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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Leo Francis who wrote (7015)10/30/1997 11:10:00 AM
From: Michael  Read Replies (3) of 14577
 
To those who post messages on this board (as well as all the others) that say things like "I will only reenter if the fundamentals change" or I'm going to wait for XXX big announcement you are totally disillusioned thinking you can just jump back in. IF there is a big announcement or they announce earnings are recovering or blah blah blah good news, you will have already missed the boat as the stock is going to jump before you can climb on board. The greatest rewards are reaped by jumping in BEFORE this happens. Of course you also bear greater risk. IF you think S3 is going to announce that they are going to earn $2 a share and you are going to be able to buy it for $8 or $9 dollars think again.

I'm holding long and buying more if I can at the 8 1/2 range.

Now, specifically on S3:

1) It is trading above it's liquidation value. Unless a business is near failure, this is a prime buying opportunity.
2) It is seen 17+ twice in the last year and will see it again. When? Who knows.
3) It is trading at it's 52 week low.
4) They are still the market leader. They will continue to be although new products are lagging behind schedule.
5) The investment in USC (the fab) should not be undervalued. I keep hearing about results not including the Fab. The fab is an ongoing part of their business and should be considered just as any other revenue/earnings. IF GJ wants to open up a lemonade stand I don't care- I still would be glad to see revenue and earnings from any source.
6) Will it go lower? Maybe, but at 18 we thought it could go higher too :)
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