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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Zeev Hed who wrote (13113)6/16/1999 7:39:00 AM
From: stock talk  Read Replies (2) of 14577
 
Zeev, well I think its pretty obvious why Potts filed a 144 to sell 500,000 shares. The first time Potts sold 68,100 at $8.00 to $8.25 on 5/13 & 5/14 into the press release of the IBM news on 5/13. Now this deal that was released yesterday and the 42 million bonus must of been the works for at least 2 months and Potts knew it was coming and filed the 144 to sell into the news. I suspect this is the un named event that I was being feed in late April and early May that would move S3 stock price by the end of May. Looks like the timing took a few weeks longer than expected. In light of all of what Potts knows about future of S3 it will be interesting to see if Potts unloaded the rest of the shares contained in the 144 into this news and at what price. Potts knew of the up coming 542 million news coming and still chose to sell at $8.00 to $8.25 on 5/13, 5/14 hummmmmmmmm. Either he couldn't wait another month for higher stock prices or he didn't think the stock price would be much higher.
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