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Technology Stocks : Diamond Multimedia

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To: son of peter who wrote (4595)	7/22/1999 9:17:00 PM
From: Ram Seetharaman	Read Replies (1) of 4679

Now that all their goofs are out in the open, DIMD has only one plus - they are getting bought out at 0.52 of SIII - so from here on we need to watch out what SIII does! SIII is looking very good due to the UMC deal and is going to come out with a lot of cash and are actually buying DIMD on the cheap! The purchase is not a "dog eat dog" - there is only one dog - i.e DIMD. SIII is not a "dog" since their future looks good. DIMD is a sore loser on its own getting whacked due to falling PC prices and razor thin margins. The internet music downloading device that made all kinds of news for DIMD didn't do diddly sq... to its bottom line! SIII, I am sure looked at all this even from an accounting perspective, and laid out the road map for the next three years of the ascending semi/chip cycle and by the time they digest DIMD and spread out the losses and make some money on the expanding product line, they would have eventually bought DIMD for a "song". So as SIII goes up, so does DIMD (but not without it! Without SIII, DIMD is probably worth only $ 3! or less). With SIII trading over $ 12, DIMD is worth at least $ 6 - so it won't tank much!

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