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

To: Jan A. Van Hummel who wrote (7611)	11/8/1997 5:44:00 PM
From: Tom Terf	Respond to of 14577

To Jan et al on the suit settlement .. Historically, all settlements of this kind provide for about 5 % of the loss..once they are paid out several years hence. So you are looking at about $ 1/2 at best -- after the vultures take their 25 % cut. This will be paid out in about 2 years from now. If you are a current shareholder now and remain so you will essentially get back nothing since the stock will fall as these travails are transpiring. If you sold, then you may get as much as a 0.50 per share payout. Still small recompense based on the actual loss. Most of us have purchased S3 at around 12 - 14 .. I would guess.. so you are behind about $ 5- 6 on average. You'll therefore get back about 10 % of your loss - best case. End of story. You are better off figuring out how you might profit by judiciously trading this vehicle based on your knowledge of what may occur going forward. See my previous post for some in sights. I think you can easily scalpe back $ 1 or 2 of these losses with some quick in and out trading based on these major events. but long and short, but mostly quick "in and out" short sales. Hopefully the volume will pick back up. It's not unusal to see it trading here with less than 1M shares per day.

To: Jan A. Van Hummel who wrote (7611)	11/8/1997 5:49:00 PM
From: Leo Francis	Read Replies (1) \| Respond to of 14577

Jan, no,no, that's why I brought up directors' insurance. There exists a strong possibility that the insurance company(s) will be "paying" all or a substantial amount. Plus you must consider present value of money. Plus you have may get some recovery, and keep the shares. Plus you have to consider that S3 may never recover. Plus, if the stock is going to take a further hit based on legal matters,(which is now a reality anyway) you might as well get some relief, while you are still holding the stock. Your failure to pursue legally, will not "add value" to your stock will it? I urge you to at least seek some professional advice on this matter. These law suits are going to really bind up management. They will not be able to focus on the business as much as they need to. They will settle. And all shareholders in the various periods, are entitled to a portion of this forthcoming settlement. I think you will find, that the experts will tell you to pursue this class action, if you fall in the time periods. Good Trading, (trying not to preach-g-g) LF