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


To: Black-Scholes who wrote (41213)5/17/1999 5:43:00 PM
From: John Rieman  Respond to of 50808
 
C&W has operations in Austrailia and Hong Kong...................

inside-cable.co.uk

16th May 1999
TOUGH YEAR FOR C&W - AND MORE TO COME

Cable and Wireless predicted tough market conditions in Hong Kong and demanding investment plans will affect its financial performance this year. It plans to invest 3 billion pounds this year to develop flexible network capacity with low operating costs in Europe and in its global businesses. Profit forecasts for 1999 are modest. Its 1998 results showed a 17 percent drop in pre-tax profits to 1.82 billion pounds although revenues rose by 13 percent to 7.94 billion pounds.




To: Black-Scholes who wrote (41213)5/17/1999 5:56:00 PM
From: John Rieman  Respond to of 50808
 
It's not all new revenue. The analysts know that C-Cube has a win with Pace, and that Pace is a settop supplier to all of the UK services.



To: Black-Scholes who wrote (41213)5/17/1999 6:55:00 PM
From: John Rieman  Read Replies (1) | Respond to of 50808
 
Black, my additional revenue figures from today's news are wrong. I based that estimate on BSkyB boxes in the UK. They sold over 1/2M in 6 months.

The UK digital deployment is in the second half. The problem is, we are talking cable, not satellite. Cable needs headend builds, Upgraded fiber, repeaters replaced. This is not a national roll-out. It will be system by system. The need for settops will be smaller. Maybe $6M in 1999.