S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

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May 12 5:00 PM EST

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To: Norrin Radd who wrote (13147)	6/17/1999 1:00:00 PM
From: stock talk	Read Replies (2) of 14577

Tom: You best go back and reread the announcement. It said: "S3's USC Holdings Worth An Estimated $500 Million Notice the word "ESTIMATED". 6 to 9 months ago during the asian melt down it was "estimated" at 300 million or 2 bucks a share less. So its value is subject to change. "S3 Expected to Receive One UMC Share for Every One of its 252 Million Shares of USC Stock" Notice the word "expected" "which is worth approximately $500 million US based on today's current NT dollar value and UMC trading price. S3 would receive the 252 million UMC shares through a 1:1 stock exchange of S3's current 252 million United Semiconductor Corporation (USC) shares. " So as you said "an undeniable valuing" is not really true, what S3 will receive is (paper)stock. Stock that value will be dependent on many factors, not the least of which will be value, exchange rate, earnings, etc. Like I said before its all good but its noise. Its going to come down to can S3 run in the black and if how much profit can they generate. If so the Fab will be the icing on the cake. If not it will be cash to cover losses not increase shareholder value. biz.yahoo.com

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