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To: Jon Tara who wrote (8616)	1/22/1998 4:37:00 PM
From: Kulnor	Read Replies (1) \| Respond to of 13925

ESS Technology Reports Fourth Quarter and Fiscal Year Results biz.yahoo.com ''We are disappointed with the financial results for the quarter,'' said Fred Chan, chairman and chief executive officer. ''While our sales were strong, reflecting seasonal demand, we experienced a surge in inventory late in the quarter, requiring us to take appropriate financial reserves. This surge was primarily due to two factors. First, one of our wafer fabrication foundries, from which we purchase certain products on a 'per good die' basis, achieved an unexpected increase in manufacturing yields that resulted in a greater quantity of products being received. Second, customer transition to new products has been slower than anticipated. We are taking steps to avoid a reoccurrence and to return to normal inventory levels in the next few months.'' P2

To: Jon Tara who wrote (8616)	1/22/1998 4:46:00 PM
From: Kulnor	Read Replies (1) \| Respond to of 13925

Diamond Multimedia Reports Results for the Fourth Quarter and Year Ended December 31, 1997 Reported $0.20/share, estimate was $0.14 Loss 0f ($1.33) for the year, estimate was a loss of ($1.25) (no I wont give out my source <G>) biz.yahoo.com ''Diamond Multimedia transitioned through a very difficult time in 1997,'' said William J. Schroeder, President and CEO. ''But the team pulled together and we ended the year on a definite up note. We are pleased with our fourth quarter results and look forward to the first quarter of 1998 with a sense of renewed optimism.'' ''We continued to see strengthening product demand in the fourth quarter, particularly for our newer graphics products, and net revenues increased by over 100% from the third quarter,'' stated James M. Walker, senior vice president and CFO. ''As a result, we saw margins and inventory turns increase and days sales outstanding decrease during the quarter.'' P2