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

To: Ken Muller who wrote (8651)	1/5/1998 2:57:00 PM
From: Parker Benchley	Read Replies (2) \| Respond to of 14577

Ken, Jan, Do you think the new lawsuit announced today will be basically a non event and just be grouped with the others? Onward, George

To: Ken Muller who wrote (8651)	1/5/1998 3:30:00 PM
From: Michael	Read Replies (1) \| Respond to of 14577

<UMC wouldn't buy back the stock unless it was a good deal for them. Therefore the stock was probably sold at a discount.> What is your basis for this? Buy the same token, I could say that S3 wouldn't sell it unless they were getting a good price. This is especially true since they have a large cash reserve already. The important thing is that on a $100M (approx) investment, they have sold 34% of it for $72M. That's pretty good. I might add that $72M is enough to buy back 25% of their stock back at today's price.

To: Ken Muller who wrote (8651)	1/5/1998 4:23:00 PM
From: Jan A. Van Hummel	Respond to of 14577

Ken It probably was a good deal for both. If the old deal forced S3 to take more production than they needed they were at risk. That risk may have been eliminated. While the premium was not great, it was a premium nonetheless and one that almost gives them 15 % of USC a few pennies. Not too shabby. JMHO Jan