Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: stockbug who wrote (4892)	1/26/1998 4:28:00 PM
From: Frank Povoski	Respond to of 8193

Listen to the conference call and call IR (Bonnie McBride)510 623-8300 on how they have lead the number for this year lower. Post what she says. I think they over did it unless they are really looking for some bad quarters ahead.

To: stockbug who wrote (4892)	1/26/1998 5:46:00 PM
From: Frank Povoski	Read Replies (3) \| Respond to of 8193

I assume this is good news for CRUS, but may it is not given the stocks movement today. Any comments?? Agreement Increases Breadth of S3's Patent Portfolio SANTA CLARA, Calif., Jan. 26 /PRNewswire/ -- S3 Incorporated (Nasdaq: SIII) today announced that it has agreed to a $40 million patent purchase and cross-licensing deal with Cirrus Logic, Inc. (Nasdaq: CRUS) to enable a patent portfolio exchange between the two companies. Through the patent purchase, S3 is buying 10 graphics patents and 25 graphics patent applications from Cirrus Logic for a price of $40 million. With respect to Cirrus Logic's remaining patents not covered in the purchase, and S3's patents, S3 and Cirrus Logic have entered into an accompanying cross-licensing agreement. Under the terms of the cross-licensing agreement, S3 and Cirrus Logic will have a perpetual license to each other's graphics patents and additional licenses with respect to the other party's patents for agreed upon periods of time. Completion of both the patent purchase and cross-licensing agreement is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. "Through this agreement, S3 is increasing the breadth of our patent portfolio," said Terry Holdt, chief executive officer of S3 Incorporated. "Given our commitment to the graphics market, this addition to our intellectual property base will be an important investment as S3 competes in our highly competitive marketplace."