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

To: stockroach who wrote (11597)	7/24/1998 10:53:00 AM
From: Michael	Read Replies (1) \| Respond to of 14577

The fab sale was booked last quarter and the gain was not included in this quarters revenue. The loss was minor considering they didn't have a product to sell. How did the balance sheet get better? Was something sold?

To: stockroach who wrote (11597)	7/24/1998 12:18:00 PM
From: wiz	Respond to of 14577

stockroach re: "are you really Leo" -g- Have you caught Leos latest?? Down over 50% since recco.. Subject 19430 The last three calls I know Leo to have made were... short Wal mart at 29... go long SIII at 12, and now this gem he liked near 10.-g- He's excellent at assett allocation, and management, and I doubt got hurt very badly, but the smucks that listened got pretty burnt! ... Why am I smoking??-g- Mark

To: stockroach who wrote (11597)	7/24/1998 12:59:00 PM
From: Calvin Scott	Read Replies (2) \| Respond to of 14577

Stockerroach, I just listened to the CC and thought it expressed cautious optimism. Terry Holdt and Walter Amaral work very well together. A couple of items of interest. 90% of revenue came from Asia, 7% from North American and 3% from Europe. I don't like that 90% and I hope they can get that down below 70%. Q3 will not be much different with continuing pressure on margins due to the competition in the low end markets. 10% of revenue was from portable. S3D portable chip will not start sampling until the 4th or 1st quarter. Lets hope they can improve on that. S3 will only enter the portable market with discreet i.c.s and have discontinued further r&d all other products in portable. There was an increase in inventory due tot he Asian markets (to 4 turns). What I thought was rather exiting was the declaration of a new product to be announced soon. You have to listen to the CC and make up your own mind what type (exponential patents??). All in all it was a very long CC but I like the confidence expressed by Terry and Walt. For those who forgot the number it is 402.220.8538. Calvin Scott

To: stockroach who wrote (11597)	7/25/1998 12:18:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 14577

Hi stockroach, Nope, no disguise. I don't even use a handle <g>. <How much money would S3 lost if they did not sell part of the Fab?> According to Zacks they lost 15 cents last quarter excluding one time charges/gains, although it's still a bit of a mystery to me how they came up with that figure. Please excuse occasional bouts of rambunctious enthusiasm, but that 100 month chart really is pretty. It's the kind of chart that TA players have wet dreams about. I'm not a pure TA player but I do believe that there is a lot to be learned about probable price movement by studying the patterns. I try to fish close to the bottom so I tend to be at my most cheerful when the bottom falls out (buying) and at my most negative when it goes up faster than I think it should (selling). The last time SIII was this cheep, book value was $1.89 per share. January and now is the only time S3 has ever traded below book. Going forward, I think we'll start to see a trading range plus or minus 50 cents of book value. Volume and volatility should pick up with day trading money coming back in. Picking up a half on a $5 stock is a huge profit for traders. Considering that a time deposit pays about 5% per year, you really can't blame anyone that thinks making 10% in a day is a nice pop. I don't think we'll see 8s this quarter and 7s might be a bit of a stretch. I do think there is going to be a ton of money changing hands in the 5s and 6s. I'm probably breaking the "Longer Term Perspective" rules, but it takes trading money and short term patterns to break out of a bottom. Regards, Don