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Technology Stocks : S3 (Multimedia semi's place 2be)

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May 12 5:00 PM EST

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To: Praveen K. Mandal who wrote (7120)	1/20/1997 10:01:00 PM
From: Phil Fischer	of 9477

Thanks to Praveen and others for summarizing conference call. Certainly good news. Although would have liked to hear more about the sound chips, they obviously haven't had much impact on sales yet. Cautiously optimistic about tomorrow. Feel people are overreacting to Greenspan's imminent speech, after all, last time he had only a very short term effect on market. I personally feel that his management of the federal reserve has had something to do with the success of the market over last couple of years. I am a fan. With a bit of luck I will hit my target tomorrow and I will sell. Phil

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