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

To: Maya who wrote (34808)	7/31/1998 11:26:00 AM
From: Stoctrash	Read Replies (4) \| Respond to of 50808

from Thestreet.com C-Cube, an update: Longtime readers will recall this column's many chapters in the saga of C-Cube Microsystems (CUBE:Nasdaq), a maker of chips used in multimedia applications. On one side was CEO Alex Balkanski and a host of active, cheerleading online message boards. On the other were the short-sellers. The most vocal critic was Marc Cohodes of Rocker Partners. The latest: Cohodes has closed out his short positions "because I just think the worst is over for [Balkanski]. His balance sheet has gotten better and his whole attitude about the business has changed." Cohodes, who lunched with Balkanski earlier this week, adds: "He's a whole lot more humble, more focused and more realistic. His days of hyping things on false hopes are long over, and he talks freely about how much he has learned in the past two years about trying to manage a biz that's in decline, and how tough it is to keep good people. And he now realizes that people in the media and others don't cause stocks to go down. What caused C-Cube's stock to go down was business being weaker. When managements figure that out, there's no reason left to be short." But not necessarily a reason to buy the stock, either; Cohodes, who also goes long, says he hasn't bought C-Cube. Balkanski, who presented a positive outlook at the Robertson Stephens chip conference earlier this week, declined to comment. ---------- Alex meets with a short seller,....yet won't comment??? "What were you doing Alex...and what is that paper bag in your hand??" Institutional friends are scratching their heads on this one. It's a bad thing when you meet with your oppenents and don't give a reason...and especially bad when you send the man most disliked by Wall Street. Alex they don't like you...get it??...send someone else. A phd does not factor in on pr.