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

To: Bill Lin who wrote (9150)	2/1/1998 3:05:00 PM
From: Ken Muller	Read Replies (1) \| Respond to of 14577

Bill: Re: Value of S3 I think you have got to add in some liability for the class action lawsuits: Bondholders- 5 3/4% interest was below market and was justified by convertible option. Since S3 padded the revenue numbers, I think the bondholders will be justified in asking for an adjustment to their interest rate to a market rate. Would guess probably 7 1/2%. Shareholders - Many of the class actions I have been involved with with mid cap companies, settle in the $20 million range. That's usually with some claim that the company should (shouldn't) have made certain statements. In S3's case, this could get very messy. However, I would estimate $20 million as a minimum to be safe. Ken

To: Bill Lin who wrote (9150)	2/1/1998 3:22:00 PM
From: michael liu	Read Replies (1) \| Respond to of 14577

To All: The following is the open Interest table for both calls and puts on Jan. 30, 1998. _______________________________________________________________ +.........Open Int. (Calls).................Open Int.(Puts)...+ + (Feb 5).....503...............................99............+ + (Feb 7.5)...257...............................50............+ + (Feb 10)....0.................................94............+ + (Mar 5).....91................................30............+ + (Mar 7.5)...10................................0.............+ + (Mar 10)....0.................................0.............+ + (Apr 5).....612...............................127...........+ + (Apr 7.5)...1552..............................525...........+ + (Apr 10)....964...............................387...........+ + (Apr 12.5)..1192..............................154...........+ + (Apr 15)....342...............................24............+ + (Apr 17.5)..133...............................0.............+ + (Apr 20)....na................................12............+ + (Jul 5).....739...............................501...........+ + (Jul 7.5)...412...............................89............+ + (Jul 10)....127...............................161...........+ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Based on the above table, I think its stock has bottomed at $5.00 unless ... Michael