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

To: DiViT who wrote (38526)	1/22/1999 6:40:00 PM
From: BillyG	Respond to of 50808

<<I really think Helen has it right.>> She was, but my post was earlier. ;-) Message 7422850

To: DiViT who wrote (38526)	1/22/1999 7:03:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Lotsa techs down today............ techweb.com Earnings Worries Send Techs Down (01/22/99, 5:25 p.m. ET) By Sergio G. Non, TechWeb Technology stocks almost overcome a rough start to finish up Friday -- almost. After a steep initial plunge fueled by disappointment over some companies' earnings, the Nasdaq Composite Index came back to trade at or near positive territory for most of the afternoon, but a sell-off in the final hour sent the tech-heavy index down to close at 2338.88, a loss of 5.84. The Dow Jones Industrial Average, dragged down by IBM, fell 143.41 to 9120.67. TCI Satellite [TSATA] fell 1 15/32 to 1 3/32 as the most active stock on U.S. markets. The company owns 37.5 percent of direct satellite broadcaster Primestar, which said it will sell its assets to General Motors' Hughes Electronics division, whose DirecTV subsidiary is the largest DBS company in the United States. Shares of Hughes Electronics [GMH] advanced 1 7/8 to 46 5/8. IBM [IBM] plunged 17 1/4 to 179 3/4 as the most active issue on the New York Stock Exchange. Although Big Blue beat analysts' fourth quarter earnings forecasts, a hardware sales drop of 1.5 percent contributed to lighter revenue than many investors expected. Sun Microsystems [SUNW] slipped 1/4 to 98 after posting second quarter earnings slightly better than First Call's consensus forecast. The provider of servers, workstations, and Java said it expects growth to accelerate in the second half of fiscal 1999, and announced a two-for-one stock split. Direct-sales computer maker Gateway [GTW] moved up 4 9/16 to 62 9/16 after reporting fourth quarter earnings ahead of estimates. BMC Software [BMCS] gained 5 3/8 to 43 15/16 on volume of almost 18.6 million shares. Investors took heart from the mainframe-software provider's better-than-expected third quarter report. Andy Chen's favorite Wind River Systems [WIND], which creates software-development tools and operating systems for embedded devices, tumbled 17 5/16 to 32 3/16 on concern it will miss analysts' fourth quarter estimates. Iomega [IOM] slipped 1 to 8 after reporting fourth quarter earnings that were higher than expected. The maker of the popular Zip storage drives announced a restructuring and said two executives have left the company. Sybase [SYBS] 1 3/4 to 10 5/16. The database vendor reported fourth quarter results that topped forecasts. A trio of IPOs did well Friday. Graphics chip-set maker Nvidia [NVDA] rose 7 11/16 to 19 11/16, Web-software maker Allaire [ALLR] moved up 23 3/4 to 43 3/4, and DSL service provider Covad Communications [COVD] gained 27 3/8 to 45 3/8.

To: DiViT who wrote (38526)	1/22/1999 9:06:00 PM
From: JEFF K	Read Replies (2) \| Respond to of 50808

I just read that Cube was the # 1 options traded stock today. Seems to back up your point. I still have a couple of questions. 1. I thought I heard AB and Walt project flat to better revenue in Qtr1, my guess translated minimum of 100m. this would be a 15% increase from Qtr 1 98. Do you agree ? 2. Weighted avg of outstanding shares for the Qtr 4 98 and Year 98 approx 40.8. Shouldn't this drop to 39 in 99 ? 3. Comments regarding gross margin %, guess flat to a 1% decrease in Qtr 1 99 ? 4. R&D expense (addition of TV\COM) additional 1m per Qtr 99 ? 5. If I take into account all of the above I still see them earning .34 in Qtr 1 99 compared to .27 in Qtr 1 98, a 25% increase. ( In a supposedly not so exciting Qtr ) . 7 pt drop ????