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Earnings Report: C-Cube Microsystems Inc.

C-Cube Microsystems Inc, the Milpitas, California-based digital video chip company has reported third quarter net income up 11.2% at $14m, compared to $13m for the same period last year. The company reported revenues of $101.4m against $86.2m last year. The earnings per share were slightly up on the First Call estimate of $0.30 at $0.32. C-Cube's CEO Alexandre Balkanski said that the firm's deals with Samsung Electronics Co Ltd, NEC Corp and JVC Corp to create DVD and digital-VHS recorders had been highlights of the quarter. Taiwan Semiconductor Manufacturing Co builds most of C-Cube's chips but Balkanski said the fallout from the Taiwan earthquake had not affected the third quarter. However, he admitted that capacity for the fourth quarter remains tight. He pointed out that C-Cube was working with TSMC on its US foundry plant and has also signed a deal with UMC to ensure supply. The firm has guarantees from TSMC about chip production.
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Publication:Computergram International
Geographic Code:1USA
Date:Oct 20, 1999
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