Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: MD Bryant who wrote (3632)	7/1/1999 8:29:00 PM
From: stock talk	Read Replies (3) \| Respond to of 5927

I think I would wait on laughing just yet. That Billion in revenue is coming out of someone hide, I think its ATI and NMGC. Just maybe the laugh is on you.<ggg> S3 Expects to Exceed Analyst Expectations for Q2 1999 Financial Results Series of Recent Developments Pushes Company Ahead of Plan SANTA CLARA, Calif.--(BUSINESS WIRE)--July 1, 1999---S3® Incorporated (Nasdaq:SIII - news) today announced that it expects to beat analyst expectations for the 2nd quarter 1999 by approximately $0.15 to $0.20 per share. First Call estimates are calling for a loss of $0.20 per share. Based on preliminary results, the company anticipates reporting revenues in excess of $50 million when it releases complete second quarter results after the close of market on July 15, 1999. ''Our anticipated financial performance in Q2 puts us ahead of our plan to achieve profitability by the end of the year,'' said Ken Potashner, president and CEO of S3 Incorporated. ''While profitability depends on the financial effects of the Diamond acquisition amongst other things, we look forward the challenges and opportunities ahead of us.'' ''Q2 was a successful quarter as evidenced by several major PC OEM design wins with Compaq, IBM, Packard Bell NEC and others, our announced patent license agreement with UMC, and plans to receive UMC stock worth approximately $500 million,'' said Potashner. ''In addition, we also announced the pending acquisition of Diamond Multimedia, which should enable S3 to aggressively enter the Internet appliance, home networking and communications markets.'' ''We believe S3 is well positioned with the right technologies and financial resources necessary to accelerate our growth in graphics and emerging high-growth areas,'' added Potashner. ''Based on Q2 developments and strategic plans being put place, we believe the Company has the potential to approach a billion dollars in revenues in the next fiscal year, assuming the completion of the Diamond acquisition and depending on our combined execution and financial performance.''