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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: CHUCK IRWIN who wrote (7331)11/4/1997 5:18:00 PM
From: hossein hosseini  Read Replies (1) of 14577
 
All S3 Longs .. A bit of history...

I bought this stock a few days ago (around 9) thinking is a good price; then the annoucement and today I got out at 7 3/8. There are
two companies with similary ciscumstances that I used for my decision to get out.

The first one is Platinum Software (PSQL). About 3 years ago was trading around $13 when they annouced "irregularities" in the accounting. Stock drifted down to about $4 and took 3 years to get back to around $10 today. The next example is Informix, which many of you probably know where it is today.

Bottom line: IMHO this is not over and we will see more downside risk in this stock.

Good Luck to all,
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