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


To: Maya who wrote (41138)5/15/1999 10:38:00 AM
From: Peter V  Read Replies (1) | Respond to of 50808
 
Wow! That guy really went out on a limb projecting a whole $6 price rise in 12 months (the stock was about $27 before yesterday's late advance). Maybe this is the reason for that mini-rally. I hope not, I've already picked the color for the new car . . . and it's going to take a buyout to get me there, not just a run over $30.

This would make sense for the May 30 options though, a quick pop over $30 would make those fellows at least double their money, if not triple it. That may be why there was not more action in the May 35s. And although the volume at the end of the day was impressive, it was not like the whole Street caught wind of a takeover rumor. Maybe this was it. Oh well, I guess I really didn't NEED a new car . . .

Overall, this article is good for the stock, so I can't complain.



To: Maya who wrote (41138)5/15/1999 3:34:00 PM
From: John Rieman  Read Replies (1) | Respond to of 50808
 
Good job on the Forbes articles Maya. They have been all over C-Cube this week. Quite a change from the past! Intel taking a minority interest makes the most sence. None of the mentioned aquiring companies could take C-Cube over and maintain revenues. Toshiba/Sony/Thomson doesn't want to buy from Philips. Philips/Toshiba/Sony doesn't want to buy from Thomson. They all are looking to be big in DTV. C-cube is there selling bullets to posibly all of them.

I think the rumers that the Forbes articles are base on must have some merit. Somebody noticed that some investment banking activities are taking place at C-Cube. This could be caused by C-Cube and Intel talking about a minority interest, or, C-Cube planning a purchase of their own. Somebody is looking at C-Cube's books, but the price to buy them out maybe way too high.