C-Cube Summarizes 2001 Fiscal Year Conference Call; C-Cube Reiterates Comfort with Fourth Quarter 2000 and Fiscal 2001 Revenue and EPS Guidance.Business/High-Tech Editors MILPITAS, Calif.--(BUSINESS WIRE)--Dec. 18, 2000 On December 14, 2000 C-Cube Microsystems Inc. (Nasdaq:CUBE) conducted an open conference call to fulfill its promise made during the last earnings call to provide an update on the business outlook for fiscal year 2001. During the call, the company stated their comfort with revenue and earnings per share guidance for the fourth quarter 2000 of $74 million and $0.15, as well as maintained the revenue and earnings per share guidance for fiscal year 2001 of $321 million and $0.65. However, due to issues in the professional non-linear editing market as well as a recent economic slow down, the company lowered its first quarter 2001 forecast. The company-provided guidance is based on recently announced new products that are scheduled to begin shipping in the second quarter of 2001, feedback from our customers, data published by third parties and acceleration of the growth from our expansion platforms. The guidance given on the call is as follows: Q1: $61M in revenue with $0.07 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. Q2: $72-74M in revenue with $0.12-0.14 EPS Q3: $88-91M in revenue with $0.21-0.23 EPS Q4: $95-97M in revenue with $0.22-0.24 EPS A replay of the call can be heard at www.c-cube.com. About C-Cube Microsystems The company is a worldwide leader in digital media processing See media control. and is leading the way with new communication processors and networked consumer products. With a focus on DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. and codec (1) (enCOder/DECoder) A hardware circuit that performs analog-to-digital conversion (ADC) and digital-to-analog (DAC) conversion. When analog signals are entered into a computer, cellphone or other device via a microphone or video source such as VHS tape or analog TV, enabled products, C-Cube is driving the technology for the "networked digital home." C-Cube is headquartered in Milpitas, California Milpitas (IPA pronunciation: mɪlpitʌs; inhabitants are called 'Milpitans') is a city in Santa Clara County, California. It is located with San Jose to its south and Fremont to its north, at the eastern end of Highway 237 and generally between Interstate freeways 680 and and has offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. For more information please visit our web site at www.c-cube.com. C-Cube and the C-Cube logo are registered trademarks of C-Cube Microsystems Inc. All other trademarks or registered trademarks are the property of their respective owners. The foregoing contains statements regarding anticipated revenue, earnings per share and product shipment schedules that are forward looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based on management's current expectations and actual results could differ materially. Factors that could affect the company's business include timing of shipments of our new products, market acceptance of our customers' products, and economic outlook. |
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