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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: glenn s. turner who wrote (7340)11/4/1997 9:47:00 PM
From: Sean T. Kim  Read Replies (4) of 14577
 
Here's another perspective:

sfgate.com

Listen, people, this is a minor event. The hit today was pretty reasonable given the circumstances. It could have been far worse. No doubt the management is stupid but S3 is hardly the first company in the history of the world to get in a mess like this. Plenty of companies, high-tech or otherwise, have had this happen to them and made it through to the other side. Just be glad this revenue is not going away, it is just shifting periods. From a financial perspective, as long as most of the activity is real and stays within the fiscal year, I doubt the SEC will give a hoot and buyers will come back in. If anything, it will make year-over-year comparisons look better in 1998. I think the fact they blew the whistle on themselves shows that while they are stupid, they are not necessarily crooks.

This company will succeed or fail on its products and its strategy in the marketplace. If you're in long-term, you should have a drink and check back in six months. If you're short-term, why are you here anyway? This thread has degenerated into hourly price predictions -- who cares.

Certainly this year has been terrible but for anyone still holding after the Q3 announcement, this should have already been discounted. It's the next generation stuff that will make or break them. This industry is cutthroat as hell these days and anybody sinking money into it should be prepared for some rough spots.
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