S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Mighty Mizzou who wrote (13764)	12/1/1999 11:14:00 AM
From: Bill Lin	Read Replies (2) of 14577

Anybody see hide or hair of a savage 2000? S3 missed ANOTHER self imposed public deadline with the mid November delivery right? This quarter is going to suck big time because they are going to flood the display shelves the week before Christmas and have all this S4 inventory to suck back up. That Greenberg guy on TSC always says look at receivables for companies like this and inventory pile up. Especially with the DIMD merger, and the need to make it look good, the habit is to ship too much of the wrong stuff, then have an over inventory issue to digest later on -- translate stock price dive to $5 again, and massive 'restructuring charge' or "inventory writeoff" like in '97. Evidence support: lots of Viper540s in Frys as well as TNT2s (fewer of those). Only release date announced I can see on S3 website is "Christmas". Sorry to be a wet blanket, but this stock is reflecting the appropriate risk by the nondelivery of this Savage2000 solution. Apple used to show the same behavior pattern, overpromise, deliver late, miss the opportunity window, then take a pounding from competitors and the market. Lots to like about this company. If management does not deliver Savage 2000 in next week, and provide 3 weeks of Christmas sales (instead of 1-2 weeks) costing sales of $100-$300 million retail (already lost $200 mil by missing mid-November ship date), then BREAKUP to release shareholder value is the correct method to get out from under bad management. Bill

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