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

To: Herc who wrote (13484)	8/6/1999 3:22:00 PM
From: mark doubiago	Read Replies (3) \| Respond to of 14577

Herc, anything is possible, but S3 at $25 let alone $50 by Christmas is really pushing it. The past and present have shown us that S3 often if not usually trades below its real value. Even if the Rioport IPO goes to $40, I could see S3 only going up $10 - $20. It doesn't make sense to me how a company can trade for less than its book value but we have had that going on the whole time that S3 has held its percentage of the foundry. And how about when S3 hit $1 something last fall? The thing that seems to count with S3's value is the streets perception of how things are going, not what the company is worth if you sold off its assets. You'd think that someone would have come in and bought it up and broke it up and sold off the pieces for a nice profit by now. Obviously that is not an easy thing to do, else it would have happened months ago. I wish that S3 could be fairly valued, but i don't think that it will happen for awhile. Too many people still don't trust the company. A big problem is that the last profit was not a result of the core graphics business but because of shrewd money moves on the part of management. I don't really care how they do it, as long as the value goes up. I really believe that they are worth at least $15 a share at the moment, and possibly quite a bit more with another strategic acquisition or two. Anyways, I will be the first to say that i hope you are right and that i am wrong. I would love to cash out at $50 a share for S3 and $25 a share for my DIMD.