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

To: Mark Chavez who wrote (7998)	11/19/1997 12:26:00 PM
From: Jim Berg	Read Replies (1) \| Respond to of 14577

Mark I believe also " But I'm not certain " The recent accounting " oversite ? " Is probably due to a "possible clause " In their agreements they had with manufacturers. Where SIII may have had a contract promise to repurchase or allow the return of unused chips. Perhaps feeling that their position in the industry was not going to disintigrate as it did, A clause like that could also have made it easier for the manufacturers to drop them as well. Otherwise the manufacturers could not have made the switch so quickly if they were in a position of having to clear the warehouses of SIII based inventory, They would also have had to continue promoting SIII in order to save themselves. I would just bet that MGMT took the gamble of hanging far out on a limb with their sales contracts, and it broke. Jim