S3 (Multimedia semi's place 2be) Message Board

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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: mark doubiago who wrote (9218)	6/19/1997 11:01:00 AM
From: fiberman	of 9477

RESEARCH ALERT - UBS downgrades S3 Reuters Story - June 19, 1997 09:26 %BUS %US %RCH %HOT SIII V%REUTER P%RTR Copyright 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Jump to first matched term NEW YORK, June 19 (Reuter) - UBS Securities said analyst Charles Boucher downgraded S3 Inc to hold from buy. -- in a report said recent market checks have indicated that price pressure for desktop 2D graphics/video accelerators has worsened during the last three weeks. -- said believes general PC market softness and inventory reduction has led to weaker unit demand for graphics accelerator products during the June quarter. -- said "likely" company's June quarter revenue and earnings could be weaker than expected. -- cut his full-year 1997 estimate to $0.67 from $0.83 and 1998 to $0.95 from $1.26. -- the stock was off 1-5/16 to 10-13/16. What is this idiot talking about "price pressures over the last 3 weeks"?? This type of chip business, especially the graphics market business is done with "OEM" customers with solid blanket orders for a model, or a time frame of at least 6 to 12 months, or something of this nature. These chips are not like cheap ceramic capacitors, or other commodity I.C.s which are traded everyday based on the price which is dictated by supply & demand, and yes their prices do vary from week to week, but for special chips such as S3's, the week to week price change is completely nonsense. I have been in the component field for a long time and do know how the game is played. I am not arguing his down grade, I am just arguing his stupid reasoning.

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