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: Jan A. Van Hummel who wrote (8007)	11/19/1997 6:43:00 PM
From: Jan A. Van Hummel	Read Replies (2) of 14577

Restatement results Today's news release shows a restatement in the middle of the initially advised range, namely revenues down $58 million and earnings $0.23/share. Since the market likely discounted the upper end of the range ($70 million and $0.29/share, the news should not be perceived as negative and may even elicit a positive reaction depending on what the overall and hi-tech markets are doing. There is one disclaimer in that the Audit Committee is continuing its review of revenue recognition and that this review has not been completed. However, the company believes that it has quantified the revenue misstatements. However, like to look a little closer at the figures to see if there is anymore relevant information in them. Once this all has been digested I think there is work to be done. We will soon need to see the company take the appropriate steps to eradicate shortcomings in the check and balances of the company and announcements of forthcoming proposed changes in the composition of the Board to allow for an outsider majority and the proposal of widely recognizable quality directors that can have a serious impetus on product development and releavnt marketing strategy that will elevate the value of S3 to the position it should hold based on its current market share. Like George says: Onward JMHO Jan

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