S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

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May 12 5:00 PM EST

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To: Michael who wrote (10402)	4/7/1998 2:23:00 PM
From: Mark Brophy	Read Replies (1) of 14577

Re: S3 investment in Faroudja. From the recently filed 10K at sec.gov. On June 30, 1997, the Company sold a total of 526,316 shares of its Common Stock to S3 pursuant to a Stock Purchase Agreement for $4,948,200, net of expenses associated with the transaction. S3 is entitled to certain anti-dilution, registration and other rights as set forth in the Stock Purchase Agreement. As a result of the anti-dilution rights, S3 received an additional 307,018 shares of Common Stock upon completion of the Company's initial public offering in October 1997. So, S3 has 8.34m shares that are worth $8.2m at 9 7/8 per share. They paid $5m for the shares, so they made $3.2m. S3 paid Faroudja $1.8m in license fees. Sounds like a good deal to me!

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