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

To: Adrian Wu who wrote (7206)	11/3/1997 11:47:00 PM
From: stock talk	Respond to of 14577

Yawn....... Yea, management lost some more respect on the Street, but we all knew that, those of us who have followed this company for a while. Maybe this will put GJ out the door. Unless they are lying,(possible, but I don't think so) bottom line is this shouldn't have much of an impact on annual revenue, if as their press release states: S3 Expects to Restate Revenues From Prior Quarters; Discovers Errors in its Timing of Revenue Recognition SANTA CLARA, Calif., Nov. 3 /PRNewswire/ -- S3 Incorporated (Nasdaq:SIII) said today that the Company has uncovered material errors in the timing of its recognition of sales to several international distributors and consequently expects to restate its revenues downward for prior quarters by a cumulative total of between $40 million and $70 million. The Company currently expects the resulting net income effect for those quarters to be a cumulative decrease of 14 cents to 29 cents per share.> This just might be a case of just inexperience management combined with Walt taking over(new CFO) and wanting to do things his way. Whatever, Yea, the market will over react and no this company does have some problems, but that is well already built into the share price(fair value with all problems should be $12-14) and no, the fools who compare this company to TSNG can't read a balance sheet. I will be using the next few days to do some day trading on this issue. As you look around at this thread everyone is selling and no one owns this company any more(good sign), I predict 365 day from now everyone will be saying they got in at the low of ???, and are selling for 100+ profit. Go figure

To: Adrian Wu who wrote (7206)	11/4/1997 12:44:00 AM
From: fiberman	Read Replies (1) \| Respond to of 14577

<by the tremendous cashflow that S3's low end products are generating. Don't worry about the joint venture; > Adrian, what are you talking about??? They will be giving away these cheap chips to cheap customers. They will not make any money selling these chips. They will be lucky, if they break even on them. Most probably when you add the cost of sales & marketing and discounts and other B.S. which is involved, the will be attching a $5.00 bill to every chip that they dump. If the new higher margin products don't make it, that is the end of S3. Joint venture & their building is all that is left. Creditors take your number and wait at the end of the line.