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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Dave O. who wrote (6928)1/18/1997 4:54:00 PM
From: stockroach   of 9477
 
Dave,
Just some comments regarding your discussion with Frank. In a way
you are both right. Long term investing in solid companies with
good fundamentals is the correct stradigy to make money in the long
run. Investing in any technology company is always a higher risk
than other industries.
Since S3 guides the ANALists I believe .27 is the estimate and
.28 cents is the whisper number.The key will be the conference call.
Looking at some of the tech companies that announced so far the ones
that have had the stock price go up alot in the last few months are
getting hit the hardest if they meet or just exceed their number.
Worst case is that we meet the number and wall street is not impressed
with the forward statements I think the stock could go to 15. But
I am not looking for that to happen. Next 2 quarters are looking good
and S3 is gaining market share.
One stock that looks like it could be the next CHPS or VLSI is ESST.
The stock has tripled since June, doubled since Sept. and has a PE of
80. They better have a hugh Q4 and a great forward statement or they
wil get slammed.
Go S3 Greg
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