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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 (7829)	11/12/1997 11:57:00 PM
From: Parker Benchley	Read Replies (1) \| Respond to of 14577

It seems there is a dereliction of this fiduciary duty, and perhaps even something more serious. If S3 is to get back on track, it will have to make some of these changes soon, and the changes on the Board effective the next Annual Meeting. Jan, Ahhhh, there's the rub! Thanks Jan. Eloquently stated. So many companies forget that there is a legal precedent here with fiduciary duty. S3 is a public company. Fundamentals begin to deteriorate when this basic point of fiduciary duty starts to erode. It has to work in a symbiosis with rest of the fundamentals. When it's done correctly the fundamentals shine and create the synergy to carry an honest company through times like these. This is the essence of what Frank Monroe and others were pointing out here over the past few months. This transcends the numbers alone. If the "spirit" of this company had been open to the shareholders in valued recognition, we may have been very well defending the character of S3 and holding our shares fully confident of it being exculpated. What we've had is ivory tower behavior and arrogant indifference. It's all damage control now that could have been greatly ameliorated early on by simply acknowledging their fiduciary duty with a little old fashion niceness and open empathy. Sometimes the simplicity of what people really need gets lost in the heady, power atmosphere of corporate offices. As it stands, they've lost all trust and respect of their most ardent shareholders...and the investment community...not to mention the possible criminal charges that will need to be aggressively defended. Onward, George