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

SIII 0.0001000

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May 12 5:00 PM EST

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To: RICK SCHINZEL who wrote (7667)	1/30/1997 6:09:00 PM
From: Maverick	of 9477

Referring to moves to filter down technology, he said the rationale there was partly inpired by emerging markets. ".... rapidly growing markets like China are value conscious. They want the interactive encyclopaedias and karaoke, but a good chunk of yearly income goes to giving a kid a PC," Johnson said. S3 will open sales offices in Beijing and Singapore this year. Beijing is the hub of PC manufacture while Singapore is in near multinational PC manufacturers in Malaysia and has also a high level of PC consumption. Despite a generally dismal year for semiconductor companies last year, S3 showed a sixth consecutive year of profits. It announced last week a rise in fourth quarter results with net revenue up 28 percent to US$132 million, compared with US$103.5 million for fourth quarter 1995. The 1996 fiscal year marked the sixth consecutive year of top growth for the company as reported net revenues increased 47 percent to US$465.4 million, against US$316.3 million in 1995.

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