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

To: Ken Muller who wrote (7505)	11/6/1997 4:34:00 PM
From: Tom Terf	Read Replies (2) \| Respond to of 14577

Ken: You have a good point here. The debenture holders usually have fairly strong rights as you suggest... and with zero profits to cover interest on this debt going forward, S3 could be in a real bind. The bond holders obviously can't see the stock at the $ 19 conversion level any time soon, so they may be highly motviated to overturn the whole agreement as you suggest.

To: Ken Muller who wrote (7505)	11/6/1997 6:46:00 PM
From: Ken Muller	Read Replies (1) \| Respond to of 14577

To All: Let me correct an inaccurate statement I have made. <<It concerns the issuance of $100 million of convertible debentures which I believe occurred during the period of inaccurate reporting.>> In further checking 10K statements, all of the $103 million in notes were placed prior to the start of the 2nd quarter. They were originally issued during Sept 96. I had seen some thread conversations during the summer which led me to believe there were additional notes issued. That does not to be the case. I apologize for any misunderstanding. Ken