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: James T. who wrote (7780)	11/12/1997 7:40:00 AM
From: gnuman	Read Replies (1) of 14577

Excerpt from lawsuit, 4 CFO'S since Aug 96? "The Complaint alleges that the executive officers of the Company specifically knew of (and that its auditors knew of or recklessly disregarded) S3's accounting improprieties for a significant time period preceding the Company's admissions on November 3, 1997. Indeed, commencing in August, 1996, the Company has suffered the resignations of three Chief Financial Officers, and in addition, each of the Company's founders has resigned or announced his intention to resign from active employment as an executive officer with S3. Notwithstanding this "revolving door policy" with respect to the executive positions they maintained with S3, each resigning officer (and others) is alleged to have sold a significant volume of the S3 common shares which he had held, many of which were acquired through year-end stock bonuses based on the Company's financial performance."

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