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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: Jan A. Van Hummel who wrote (9008)1/26/1998 11:53:00 PM
From: John Floyd   of 14577
 
Jan, looks to me like the write offs were included in the R+D budget as reported on the income statement.

Bottom line here is that the bad man Gary Johnson is out of power. It will take a few quarters for S3 to recover from the mess he left. Maybe a bounce here and there, but do not expect any sustained uptrend until Fall '98 earliest. Terry Holdt brings back some credibility, but it will take new high end product design wins before stock starts moving again for real.
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