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

To: Calvin Scott who wrote (11601)	7/24/1998 2:02:00 PM
From: stockroach	Read Replies (1) \| Respond to of 14577

Calvin, Its the Savage 2 from what my sources say, don't know anything about it but is suppose to have more memory. stockroach

To: Calvin Scott who wrote (11601)	7/24/1998 4:27:00 PM
From: Don Earl	Respond to of 14577

Hi Calvin, I had mixed feelings about the conference call. For starters 90% of the business coming from Asia is NOT a weakness in Asia, but a weakness in North America and Europe. I'm getting tired of every company that has a short fall in sales claiming the Asian "crisis" as the problem. I was more than a little impressed with the companies ability to control damage this quarter and conserve capitol. Incredible reaction time to business conditions that changed in a very short period of time. The call said there was $6 million that was accounted for differently that added to cash and investments, and that cash was flat from Q1. Not bad considering. I didn't get a warm fuzzy feeling from the mention of a restructuring charge to be taken in Q3 for the 20% reduction in the work force. I guess it's not that big a deal but we'll probably be looking at a one time charge in the $5-$7 million range (my guess, not theirs). The statements about having won, yet to be announced, design in status with at least some OEMs for Savage was great news. Supposedly we'll be seeing some announcements in the next 30 days. Although they didn't come right out and say it, I sort of got the impression that there have been some delays in getting Savage into production volumes. Everything I've been reading for the last few months has been suggesting they would be shipping product in volume this Q but it sounds like the probability of getting Savage into the product mix will be a VERY back end loaded deal this quarter. The keep taking good profits on the USC investment which causes me to believe that things at the foundries aren't quite as bad as some ANALysts would have us believe. I thought the commentary on consolidation was interesting. It sounds like they might be more actively exploring the possibility of a merger or take out than I would have expected. In general, I though the ANALysts did a lousy job asking questions. Most of us on the thread could have done a LOT better job. Many of the things I would have liked to have heard some commentary on were not even mentioned. Some of the questions were just plain stupid. Like the clown that spoke broken English who wanted to know the value of USC stock on the grey market. Moron. I would rather have seen some pointed questions on details of the texture compression deal with Microsoft and the exact status of Rev B. Bills analysis that Q3 is probably going to be kind of shaky with a hot Q4 is probably about right. I think stock movement this quarter is going to depend a lot on what kind of additional information comes out of the press. We're up in a down market so at least the street isn't taking the mixed news too badly. Regards, Don