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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?


To: SBHX who wrote (2676)2/5/1999 2:44:00 AM
From: Sleeperz  Read Replies (1) | Respond to of 5927
 
It was cheap and had some assets that were promoted well by the new management. ie the Intel Xlicensing. and $2.50 in Cash and sold off to < $2. ATI could have bought SIII for NOTHING instead of TSENG and
eliminated a competitor.
SIII new management Nov 30 98 ( Ex CONNER, Quantum, DEC, TI guy knows the low margin biz). I expect once Intel releases its CAMIMO chipset with 4X-AGP some OEMs will be announcing computers with 4X AGP with the only 4X AGP Chipset out there, the Savage 4. Then lookout it will blow the top off. Who cares who wins as long as the stock is promoted
in the right direction and you take profits along the way and get off
before it crashes. :-) Cause if the stock goes down management does not care if you lose money. ;-)

The new CEO even bought shares the same day he was announced the new CEO.
30-Oct-98 POTASHNER KENNETH F Initial Filing 20,000 Common

CL

Still, SIII's stock did really look cheap for a long time, and if it wasn't for their track record of past accounting irregularities and questionable insider selling during those quarters of misrepresented financial results, I would be more inclined to buy (would have made some money if I did), but until I see real sales figures, I'm going to take whatever SIII management says with a grain of salt. Anything could happen, for all we know, one day, one could drive by their buildings and it could be empty. :-)