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

To: Michael who wrote (8860)	1/20/1998 5:04:00 PM
From: David K.	Respond to of 14577

Return to Company Headlines S3 Announces Restructuring Program PR Newswire, Tuesday, January 20, 1998 at 16:51 SANTA CLARA, Calif., Jan. 20 /PRNewswire/ -- S3(R) Incorporated (NASDAQ:SIII) today announced that it will implement a restructuring program during the current quarter to reduce its operating expense levels. As part of this restructuring program, S3 has -- as of today -- reduced its worldwide workforce by 15% or approximately 100 positions. "By streamlining the organization and focusing on priorities, we expect to operate more efficiently and improve our overall competitive position," said Terry Holdt, chief executive officer of S3 Incorporated. "While a painful decision, this restructuring program is necessary to achieve the goals of our core business units." About S3 Incorporated S3 Incorporated, founded in 1989 with headquarters in Santa Clara, California, is the world's largest supplier of multimedia acceleration hardware and its associated software(1). S3 is committed to applying its expertise in audio, video, graphics and platform acceleration to create innovative and affordable products for the home, desktop and mobile markets. Except for the historical information contained herein, the matters set forth in this press release, such as statements relating to the expected effects of the restructuring program, are forward-looking statements that are subject to risk and uncertainties that may cause actual results to differ materially, including the ultimate future effectiveness and results of the restructuring program, the ability of S3 to realize efficiencies and cost savings from the restructuring program, and other risks detailed from time to time in S3's SEC reports, including its Quarterly Report on Form 10-Q for the three months ended September 30, 1997. These forward-looking statements speak only as of the date hereof. S3 disclaims any intent or obligation to update these forward-looking statements. S3 is a registered trademark of S3 Incorporated. The S3 corporate logo is a trademark of S3 Incorporated. Other marks referenced herein are the property of their respective owners. SOURCE S3, Incorporated -0- 01/20/98 /CONTACT: press, Kelly Morris, Public Relations, 408-588-8023, or investors, Walt Amaral, Sr. VP of Finance, CFO, 408-588-8007, both of S3, Inc./ Companies or Securities discussed in this article: SymbolNameNASDAQ:SIIIS3 Inc Return to Company Headlines <Picture> Select news or report:Company News S&P Company Report First Call Earnings Vickers Insider Trading S&P Industry Report To receive headlines or reports, enter a symbol in the box below or search for a symbol. ÿ ÿ ÿ <Picture>

To: Michael who wrote (8860)	1/20/1998 5:51:00 PM
From: Cosmo Kramer	Read Replies (2) \| Respond to of 14577

Hi Michael, <You won't get enough from the suit to buy a suit. But, I don't blame anyone for joining in.> It's the principal...S3's board and anyone else who rips off shareholders needs to know that down the road there will be payback. Even if the money ends up in the lawyers pockets. I suggest anyone who qualifies for the lawsuit to at least review what some of the Board did to S3's shareholders. It's a real eye opener! It will make anyone thinking of investing in S3 to think twice. Cheers, Mark PS: Go FDJA!