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

To: Leo Francis who wrote (7615)	11/8/1997 5:57:00 PM
From: Tom Terf	Read Replies (1) \| Respond to of 14577

Director's insurance is capped at about $ 4-5M, max. But some of this money will be used too pay personal legal bills of the individual directors as necessary. S3 has not purchased insurance for an unlimited exposure. Normally settlements tend to made at the nominal maximum $ 5M insurance level plus if the Company is really guilt like S3, then they may have to kick in a further $ 5 - 10M Also, the lawyers may try to recover some of Gary Johnson's stock gains.. and other Board members and S3 employees who sold their shares while knowledgeable of the scheme. This is where the SEC gets involved, if they do here. So you have about $ 10-15M before lawyers fees to spread around. Assuming average loss is $7 x 50M shares you'll get no more than 5 % of the loss recovered. The numbers are all the same. This has happened before. Forget it .. it's pocket change relative to what you actually lost !