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

To: Mark Chavez who wrote (8426)	12/16/1997 10:54:00 PM
From: JAG	Respond to of 14577

Seen the bottom in S3. Strong move up tommorrow and next 4 weeks. Tax selling is over. Watch the shorts begin to cover and others who will be buying on signal that bottom has been reached. S3 has some serious issues to face, i.e., lack of strong 3D product in current product cycle. However, this stock has been punished too much. By Jan 15 stock will recover to $8.00.

To: Mark Chavez who wrote (8426)	12/16/1997 11:14:00 PM
From: JAG	Read Replies (2) \| Respond to of 14577

Mark, Do you mean that S3's 30% stake in JV1 is worth $18 a share alone and S3 is trading at $5 and change, which is less than book value. Great news from Japan as they just announced a tax cut to stimulate the economy. The tide is beginning to turn.

To: Mark Chavez who wrote (8426)	12/16/1997 11:33:00 PM
From: Jan A. Van Hummel	Read Replies (2) \| Respond to of 14577

Mark, Until there is an IPO at which time the market will put a real, tradable value on S3's share, any valuation is conjecture. Besides Lehman's report is flawed. S3's share is 23.75 % with rights to 31.25 % of the production. TSMC, which is public, is trading at abt 12 times the original investment, so obviously, once JV1 goes IPO it will trade at some multiples. As one (1) multiple means $2/share of S3, and with abt $2+/share of cash, it doesn't take a magician to see that the stock is undervalued (out of favor). Hopefully, the JV1 will help to correct this partially, new products would really help. Mind you, ALSC is not doing that great either, they are trading at just below 5. Interesting times will be ahead. JMHO Jan