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

To: mark doubiago who wrote (12723)	2/12/1999 10:08:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 14577

Hi Mark, <Hopefully in a month of two we will all forget about this when we are up in the teens or higher after those 2-3 million chips a month are being sold. Does this seem high to anyone else?> The part that struck me as odd is where the statement came from in the first place. It's the sort of thing that S3 flat refuses to give any kind of comment on. I don't really think the numbers are all that far fetched. To turn in $120 million in sales like they were doing through most of 97, the volume would just about have to be in that ball park at maybe $15-$25 per chip. If open interest in options is any kind of guidance, it would tend to point to a price in the $10 range around April-May. I really don't think S3 is all that bad an investment, it's just that I get mad at the rate they burn stock. Regards, Don