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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Norrin Radd who wrote (8615)1/2/1998 8:56:00 PM
From: Ken Muller  Read Replies (1) of 14577
 
Tom:

You wrote>>But SIII's value in the Taiwan wafer foundry alone is worth $5-$10/share by itself, IMO.<<

I have see various estimates thrown around on the fab value. I am curious though on how S3 would realize any of this value. Info is that any funds from an IPO would be dedicated strictly for a new fab to be operational 1-1 1/2 years down the road. I haven't seen any discussion on S3 (or ALSC) being able to recover initial investment funds or capital appreciation. I would guess the stock holdings in the fab venture are restricted.

The stock price of both ALSC and S3 kinda reflect this interpretation. Any comments?

Ken
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