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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Susan G who wrote (46113)6/23/1999 11:46:00 PM
From: kha vu  Read Replies (2) of 120523
 
DIMD: was mentioned a couple of times on this thread. DIMD was acquired today by S3. (This is NOT a big gain as OMPT.)

S3 to buy Diamond Multimedia in stock swap
By Therese Poletti

SAN FRANCISCO (Reuters) - S3 Inc. (Nasdaq:SIII - news), a developer of PC graphics chips, said on Tuesday it would enter a new market with the purchase of Diamond Multimedia Systems Inc. (Nasdaq:DIMD - news), maker of the popular Rio MP3 music player, for $180 million in stock.

S3, based in Santa Clara, Calif., said the move represents a major strategic shift to enter
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