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: Jonathan Rothschild who wrote (7659)	11/10/1997 12:23:00 PM
From: wudI	Read Replies (1) of 14577

-----Attorneys will have a hard time developing their burden of proof to hurt the company. SIII's restatement of earnings was hardly "unprecedented" and is not uncommon in the industry Jonathan: I thought the underlying issue was that S3 had recognized income when product was shipped to third party value-adders, in effect, consignees. If my understanding is right, then it would seem that the issue is really one of overstated revenues - something both management and the company's accountants should be concerned with - and any retained earnings resulting from that pattern of overstatement would be fictitious. Regards, wudI

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