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


To: John Rieman who wrote (36671)10/12/1998 5:51:00 PM
From: Bob Strickland  Respond to of 50808
 
Here we go, the usual...

AFTER THE BELL - C-Cube<CUBE.O>falls in quiet day

NEW YORK, Oct 12 (Reuters) - Shares of C-Cube Microsystems Inc., which makes software for digital video networking, fell in after-hours trading Monday after the company's strong earnings report.

The shares traded at 16-1/4 on the Instinet electronic trading system, off 1/4 from its close on Nasdaq. The company said it had a third quarter profit of $13.0 million or $0.28 per share, excluding a $0.06 per share extraordinary gain, versus $9.7 million or $0.25 in the year-ago period.

The results of the Milpitas, Calif-based firm surpassed Wall Street expectations of $0.27 per share, according to First Call Corp.

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To: John Rieman who wrote (36671)10/13/1998 12:17:00 AM
From: Tim McCormick  Read Replies (1) | Respond to of 50808
 
The only things I can add to John's notes on the CC are:
DirectTV-LA could lead to more biz in Latin Am and N. Am. if Divi proves good vendor.
CUBE will be at Alex Brown conference tomorrow.

The two most important things said were:
Expect acceleration of sequential growth next quarter.
DVD bookings look good for next quarter.

I originally began following this stock because of the Divicom acquisition. Since then Divi revs have doubled. Now it looks like DVD might eventually replace VCD. I will consider selling in the 40s. My avg. cost is 19. How many other NASDAQ "chip" stocks have remained profitable lately? Tim