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

To: Les Paul who wrote (34874)	8/3/1998 2:14:00 PM
From: DiViT	Respond to of 50808

C-Cube : Favorable buzz ... 08/03/98 ComputerWorld (Copyright 1998 by Computerworld, Inc. All rights reserved.) C-Cube : Favorable buzz Awarded an Emmy three years ago for its MPEG-2 technology contribution to digital television, C - Cube Microsystems, Inc. (Nasdaq:CUBE) now gets accolades from Wall Street analysts. C-Cube , in Milpitas, Calif., specializes in video compression technology. It's a player in a niche market of companies that develop systems and chips for digital video and communications applications. Competitors include Ess Technology, Inc. and Sony Electronics. And while C-Cube is a leader in video compression, these rivals offer broader product lines, says Elias Moosa of BankAmerica Robertson Stephens in San Francisco. Market analysts say C-Cube 's 1996 acquisition of DiviCom, its systems integration division, has helped its bottom line. And in China, C-Cube is on the leading edge of the VideoCD trend, a digital video standard. C-Cube 's revenue for the second quarter rose to $82.5 million from $71.1 million for the same period last year. Earnings per share were 28 cents, up from 21 cents per share, and 5 cents better than analysts' predictions, according to "The California Technology Stock Letter." That newsletter predicts analysts' estimates for the firm's earnings will rise over the next few quarters. Drake & Co., a New York research firm, has a Buy rating on C - Cube and holds a favorable outlook on the stock for the long-term. "A lot will depend on how the cable and digital video TV market shapes up in the U.S.," said Steven M. Frenkel, a market researcher at Drake. -- Roberta Fusaro