S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Anatole Kulick who wrote (7361)	11/4/1997 11:43:00 PM
From: stock talk	Read Replies (5) of 14577

AK, I think(don't really know yet, but I am working on it), this whole restating earnings is Walt's idea. He is very very conservative. I "think" he came in and said hey the shit has hit the fan by missing a design cycle, now is the time to change your accounting method and get all the "stuff" out. This way we can rebuilt for 1998. Most of you know that I think very little of GJ, but to his credit, he took the advice of his CFO and made the right decision, a tough decision. Yes, I agree most on this thread are shell socked and are inexperienced investors and as such are in a panic. Yes, we also have all the short vultures feeding on the panic and yes it may get worse before it gets better, but 90% of what I have read from some of our most experience traders is way off base. Sure there is alot of things to be improved at S3, but at $7 with there assets and book value as well as chips they are working on, I can't think of many better long term holds.

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