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

To: Bob Strickland who wrote (34431)	7/17/1998 4:22:00 PM
From: John Rieman	Respond to of 50808

Earnings roundup.............................. techweb.com Roundup: C-Cube Surpasses Estimates (07/16/98; 8:43 p.m. ET) By Sergio G. Non, TechInvestor C-Cube Microsystems had a pleasant surprise for analysts in its second quarter earnings release on Thursday. In results released after market close, Milpitas, Calif.-based C-Cube (company profile) announced earnings of $10.7 million, or 28 cents a share, on sales of $82.5 million for the three-month period ended June 30. First Call analyst consensus was 24 cents a share. C-Cube [CUBE] shares rose 9/16 to 20 3/16 before the report. Net income was up 39 percent from $7.7 million in the second quarter of 1997. Growth largely was in communications products, including video encoders and chips for set-top boxes, company executives said. "The communications and the consumer recordable digital video markets are clearly the largest growth opportunities for us going forward," said Alexandre Balkanski, president and CEO. The company also announced that Walt Walczykowski was promoted from corporate controller to chief financial officer, replacing John Hagedorn, who resigned.