synchronization into a single chip. ZiVA's flexibility stems from the programmable microcode architecture and its high-level advanced API which provides the tools necessary to deliver the ideal solution for DVD players. About C-Cube Microsystems C-Cube Microsystems Inc. is the industry leader in the development and delivery of highly integrated digital video silicon solutions that address the consumer electronics, communications and computer markets. C-Cube is headquartered in Milpitas, California with offices in North America, Europe and Asia. Its stock is traded on the NASDAQ National Market System under the symbol CUBE. C-Cube can be reached at 408/490-8000 or on the World Wide Web at c-cube.com. CONTACT: C-Cube Microsystems Public Relations Molly McCarthy, 408/490-8017 molly.mccarthy@c-cube.com