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

To: John Rieman who wrote (38931)	2/12/1999 7:39:00 PM
From: DiViT	Respond to of 50808

C - Cube 's TV/Com Purchase Key to Company's Set-Top Solution 02/08/99 DV Business (c) 1999 Phillips Business Information, Inc. With its recent purchase of modulation technology through an acquisition deal with TV/Com International, C-Cube Microsystems [CUBE] is on its way to becoming a full system provider of complete set-top solutions. The Milpitas, Calif. chipmaker bought the assets of a division of TV/Com for an undisclosed price from Mindport, a Netherlands-based company which had purchased TV/Com from South Korea's Hyundai Electronics last November. C-Cube plans to market the technology with its subsidiary DiviCom as part of a full- service package to cable and satellite providers, mostly in the DVB standard. The addition of QAM, QPSK and COFDM demodulation technology to the C-Cube portfolio will give the company the front-end technology for C-Cube 's set-top chips to communicate with DiviCom's head-end equipment, says Christopher Adams, vp for marketing and system solutions for C-Cube 's consumer network products division. "We now have the final piece of the puzzle to be a full-system provider," Adams says. "We had MPEG decoders, graphics and CPUs - everything except the demodulator. There are market segments now where we can supply the entire chipset." TV/Com employees affected by the purchase will remain at the company's San Diego headquarters, part of a new San Diego "design center" for C-Cube . TV/Com's strength as a cable and satellite set-top technology provider is well-known in Europe and Asia. The company began as Oak Communications in 1932 and introduced one of the industry's first cable converters in the 1970s. The company changed its name to TV/Com International in 1991and was one of the first to bring Open TV set-top boxes to the European satellite community in 1996. Grundig is using TV/Com's technology in the set-tops it is supplying to BSkyB. Adams says C-Cube is not yet ready to announce new products based on the purchase, but is excited about the possibilities. "TV/Com set the standard for demodulation in Europe," Adams says. "They had specs nobody could touch." DiviCom's Importance To C-Cube The purchase marks good timing for C-Cube , which has seen its stock plunge a third in value over the past two weeks, despite a healthy Q4 1998 earnings report of $95.8 million reported Jan. 21. Seth Dickson, associate analyst with Warburg Dillon Read, says the drop was a result of downgrading revenue expectations for DiviCom and increasing competition in the set-top market. Dillon says C-Cube 's fortunes increasingly will be tied to DiviCom's performance. "DiviCom will absolutely be the key and strategic focus of the company," Dickson says, adding that he doesn't expect to see results from the TV/Com acquisition until next year. ( C- Cube , 408/490-6409; Warburg Dillon Read, 415/352-5650)

To: John Rieman who wrote (38931)	2/13/1999 7:28:00 PM
From: stockbug	Respond to of 50808

The last time we had these massive oscillations in the market CUBE behaved exactly the same except at the 17 range. They also had several major positive news releases during that time frame. If we didn't drop with all the upheaval how can you even rationally think it would go that low. It is the positive press that has supported the stock and will move it back up as the market comes back to its senses. On Friday during the afternoon Buy,Sell or Hold segment on CNBC C-Cube was actually recommended as being a buy.