S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

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May 12 5:00 PM EST

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To: ted quinn who wrote (9311)	6/28/1997 1:21:00 PM
From: stockroach	of 9477

Ted, Read my lips Stagnant. Go back and look at the charts. 6 1/2 months ago Intel was trading at $142 same as today. It has been as low as $125 and as high as $163. <Hasn't Intel tripled in the past year> Yeah and S3 has gone up 2 1/2 times in the same period. If you bought 1000 shares of Intel near it's high you would be out $27K, with S3 same 1000 sares you would be out $13K. It all depends how you want to look at it. You don't like the stock at this price, I do. Don't get me wrong, S3 is not even close to being in Intel's class and you are correct when you stated that the graphics market sucks. That is the reason why this company and other in this market are trading at or near their lows. Last I checked ATI was trading at $13 US. TDDDF seems to be the exception but they are off $11 from their high and have a PE over 100, same as S3 in their early days. Ted short term I agree that S3 is going to take its lumps and loose some market share. But the company says they will return to double digit growth and margins will start to improve in the second 1/2 off the year,we will have to wait and see. S3 had the opportunity to recant that statement when they released the latest press warning. Now the future. Its true that S3 has been passed in technology for 3D. They are going to deversify into other areas. This takes some time and we will have to wait and see if they are successful. S3 stated that graphics will be only 40% of revenues by? ( I forgot their time frame to be honest) The product roadmap looks like they have potential to be major players in other areas. I think you will see some of this starting in Sept.97 with mobile and 98 with the video product. In the mean time the stock could go to mid 8's but will start to recover in Aug. I am keeping a core position for long term and buying on dips for trades. Ted a side note - What stocks are you invested in? Would you mind sharing. Grogg

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