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

To: Dave O. who wrote (7702)11/10/1997 7:03:00 PM
From: Tom Terf  Respond to of 14577
 
Dave:

I agree with you.

The falsified records are definitely closer to $70M level
than $ 40M. S3 is sugarcoating the bad news again.
However, the good news is that it is the last time, since ...

They will take a significant inventory writedown next month ..
Look for $ 30 M writeoff or about 0.60 per share.
This is called an accounting "bath."

When added to Q4 operating loss, you are looking at 0.72
EPS negative.

1998 is breakeven at best.



To: Dave O. who wrote (7702)11/10/1997 7:27:00 PM
From: Tom Terf  Respond to of 14577
 
>> I spoke with Sandy (at S3) last week about how far back they're going. She doesn't know .. <<

She was coached by the lawyers to give you an
evasive or non-answer.

You probably call the I.R.S. when you need tax
advice, right ?

Same results..



To: Dave O. who wrote (7702)11/10/1997 7:32:00 PM
From: Leo Francis  Respond to of 14577
 
Dave, agreed. LF


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