S3 (A LONGER TERM PERSPECTIVE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ray15 who wrote (13099)	6/14/1999 4:32:00 PM
From: Chris Tomas	Read Replies (1) of 14577

The UMC news is bringing broader Street awareness to S3's stake in the foundry. Street.com has an article FINALLY placing a numeric value on S3's shares in UMC. A money manager is estimating their UMC stake at between $6.50 and $8 a share. Add to this the more than $2/share in cash that S3 has piled away and the money they're still going to make for this year in total. Well, what we have here is a tech rarity of a company selling (currently ~ 7.75) for less than its liquid assets. That's the reason for the jump today. Alliance Semiconductor, which also has a stake in UMC, is having a nice pop as well for this reason.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next