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

To: BillyG who wrote (35645)	9/2/1998 11:25:00 AM
From: PaulW	Read Replies (1) \| Respond to of 50808

Optibase Launches VideoPlex XPress for Video-in-a- Window Playback SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 2, 1998--Optibase today announced VideoPlex XPress, its new high-quality, video-in-a-window MPEG-2 decoder for Windows 95, 98 and NT. Uses ZRAN chip biz.yahoo.com

To: BillyG who wrote (35645)	9/2/1998 12:28:00 PM
From: DiViT	Respond to of 50808

For all you Cube old timers out there, remember Rafferty?.... biz.yahoo.com Totally Hip Signs Letter Of Intent To Significantly Expand Web Design Product Line Through Acquisition Of Private Silicon Valley Firm Deal Adds Proven Industry Veteran and Six Innovative New Windows Web Design Tools VANCOUVER, Sept. 2 /CNW-PRN/ - Totally Hip Software Inc. Trading Symbol: THW: ASE Totally Hip Software Inc. (THW: ASE) today announced that it has signed a letter of intent to acquire 100% of James Rafferty's private software development company, including six new Windows 95/98/NT based Web design tool products and key software technologies. Mr. Rafferty is a proven software industry veteran with multiple software ventures and innovative products to his credit. He will become a key member of Totally Hip's software engineering team and the Company plans to introduce these new Windows products over the next year on both the Windows and Apple Macintosh platforms for maximum market penetration. ''This acquisition is the first phase in our strategic plan for rapid growth over the next year and the economics are incredibly compelling. We instantly add a proven industry veteran to our team and acquire six new Web design tools to complement our award winning WebPainter product line,'' said Brian Leeners, President & COO, Totally Hip Software Inc. ''Recently, certain industry giants have stated that they miscalculated the Web design tool market and we see this as an opportunity to accelerate our plans to become a dominant player in this high-growth market. James Rafferty is a proven team player and has the expertise to build high-quality, reliable software products that command customer loyalty and brand recognition. Instead of acquiring a much larger Company with an unproven track record this deal minimizes our risk and any disruption to our continued in-house product development process. This deal offers us the best opportunity for a neutral to positive impact on earnings within a short period of time.'' ''I had other opportunities which provided outright cash offers but being part of the Totally Hip team means more to me over the long term since I'll be part of their team and a shareholder,'' said James Rafferty. ''Creativity and new ideas are the engines of growth and most importantly, revenue growth. My goal was to be part of an innovative group, with a certain culture, that has a proven history of successfully meeting customers' needs. Totally Hip has the most growth potential of any company I have seen in this Industry and I believe it can react more quickly to market changes to remain competitive. This opportunity is a powerful way for me to deploy and grow my assets with a team and this acquisition will surely benefit Totally Hip's long term shareholders.'' Mr. Rafferty was the founder, Chairman and visionary of Cricket Software, makers of the popular Cricket line of software products including CricketGraph, CricketDraw, CricketPresents, CricketPaint, Cricket Expression, StatWorks, and the Computer to Slides technology used by Cricket Presents which was later used in (Aldus) Adobe Persuasion. Cricket Software was acquired by Computer Associates in 1989 and at that time had over 50 engineers working on Macintosh and Windows products. He later founded Commotion where he developed software only compression/decompression technology that was sold to Microsoft, Silicon Graphics and Media Vision. The Microsoft version became Microsoft Video 1 Codec in the first release of Video for Windows. He was also a co-founder and VP of Software Engineering at C-Cube Microsystems Inc. [Nasdaq:CUBE - news] where he was responsible for the software development team that engineered the software implementation of the JPEG algorithm. He was instrumental in getting Adobe to adopt JPEG in PostScript Level II. At this time, Totally Hip's management and directors will disclose that the cost of this acquisition will be for a combination of free trading and escrow common shares, with the majority held in escrow under the same performance terms as the original co-founders. The Company and James Rafferty have signed a letter of intent and will finalize the acquisition details and obtain the required regulatory approval to complete this transaction by the end of October. At this time, the Company will not disclose certain details of the products and technologies for confidential and competitive reasons and terms of the deal will be disclosed to shareholders when all regulatory approvals have been granted. Mr. Rafferty is now working as part of the Totally Hip team being created in the Silicon Valley. Totally Hip Software Inc., founded in 1995, designs, develops and markets award-winning Web multimedia software and technology including WebPainter(TM) animation software and Totally Hip's Hip Clips(TM) professional animation content. The Company is traded on the Alberta Stock Exchange (ASE:THW). (c) 1998 Totally Hip Software Inc. All rights reserved. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE. SOURCE: Totally Hip Software Inc.