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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: ray15 who wrote (13099)	6/14/1999 4:32:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 14577

And which probably prompted this: thestreet.com I would venture that if you could buy all of S3 stock at today's price and sold the fab investment at market value, you would have bought S3 at virtually no cost to you. Where can you wholly own a company, a market leader in its products, and not have to pay a dime for it? The break-up value of S3 is significantly in excess current market cap. S3 has had too long a bad rap because of missing one cycle, and perhaps rightfully so, but with the semiconductor market turning around and the new mix of products at S3 it should be trading in the mid teens, if not higher. I think it will once their quarterly returns start reflecting the turn around. "Stocktalk", I hope this was not the spike you were waiting for (VBG). Jan

To: ray15 who wrote (13099)	6/14/1999 4:32:00 PM
From: Chris Tomas	Read Replies (1) \| Respond to of 14577

The UMC news is bringing broader Street awareness to S3's stake in the foundry. Street.com has an article FINALLY placing a numeric value on S3's shares in UMC. A money manager is estimating their UMC stake at between $6.50 and $8 a share. Add to this the more than $2/share in cash that S3 has piled away and the money they're still going to make for this year in total. Well, what we have here is a tech rarity of a company selling (currently ~ 7.75) for less than its liquid assets. That's the reason for the jump today. Alliance Semiconductor, which also has a stake in UMC, is having a nice pop as well for this reason.