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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Cosmo Kramer who wrote (9419)8/6/1997 1:29:00 PM
From: Norrin Radd   of 9477
 
Mark, Thanks. SIII is undervalued especially since they have huge hidden assets in their Taiwan wafer foundry investment. I think the article in IBD (7/23?) was quite accurate. ALSC, SIII, TRID and others have big hidden value not reflected in their books due to their Taiwan foundry investments.

The market is just starting to take some notice lately. If the markets are efficient, they obviously are not instantaneously efficient. Take ALSC, the foundry investment alone was supposed to be worth over $10/share alone, which says the stock is really priced at $5 ! (ie. 10+5=$15). BUT SIII had an even larger initial investment than ALSC in their foundry.....
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