Sergio: SIII could/should/probably will get the benefit of 13 million share Buy Back.
"“We believe that not only does this new agreement address the concerns of the Taiwanese Government by reducing the accounting impact on VIA, but this is a better deal financially for S3,” stated Ken Potashner, CEO and Chairman of S3 Incorporated. “The accelerated payment schedule in the new agreement allows us to put the proceeds to work immediately to fuel the growth of our business. Should VIA elect to fund the initial payment with its 13 million S3 shares, it will have all the attributes of a substantial stock buy back initiative. We view this as a powerful opportunity for the company.”
s3.com
There is A LOT more to S3 then just MP3 players!!
Communications, Multimedia and Professional Graphics Divisions
s3.com
Frontpath: could be very exciting!!
s3.com
Internet appliance products /Wireless Internet. Another potentially hot product line!
diamondmako.com
And yes, you have to love there cash position, Profit Margin, Book $10 plus, etc..
Short Ratio is helping with the current rise and will probably cont. for awhile longer. Takes awhile for those 2.7 million short sellers shares to wake up and BUY to cover their positions.
Bought SIII a few weeks before I started posting here. Been holding it, and adding small amounts since Aug 8th. Not in a contest with anyone except myself.
Do I need to list every stock I own? gezzzzz..lol
I believe I did mention wanting to Buy CHKR a few weeks back. As it turned out, I bought in just the nick of time, 2 days before Earnings BOOM.
I should have been in earlier but with Vacation and watching XRX way to closely, I almost missed it. Nice 4 day gainer!!! so far.
Whenever I mention CHKR, no one listens....can't say I really blame them, but I really believe good gain can be made trading in and out of the stock, and I really do believe CHKR could be selling at least 2X current price in 6 months. Maybe 4X in a year or two. A lot depends on if this is a longer term Bull or Bear market. Not concerned much with the Short term ( month or two ) Bear and bull markets, except for the trading in and out part.
As you know, I bought XRX at 10.50 and again while on vacation for 8.12. Sold half at 9.25. Holding half for brighter days ahead.
Might buy more again. Playing it day to day and watching closely.
Nothing much BAD should be coming out in the near term and several potentially GOOD Press coming as the restructuring moves forward.
Look for asset sales news coming very soon. Should be apx. 4 or 5 of those Press Release's good for a several bump UP's
You, or anyone else know of any Good Christmas related stocks?
BTW, Kodak is a very sick company. Being in the Bus. Kodak does not look good. Their Ink jets may not be enough to stop the red ink. Waving hand Bye Bye to film......
Kodak, like Xerox, need to reinvent it's self. IMO
One other think Sergio, what do you think about Shorting the Oil Drilling and Gas related stocks. Oil can drop as fast as it went UP.... Maybe it needs a bit more time..... Looks interest to me!
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