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

To: DiViT who wrote (35582)	8/29/1998 12:50:00 PM
From: John Rieman	Respond to of 50808

Com Stream gets new owners. C-Cube does need a cable modem chip................................ eet.com Posted: 11:45 p.m., EDT, 8/28/98 Spar sells ComStream to Radyne By Loring Wirbel TORONTO - Spar Aerospace Ltd. announced it would sell its San Diego subsidiary, ComStream Holdings Inc., to Radyne Corp. for $17 million. The deal involves $10 million cash and a $7 million convertible promissory note. Radyne, a member of the Singapore Technologies Group based in Phoenix, expects to take an R&D assumption one-time charge of $6 million, as well as a restructuring charge of $2.5 million. Radyne manufactures digital video modulators and satellite modems. ComStream, a developer of satellite modems, earth stations and digital set-top boxes, had been involved in many DSP programs for cable modems, until Rockwell Semiconductor Systems acquired the HiMedia division of the company nearly two years ago. Since then, ComStream had been searching for new applications for its remaining broadband subsystem and software products. Colin Watson, Spar president, said that Radyne's high-speed specialty modem business represented more of a complementary fit to ComStream's own business. The deal is expected to close on Sept. 30.