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


To: Bill Lin who wrote (11025)5/22/1998 10:20:00 AM
From: Richard McMorrow  Read Replies (1) | Respond to of 14577
 
Hi all,
Saw this this morning and was wondering whether it might be of interest to anyone on the S3 web. Any comments?
Thanks

Friday May 22, 9:36 am Eastern Time

RESEARCH ALERT - 3DLabs cut to hold

NEW YORK, May 22 (Reuters) - CIBC Oppenheimer & Co. analyst Lenny Brecken said Friday
he downgraded 3DLabs Inc. Ltd. to hold from strong buy.

-- reduced earnings estimate to $0.40 per share from $1.02 for 1998, and to $0.77 from $1.54 for
1999.

-- cited lack of earnings in its high-end computer graphics chip business, and aggressive competition
on prices from Intel Corp.'s <INTC.O > I740 graphics chip in the Fear East.