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

To: Sleeperz who wrote (3863)	8/12/1999 4:48:00 AM
From: Stocker	Read Replies (1) \| Respond to of 5927

Thought some here might be interested..... Investors sue to block S3's acquisition of Diamond By Bloomberg News Special to CNET News.com August 11, 1999, 2:35 p.m. PT SAN JOSE, California--Diamond Multimedia, maker of Rio portable Internet music players, was sued by shareholders who claim a proposed $200.8 million stock acquisition by S3 undervalues their shares. S3, the No. 2 designer of fast graphics chips for personal computers, has offered to exchange each share of Diamond Multimedia for 0.52 share of S3. Santa Clara, California-based S3 will assume Diamond's outstanding options. The proposed acquisition, announced June 22, is intended to make S3 a competitor in the Internet appliance and home networking markets, S3 said in a statement. Shareholders of Diamond Multimedia, though, say the San Jose-based company is being unloaded "at bargain-basement prices." "The intrinsic value of the equity of the company is materially greater than the consideration proposed," Diamond Multimedia shareholders Neal and Brenda Strum said in the suit. The suit, filed last week in Santa Clara County Superior Court, seeks class-action status and a court order to prohibit S3 from acquiring Diamond Multimedia. It names Diamond Multimedia, its directors, and S3 as defendants. S3 spokesman Paul Crossley described the suit as "harassment" and referred all questions about it to Diamond Multimedia. Diamond Multimedia couldn't be reached for immediate comment. Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: Sleeperz who wrote (3863)	8/13/1999 9:16:00 PM
From: SBHX	Read Replies (1) \| Respond to of 5927

Marc & CR I heard this argument before about how the deck is stacked in the brokerages and mutual funds favour, but I think that it is possible to pick a couple of winners every year or so. T.ATY and T.RIM and SNDK showed that there is a way to pick the winners, and cut losses early with the dogs. Also, Mutual funds have to buy too many stocks, and the tendency is that old mutual funds with a long history may have too many dogs in there that they never sold off. Winners :: I bought into ATY because I remembered that they made good ega wonder and graphics solution cards a long time ago. The trading pattern also seemed predictable with this stock. I bought (sold and bought again) T.RIM because I saw how convenient the gadget was for traders. I bought SNDK because I saw their patents on compact flash and the explosion in digital cameras and potential of winCE palm devices. The volume and size of each CF cartridge is going to exceed Moore's law. The key seems to be the old fashioned way : pick the company for the product(s) it makes. That's very hard to do for the avg day traders. Despite all the other exotic stock picks I made, aty's track record (except for the past 6 months) has been exemplary, but again, the trading pattern is too predictable. Sorry for lack of loyalty Marc, but I halved my ATY holdings between 26 and 23. The bulk of that was sold at below 24. Started buying more at 20, but not much. I'm going to go back in again before the nextQ results are announced. In case you're wondering, I've been dabbling in : SSTI, SNDK(YEAH!), VOX[so-so], AOL(ouch), T.RIM (again,hohum this time), NVDA[so-so]. I've been accumulating SNDK recently, if RIMM can explode, then why not SNDK?. I now hold more SNDK than T.ATY. Happy investing. May all your trading days be like Friday, Aug 13th, 1999. :-) Ya something is very wrong in the market, it is run by the Brokerages and mutual funds to make money for themselves, not you, I and the individual investors unless you tagalong.