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

To: Michael who wrote (10373)	4/3/1998 4:24:00 PM
From: JerryP	Read Replies (1) \| Respond to of 14577

I think that may be incorrect. As I remember, albeit thru foggy glass-pieces, besides a specific technological arrangement there also was some kind of equity arrangement. You should be able to find it in one of the filings. JP

To: Michael who wrote (10373)	4/3/1998 10:10:00 PM
From: FactBoy	Read Replies (1) \| Respond to of 14577

Did you notice the big 18 month exit package for GJ? Or the 25% increase to $500K for the new CEO? Even more amazing is the 500K shares in one year for TH - that is big - a 1% dilution to future earnings. When TH gets the stock price back to $25, he will have had a $10Million year. I don't post opinions, I only post facts with a little personal slant. They wouldn't let me have the FactBoy moniker if the facts weren't true, would they?

To: Michael who wrote (10373)	4/3/1998 10:30:00 PM
From: Sr K	Respond to of 14577

Individual investments that are less than 2% of assets do not have to be isolated. In June 1997, pursuant to a Stock Purchase Agreement FDJA "sold a total of 526,316 shares of its Common Stock to S3 for an aggregate purchase price of $5.0 million. Upon the consummation of the Offering, the Company will issue an additional 307,018 shares of Common Stock pursuant to certain anti-dilution rights granted to S3 in connection with such Stock Purchase Agreement. S3 is also entitled to certain registration rights" (from FDJA IPO 424B4). S3 filed a 13G on Feb 13 for these 833,334 shares or 6.9%, and it's about $7.5 million for its $5 million investment 10 months ago. It's a 50% gain but only 14 cents a share.