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

To: Michael who wrote (7429)	11/5/1997 5:25:00 PM
From: Tom Terf	Read Replies (1) \| Respond to of 14577

Michael: The accounts receivable surge should have been understood by management. A/R doesn't just jump 35 % on flat sales without some bogus entries. This is the thread that the investigators will focus on. Also, while they reported bogus results to the street, somehow they decided not to continue this stuff to the 10Q report for the S.E.C. boys which is due now. So they found some religion so to speak. That's how these things usually go. eventually you have to stop and spill it out. But that is after you got to sell off all your stock at much higher levels. So what are we going to do to that ignoramous, Johnson. However, the previous 2 or 3 quarters (since Johnson arrived coincidently) are incorrect, but to a far lesser extent than the most recent quarter (September). I think they are trying to cut their legal losses somehow. We shall see more news on this, It not over by any means. It will be be bad news .. not positive for a while. The investors won't take this "lying" down. Do you really think Johnson is that naive ? Maybe no one ever explained to him about the accounting of distributor revenue, huh ? Yeah, that's it. Dumb, Brit !