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

To: BillyG who wrote (34872)	8/3/1998 12:23:00 AM
From: Chemsync	Respond to of 50808

Matsushita Electric Revving Up DVD Business TOKYO (Nikkei)-Matsushita Electric Industrial Co. has more than tripled production capacity at its digital video disc (DVD) subsidiary in California to 2 million discs a month. It will also raise domestic monthly output of DVD players to 100,000 units by the end of fiscal 1998, up from the 400,000 or so players produced the entire previous year, company sources said. The move is in response to growing demand for DVDs in overseas markets, particularly the U.S. Matsushita is also set to start DVD production in China this year. It hopes the moves will boost DVD-related sales to 40 billion yen in fiscal 1998, up from the 15 billion yen it earned in the previous fiscal year, the sources said. At its California plant, Matsushita has increased DVD production lines from two to eight, investing 200 million yen. The new lines, to be fully operational in September, will turn out products for sale in the local market as well as for export to Europe and Asia. In addition, Matsushita's optical disk division produces 600,000 DVDs a month at a plant in Osaka. The world market for DVD players is expected to reach 3 million units in fiscal 1998, of which Matsushita expects to take a 40% share. (The Nihon Keizai Shimbun Monday morning edition)

To: BillyG who wrote (34872)	8/3/1998 10:23:00 PM
From: VidiVici	Read Replies (1) \| Respond to of 50808

"The company replaces 5 per cent of its research and development staff each year to ensure a[n] influx of new ideas." Now there's job insecurity for you. Sounds like what the Romans used to do to their armies to keep the troops in line. Maybe it's just a way to put positive spin on normal turnover? If the EvilOverlords[tm] of the market have their way, CUBE is stuck between $17.50 and $20/$22.50 until August options expiration. What, me paranoid? Seen it too many times. I'll be happy to be proven wrong, at least to the upside. I'm long CUBE, but wish I'd sold more covered calls in past months to lessen the beating I've taken. calls: DESCRIPTION LAST BID ASK CHG HIGH LOW VOL OI SYM ------------- ------- ------- ------- ------ ------- ------- ------ ----- ----- C AUG98 15.0 1 13/16 1 3/4 1 15/16 -1/4 2 1 3/4 78 401 UQBHC C AUG98 17.5 1/4 5/16 7/16 -1/4 3/8 1/4 45 595 UQBHW C AUG98 20.0 1/16 1/16 1/4 -1/8 1/8 1/16 30 2085 UQBHD C AUG98 22.5 1/16 0 3/16 -1/16 1/16 1/16 28 1345 UQBHX C AUG98 25.0 1/16 0 3/16 0 0 0 0 615 UQBHE C AUG98 30.0 3/16 0 3/16 0 0 0 0 109 UQBHF puts: DESCRIPTION LAST BID ASK CHG HIGH LOW VOL OI SYM ------------- ------- ------- ------- ------ ------- ------- ------ ----- ----- P AUG98 15.0 1/4 1/8 5/16 0 0 0 0 656 UQBTC P AUG98 17.5 1 5/8 1 3/8 1 9/16 +7/16 1 5/8 1 1/2 200 2923 UQBTW P AUG98 20.0 3 7/8 3 1/2 3 3/4+1 1/16 3 7/8 3 7/8 5 747 UQBTD P AUG98 22.5 5 1/2 5 7/8 6 1/4 0 0 0 0 715 UQBTX P AUG98 25.0 8 3/4 8 1/2 8 3/4 +5/8 8 3/4 8 3/4 10 314 UQBTE P AUG98 30.0 8 5/8 13 1/2 13 7/8 0 0 0 0 25 UQBTF VidiVici