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

To: DiViT who wrote (34653)	7/23/1998 1:12:00 PM
From: Stoctrash	Respond to of 50808

Dish having problems too... Message 5283786

To: DiViT who wrote (34653)	7/23/1998 1:15:00 PM
From: BillyG	Respond to of 50808

This caught my eye in the Zoran release: Dr. Paul M. Farrelle, Vice President Engineering, Santa Clara Dr. Farrelle joins Zoran after serving as Vice President of Engineering at Zapex Technologies, where he led a team that designed and implemented high-quality MPEG-2 encoders and the world's first commercial Dolby Digital (AC-3) encoder for the post-production and broadcast markets. Previously, he spent over nine years at Optivision, Inc., most recently as Chief Technologist. During his tenure at Optivision, he led the compression activities and the transition of those activities to a successful commercial enterprise selling MPEG video-based systems for storage and transmission applications. Dr. Farrelle earned a B.A. in Electrical Sciences from Cambridge University, England; a M.S. and Ph.D. in Electrical Engineering and Computer Science from University of California at Davis.

To: DiViT who wrote (34653)	7/23/1998 1:53:00 PM
From: C. Niebucc	Read Replies (2) \| Respond to of 50808

Just read the Robbie Stephens report(s). The one on 7/17 where they state their case and the one on 7/20 where they appologize for using 44.3mm share instead of 41.5mm shares in their calculations. Key points in the correction report. - In correcting this error, the share count assumptions in our forcast will be reduced by about a million shares this year and by more than two million shares next year. - C-Cube bough back $19,2 million worth of its outstanding convertible debt during the quarter, which reduces the potential dilution effect on outstanding shares. - While we made modest changes to our revenue and gross margin forcast, our EPS forcast was artificially affected more negatively than those changes merited. (yeah, sure buddy) - Our new fully diluted EPS forecast for 1998 is $1.10, down from $1.17, but $0.05 higher than what we printed on Friday. Our new fully diluted forecast for 1999 is $1.46, up from $1.42, and higher than Friday. I loved this one. - We regret any inconvenience and confusion this created for C-Cube investors. Key points from the first report: - We are trimming our estimates to factor-in a more modest ramp in revenues and higher spending in R&D. (R&D that's where you put money to ensure your longevity, YOU DON'T PUT IN PR!!) --- And what about that communication problem, looks to me like Cube communicated the error Elias made to him right away. Now I gotta ask. How many shares did RS buy between the first report (7/17) and the correction (7/20)... Elias has P/E at 17.2 for 1998 and 12.9x estimated for 1999. I tell ya what, somethings gonna have to give... Also, I looked high and low through the report for negative cash flow as RareBird has claimed in the past. You'll be glad to know he's full of bird doo on that one. Did you notice his profile says "Patient long term investor"? Elias has Cube has an 8am slot July 29th at RS Semi conference, also slated the same day, STM, TI, LSI, TSMC and Chromatic. Curiously missing is ESST. -CN