S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: Bill Lin who wrote (7682)	11/10/1997 1:54:00 PM
From: RAY WACLAWSKY	Read Replies (3) of 14577

This thread amazes me!!!!!! Now is the time to buy. Forget the restatement; it is already factored in. At present, S3 is trading @ less than 2x book, 3x cash on hand, has a current ratio of 3+ as well as a great balance sheet even with an $8mm hit against retained earnings! As many of you remember, I was the rare negative voice on this thread and was lambasted by many including Frank Monroe who is now bearish! You can buy the Jan 7.5 calls @ 1 or you can sit and wait until hell freezes over and wish you averaged down to get out a a reasonable price. This co. is not going bust and it will trade above 10 within 6 months! In addition, the debt is a respectable convertable issue @ below market rates and is convertable @ 19+/ share which is factored in the shares outstanding, so the real p/e is greater if you factor out the 5mm sh. Stop whining and get on the wagon! All the best from a long time bear turned bull on S3!

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