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

To: Bob Sutton who wrote (13925)	1/5/2000 12:51:00 PM
From: Mighty Mizzou	Read Replies (1) \| Respond to of 14577

I understand today's announcement to mean that they're making an accounting entry to reflect the stake's current market value While I am not an accountant I perceive this to be strictly an accounting procedure to get the value on the books for future equity financing. You can bet Pots wont sell a share until the ADR's are listed this summer. FWIW, I think the RIO sales figure alone will turn a lot of heads this quarter.

To: Bob Sutton who wrote (13925)	1/5/2000 2:12:00 PM
From: Jan A. Van Hummel	Read Replies (3) \| Respond to of 14577

S3 to Post $500 Mln Gain After Selling Interest in Chip Plant Santa Clara, California, Jan. 5 (Bloomberg) -- S3 Corp., the No. 2 designer of fast graphics chips for personal computers, will post a $500 million first-quarter gain after one of its partners bought out its share of a Taiwan semiconductor plant. United Microelectronics Corp. bought S3's stake in United Semiconductor Corp. and also completed the purchase of three other former joint-venture chipmakers yesterday. S3 said the gain represents the difference between the value of the 252 million United Microelectronics shares it now owns and its investment in United Semiconductor. Two other companies said they'll post gains because they held stakes in the ventures United Microelectronics' acquired. Alliance Semiconductor Corp. said it expects to recognize a $532 million fiscal fourth-quarter gain. Xilinx Inc. said yesterday it will register a $400 million gain in its fiscal fourth-quarter United Microelectronics Corp., based in Taiwan, is the world's No. 2 computer chip ``foundry,' a subcontract manufacturer. Its shares surged 6.5 percent to a record high of NT$118.5 in Taiwan yesterday on what was the first trading day for the enlarged company. S3, based in Santa Clara, California, fell 1/16 to 11 1/8 in early trading. Its shares have risen 50 percent in the past year. Alliance Semiconductor, also based in Santa Clara, fell 7/8 to 14 5/8. Xilinx, based in San Jose, California, fell 2 to 43 11/16. Jan/05/2000 10:22