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

To: PaulW who wrote (34588)	7/22/1998 9:19:00 AM
From: BillyG	Respond to of 50808

Good news for PC-DVD -- CompUSA to sell DVDs.................... Navarre Corporation and CompUSA Sign Pact for Distribution of DVD Video MINNEAPOLIS, July 22 /PRNewswire/ -- Navarre Corporation (Nasdaq: NAVR) announced it will become the supplier of DVD movies to CompUSA Inc. (NYSE: CPU), one of the nation's leading retailers and resellers of PC products. This expands Navarre's current relationship that includes supplying a broad array of software products to CompUSA. Navarre will provide CompUSA with a "turn-key" DVD department for its 162 computer superstores nationwide. "This is a new and exciting product line for both Navarre and CompUSA. With the dramatic projected growth of the installed base of DVD ROM-equipped PCs and consumer electronics players, Navarre is uniquely poised to take advantage of this burgeoning convergence market. It is estimated that DVD products will account for over 20% of future home video sales. We estimate that Navarre's first year revenues from DVD products could eclipse an estimated $15 million," stated Ian Warfield, Vice President and General Manager - Computer Products Division. "We're excited about this partnership with Navarre which we believe will promote CompUSA's leadership position in the rapidly growing DVD category," said Larry Mondry, Executive Vice President of Merchandising at CompUSA. "We expect DVD to continue to gain popularity and be especially hot for the holidays." More.......... newsalert.com

To: PaulW who wrote (34588)	7/22/1998 10:35:00 AM
From: stockbug	Read Replies (1) \| Respond to of 50808

All I have to ask is why does this kind of stuff keep happening to CUBE and why does the company take a passive attitude about occurences such as this and guys like Greenberg. We as stockholders need to request answers and a more aggressive company policy for dealing with stuff when it happens. Other companies and the government have brought charges against short sellers who out right fabricate information so why doesn't CUBE react like other companies. At this point it couldn't make things worse but they keep taking this "it will go away attitude" and with it the stock price keeps going away.