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

To: stock talk who wrote (8487)	12/19/1997 3:20:00 PM
From: jkb	Read Replies (1) \| Respond to of 14577

Frank - I hope this is good for you guys - but personally, they should have fired GJ from the company. He should have no place at S3.

To: stock talk who wrote (8487)	12/19/1997 3:42:00 PM
From: Phil Fischer	Respond to of 14577

I feel much better now.

To: stock talk who wrote (8487)	12/19/1997 3:50:00 PM
From: fiberman	Respond to of 14577

<Terry Holdt Named CEO, President and Chairman; Gary Johnson Appointed Vice Chairman of the Board; Diosdado Banatao Resigns as Chairman But Remains on the Board> It is great for S3 shareholders that Terry is back as the "Chief", but I am really disappointed that they still hold on to the biggest waste, Gary Johnson. He should be fired and put in jail. He ruined this company. He should be demoted to a "Fiber" salesman, like me ;-(

To: stock talk who wrote (8487)	12/19/1997 5:01:00 PM
From: Tom Terf	Read Replies (1) \| Respond to of 14577

The dumb Brit has been canned as CEO. Now Terry will announce massive writedown of the inventory out there that was " accidentally" counted as revenue. Look for for $ 30M writeoff. Dado-head slipped out. He sold a lot of stock too.

To: stock talk who wrote (8487)	12/19/1997 5:43:00 PM
From: Ken Muller	Read Replies (2) \| Respond to of 14577

Frank: <<The composition of the Board of Directors remains unchanged with S3's co-founders, Dado Banatao and Ron Yara, continuing as Directors of the Company.>> These guys still don't get it. Not even "We're sorry about the revenue misstatements". Just a total abdication of responsibility. If the market rewards these people with a higher stock price, the new investors can expect the same treatment as before. They were all involved. Sad. Happy Holidays, Ken

To: stock talk who wrote (8487)	12/19/1997 10:53:00 PM
From: Jan A. Van Hummel	Read Replies (2) \| Respond to of 14577

This is a good move. Banatao had an emotional attachment to S3 as a co-founder and may have uninentionally acted as a brake rather than an accelerator. Often entrepreneurs succesfully start companies and bring them to a certain level only to become counterproductive when the company has grown to a point where it does need a new spark to take it to the next plateau. The founders are not always the most suitable ones to provide that spark. Seems to me that this is taking place right now. Holdt, from what I have read and heard, is well-respected and will not be hampered by S3 being "his baby." He will do what is right. Contrary to what I have read on other posts, GJ is not demoted or side- tracked, he stepped up to the position of Vice Chairman of the Board. Generally, when you are CEO, COO and/or President you are in a position where you can be kicked out. Once you're on the Board you can do the kicking. GJ was not hired for his nice blue eyes neither was he a cronie nor did he get his job through favoritism. He brought certain qualifications to S3 the company felt it needed. The fact he has moved up indicates the company still feels that way. However, it is unclear what his immediate area of responsibility will be, but I am sure it is needed. Obviously, being involved and responsible for the day-to-day may have been too much to ask. Diversification was likely needed but the result of the decision made left much to be desired, but Monday quarterbacking is always easy. The restatement issue occurred on his watch, but the administrative side of running a company was likely not his forte. You tend then to rely more on others and here he may have erred. With the repricing of options of middle and lower echelon employees announced earlier this week plus the changes announced today it is evident that the Board and management are working toward increasing the focus of its operations and that is encouraging to see. It takes a man to make the move Banatao made. As co-founder and as one of the largest (if not the largest) individual shareholder of the company, this must have been a difficult decision. This speaks well of both him and the other people to make the changes they did. All in all two very positive moves that should position the company for a recovery of its stock price to a level in line with other, comparable companies in the currently depressed market. Once S3 gets some new products to market sooner than later, like the GX3 say in the next month or so, we should make some real progress. This leaves one main issue open IMO and Ken touched on that. We need to see an majority of outsiders on the Board. Ideally, add two director positions and fill these with outsiders. I feel a lot better about S3 than I did a week ago. George can now truly say onward and upward. JMHO Jan