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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: Ken Muller who wrote (8651)1/5/1998 3:30:00 PM
From: Michael  Read Replies (1) of 14577
 
<UMC wouldn't buy back the stock unless it was a good deal for them. Therefore the
stock was probably sold at a discount.>

What is your basis for this? Buy the same token, I could say that S3 wouldn't sell it unless they were getting a good price. This is especially true since they have a large cash reserve already. The important thing is that on a $100M (approx) investment, they have sold 34% of it for $72M. That's pretty good. I might add that $72M is enough to buy back 25% of their stock back at today's price.
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