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


To: stock talk who wrote (13510)8/14/1999 10:08:00 PM
From: Ben Wu  Read Replies (1) | Respond to of 14577
 
Class Action lawsuit

surprised no-one picked up on this.

maximumpcmag.com

Suit Filed To Stop S3, Diamond Merger

Two disgruntled stockholders have filed a suit to halt the merger of Diamond Multimedia with S3.

Neal and Brenda Strum filed the suit in Santa Clara County Superior Court seeking class-action status and a court order to stop the merger, according to a report in Bloomberg News. The Strum's believe the value of Diamond's stock was undervalued in the merger. The suit names Diamond's corporate officers as well as S3 as defendants.

"Bottom line, it's a nuisance lawsuit and we believe it's completely without merit," S3 spokesman Paul Crossley told Maximum PC late Wednesday. Diamond officials refused to take question about the suit.

S3 proposed a $200 million buyout of Diamond in June. The merger has passed several hurdles without problems and is scheduled to go before shareholders for a vote in October.



To: stock talk who wrote (13510)8/18/1999 8:19:00 PM
From: SBHX  Read Replies (1) | Respond to of 14577
 
Currently announced quarter results ::

NVDA sales = 78M. (Actually, this was lower than I thought).
SIII sales = 57.3M.
ATY.TO sales = 302M.

biz.yahoo.com
biz.yahoo.com
biz.yahoo.com

There's probably no question who is still moving a lot of chips, but even with SIII's arguably lower priced chips, there is a good question about who the #2 by volume graphics chip vendor really is.

-OT- SNDK stock diluted by 3M. That really sucks. Don't like companies to issue new stock and dilute existing owners.