S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

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May 12 5:00 PM EST

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To: Jan A. Van Hummel who wrote (7565)	11/7/1997 4:25:00 PM
From: Tom Terf	Read Replies (1) of 14577

Management knew that by issuing the "accounting error" garbage they would be getting sued by the shareholders. They did it, however, to cut their legal losses. Crimminal, that is. If the SEC gets a hold of this, it will now be easier to wedge their way out of crimminal stuff since they were upfront, they believe. That is their hope, of course. The civil stuff from the vulture lawyers was a foregone conclusion. However, the civil proceedings could demonstrate probable cause relative to intent. If this happens, the FEDs may be forced to step in, if it has not already occured sooner. I would not be surprised if some of us injured shareholders (and mutual FUND MANAGERS who were hung out to dry) don't petition the FEDs to look into this matter independent of the suit.. The 10Q filing which the Company has advised will describe this ordeal in detail, may also be the catalyst. That's the biggest danger legally going forward for both the Company, its deceptive managers .. and us, the poor shareholders.

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