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

To: Rarebird who wrote (36626)	10/10/1998 2:31:00 PM
From: stak	Read Replies (2) \| Respond to of 50808

rarebird: i dont have quite the same enthusiam for gold that you have. a couple comments. in japan korea and taiwan, i know that most people aren't considering gold as a safe harbour for the turbulent markets. their generally positive feelings about gold have changed. also , with the way things are in russia , i feel that they will continue to liquidate their gold hoard as they are able. do you know how much gold is left in the piggy bank there? i also feel more selling by the central banks of europe is quite possible even likely. this will dampen the upside of gold. gold producing countries like australia and canada have sold off significant amounts of their gold reserves due to a lack of performance of gold(0% income vs. a few % for treasuries). anyway just my opinion. could you offer some comments on the following article? stak ---------------------------------------------------------------------- forbes.com Don't let 'em scare you out of stocks LAST ISSUE I said I thought we had a correction, not a bear market. I still think so. Here are my reasons: First: It's rare that bear markets start out with a big break like the one we've had. They usually begin gently to lull people into complacency. Second: The U.S. bond market is strong and interest rates are benign. Most bear markets are preceded by a nice long period of either rising short-term interest rates, rising long-term rates or both. Third: In the past when bear markets began without rising interest rates, the dollar was weak. The dollar has been strong. Bear markets rarely develop when there is lots of liquidity around. And there is now, because the Federal Reserve is creating lots of it by printing money aggressively. Even more liquidity is coming here from overseas where the dollar is strong. Fourth: Recall history and my "third-year-of-a-President's term" rule, showing how 1999 should be a good year (see my May 4 column). Bear markets generally take a long time, and there isn't time for one between now and a good 1999 market. Fifth: All the media talk is similar to what we've heard for almost a year now. Asia. Now Latin America and Russia. Monica. High P/Es. All old. As I wrote on Mar. 13, 1995, in one of my alltime favorite columns, old and widely circulated arguments lose their power. As I said: "Bearishness may yet be vindicated, but you will need new fuel to justify it." Sixth: People have a hard time fathoming how big the economies are in the U.S., Western Europe and Japan. And how small everything else is. In the rest of the world there are many bodies and little economies. If you take all those countries and aggregate their real international trade, Russia and China included, it looks like several dozen major U.S. firms. A major downdraft in all those places at once would look about like a major industrial sector rotation here (of which we've had many over the decades). It would likely cause the Fed to cut interest rates early next year, and we would move on. Shy of a Russian revolution that put nuclear weapons into the hands of whackos, there really isn't a there there. Seventh: Politics look good. The elections now seem assured of providing us more gridlock. Bullish. So don't let the correction scare you out of stocks. Use it as an opportunity to buy stellar European firms like...

To: Rarebird who wrote (36626)	10/10/1998 4:31:00 PM
From: John Rieman	Respond to of 50808

GI and Scientific-Atlanta won't buy C-Cube encoders, if they have a choice. Not only is Divicom competing for their business in satellite and wireless, now they are going after the US cable market........... multichannel.com October 09, 1998 Pioneer Tackles GI, S-A Tokyo -- Pioneer New Media Technologies is on a fast track to provide a second type of digital-video-security system for U.S. and international cable systems. The vendor said MSOs need an alternative to the General Instrument Corp./Scientific-Atlanta Inc. "stranglehold" on critical signal-security methods. The move partly reflects Pioneer's planned response to MediaOne Group's request for digital-video-equipment proposals, issued Sept. 25, executives said during a briefing at the manufacturer's headquarters here. It also builds on Pioneer's late-summer announcement that it will team up with Canal Plus, C-Cube Microsystems Inc. and DiviCom Inc. to create an open, interoperable digital-video system, which includes conditional access and encryption. "We wanted to break our dependencies on S-A and GI," said David Nicholas, executive vice president of sales and marketing for Pioneer, adding, "As part of that, we did an assessment of the best potential partners to break the dependencies -- people who complemented us, but who weren't competitors." What will come out of that is conditional-access and headend-control gear based on Canal Plus' "MediaGuard" technology, and a companion set-top made by Pioneer, said Tim Takahashi, president of Pioneer Digital Technologies Inc. MSOs familiar with Pioneer's plans -- via a shortlist of private, one-on-one briefings conducted over the summer -- said they were pleased to see a new entrant in the mix. - 10/9/98

To: Rarebird who wrote (36626)	10/12/1998 12:27:00 PM
From: Helios	Respond to of 50808

Rarebird Since you brought it up a short history of the bubble can be found at is.dal.ca. South Sea stock had been at 175 pounds at the end of February, 380 at the end of March, and around 520 by May 29. It peaks at the end of June at over 1000 pounds (obviously a psychological barrier in that four-digit number). With credulity now stretched to the limit and rumors of more and more people (including the directors themselves) selling off, the bubble then bursts. To be accurate, it suffers a puncture and begins a slow, very slow at first, but steady deflation. By mid August the bankruptcy listings in the London Gazette reach an all-time high, an indication of how people bought on credit or margin. Thousands of fortunes are lost, both large and small. The directors attempt to pump-up more speculation. They fail. The full collapse comes by the end of September when the stock stands at 135 pounds. BTW I don't agree that $300 represents a psychological barrier to gold but rather a fundamental one, $300 being roughly the cost to mine the stuff from a high yielding mine. These days gold is just another commodity and is subject to the same deflationary pressures that the rest of them are experiencing. For these reasons, while $345 is possible $500 is out of the question. Gold is a hedge against inflation not deflation.