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

To: John Rieman who wrote (36657)	10/12/1998 4:04:00 PM
From: Don Dorsey	Respond to of 50808

(BSNS WIRE) C-Cube Aligns for Focused Growth; Semiconductor Division App C-Cube Aligns for Focused Growth; Semiconductor Division Appoints President Business Editors & Computer Technology Writers MILPITAS, Calif.--(BUSINESS WIRE)--Oct. 12, 1998--C-Cube Microsystems Inc. (Nasdaq:CUBE), announced today the appointment of Mr. Umesh Padval as president and general manager of its Semiconductor division. C-Cube's systems division -- DiviCom -- will continue to be led by Dr. Tom Lookabaugh, DiviCom's president and general manager. The two divisions as well as the finance and administration functions will continue to be led by Dr. Alexandre Balkanski, C-Cube Microsystems Inc.'s president & CEO. This structure will allow C-Cube's two divisions to focus their execution on sustained and defensible growth in the digital video marketplace. As president and general manager of C-Cube's Semiconductor division, Padval will manage all aspects of C-Cube's semiconductor business, which addresses both the communications and consumer markets for digital video. Padval joins C-Cube from VLSI Technology where he most recently served as senior vice president and general manager of the Consumer Digital Entertainment division. In this position, Padval managed all aspects of VLSI's set-top business, including operations management and strategic direction. Prior to this position, Padval served as senior vice president and general manager of the Computing Solutions division. Before joining VLSI, Padval worked for Advanced Micro Devices where he held a variety of marketing and engineering positions. Dr. Lookabaugh manages all aspects of C-Cube's systems division -- DiviCom. He co-founded DiviCom as vice president of research and business development in June 1993. Lookabaugh later served as senior vice president and general manager before his appointment to president and general manager in December 1997. Prior to co-founding DiviCom, Lookabaugh was executive director of research at Compression Labs Inc. (CLI). "As digital video further penetrates the communications and consumer markets, C-Cube must continue to quickly and flawlessly execute on critical emerging market opportunities in order for us to grow our market leadership position," said Dr. Balkanski. "Mr. Padval's strong track record in both semiconductor general management and in digital video provides us with the critical ingredients for strong operational leadership and strategic execution for our semiconductor division." About C-Cube Microsystems C-Cube Microsystems Inc. is an industry leader in the development and delivery of highly integrated digital video silicon solutions that address the communications and consumer markets. C-Cube is headquartered in Milpitas, California with offices in North America, Europe and Asia. Its stock is traded on the Nasdaq National Market under the symbol CUBE. C-Cube can be reached at 408/490-8000 or on the World Wide Web at c-cube.com. About DiviCom Inc. DiviCom is a wholly-owned subsidiary of C-Cube Microsystems Inc. DiviCom develops and integrates products that make digital video networking possible. Products include audio/video encoding, data broadcast solutions, network management systems, consulting and integration services. Based on the MPEG-2, DVB and ATSC international standards, DiviCom's products enable digital video broadcasting over a variety of networks including satellite, wireless, fiber, copper and cable. DiviCom is based in Milpitas, Calif. and can be reached at 408/944-6700 or on the World Wide Web at divi.com. Note to Editors: C-Cube and the C-Cube logo are registered trademarks of C-Cube Microsystems Inc. --30--slt/sf* cmf/sf CONTACT: C-Cube Microsystems Inc., Milpitas Mary Giani, 408/490-8628 (Corporate PR) mary.giani@c-cube.com Nick Kormeluk, 408/490-8052 (Investor Relations) nick.kormeluk@c-cube.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com