Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J Fieb who wrote (34633)	7/22/1998 6:57:00 PM
From: John Rieman	Respond to of 50808

The Bonds are C-Cube's long term debt. They still had a face value of $67.8M on June 30th. If they are buying more, they are paying less than $.90 to the dollar of face value. This was a good move. I hope they are still doing it. The announcement was better than an announced buy-back. It was a buy-back of almost 700K shares, and it already happened. A lot of buy-backs never occur. Another 2.4M shares to go............................. biz.yahoo.com Long-term obligations 67,814 88,331

To: J Fieb who wrote (34633)	7/22/1998 8:56:00 PM
From: Tim McCormick	Read Replies (1) \| Respond to of 50808

Here is how you do it. IPO about 50 mill worth of Cube chip segment. Spin off stock in dividend of 60% of chip segment less IPO stock to current shareholders. Change name of remaining company to Divicom which retains 40% of CUBE. Have the new Divi buy somebody like HLIT for combination stock and cash. Put converts in Cube and leave enough cash there w/ the 50 mill to tender for all the bonds. AB runs Cube, TL runs Divi. New Divi stock alone trades for more than current Cube. Tim