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

To: Michael who wrote (8382)	12/14/1997 2:09:00 PM
From: JAG	Respond to of 14577

"In regard to the S3 and Intel handing over CRUS money, why would Intel since they don't currently nor have they ever manufactured graphics chips (as I understand it) and CRUS main business is graphic chips?" Michael, that is a good question. I think that industry is now ripe for consolidation. The trend in industry is to integrate graphics such as with Cyrix processor. Some of the integrated chip manufacturers (example LSI Logic) may be interested in S3's techinal expertise in order to accomplish the same as Cyrix. These integrated circuit makers will defintely be looking at S3 given the less than book value price. I can not believe this price in light of the historical and current valuations on other tech stocks. I feel sorry for those who bought in the $8-10 share price because I thought the stock was a good value then. Even Cirrus Logic, who never has made serious money, bottomed at 1.5x book value. They also had management problems, losses, and host of same problems facing S3.