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

To: Jan A. Van Hummel who wrote (10754)	5/1/1998 10:16:00 AM
From: stock talk	Respond to of 14577

We can only hope for a wash out. It looks as if the table has been set at STBI, I can't imagine they are to happy with a chip supplier that can't supply. So all S3 has to do is come up with a "good" product. <Friday May 1, 9:28 am Eastern Time STB sees Q2 EPS 30 pct below expectations RICHARDSON, Texas, May 1 (Reuters) - Computer hardware maker STB Systems Inc. said Friday it expects its second quarter earnings to fall about 30 percent below the $0.32 a share expected by analysts' consensus estimates. The company said it expects to report revenues ''slightly above'' First Call analysts' estimates of $72 million. One year ago, the company reported second quarter earnings of $0.49 a share, on revenues of $48.7 million. However, it has performed 3-for-2 stock splits twice in the past year. It had 10.4 million shares outstanding at the end of the 1998 first quarter, versus 4.9 million shares at the end of the 1997 second quarter. The expected shortfall in earnings resulted primarily from three issues that occured in April. First, it experienced pricing pressure on its Velocity 128 and other products due to a competitor's lower priced product. Second, a major customer rescheduled the shipment of an STB workstation product. Lastly, STB had customer orders in the commercial channel for a new multimedia subsystem product, the Black Magic Voodoo2, which were delayed in shipping due to a vendor's inability to deliver confirmed memory orders to the company. As a result, initial product shipments have been delayed. The vendor has informed the company that it can expect to begin receiving shipments of the memory in mid-May.