I can't believe they lost so much money. According to KP at the last quarter conference call, Rio should become profitable if large number of units can be sold, the chip business should break even, and the professional graphics should be profitable. That leaves out home networking (which I guess was also supposed to be profitable, but I'm not sure), and graphic cards. They made some investments, which are probably not counted in the loss. So where did they lose that much money? Graphic cards, certainly. But that could be so high? Add Frontpath. How much of the loss is from Frontpath? This will be an important factor for the market to decide which way to go.
A massive selloff may well occur tomorrow morning. Could there be something at the CC which helps to break the free fall? I hope
KP has been changing his business plans. He
picks this, and that, and we don't know when S3 is going to become profitable. At the last CC I asked him when he expects S3 to become profitable, he said Q1 if graphic cards can be shut down in time.
The loss is so much more than I expected. The institutions must have had some ideas. On the other hand, there is no massive insiders selling lately. So the signal is unclear.
If KP speaks like JWB tomorrow, all longs will be killed. A clear and convincing message is needed. But can the market be convinced?
Ryk asks "So where did they lose that much money?"
Figure it out, lady. It's done on V O L U M E!
Y'know, it's almost Halloween, and who is that double ugly face I see peering hungrily around the corner? Is it....is it...Oh, no! It is, it's that mean ol' OTC BB trying to lure us in!
Buy, man buy, then buy some more, keep this thing afloat rather than suffer such a fate. Hurry people, put your cash on the line and buy. Hey, mister, can you spare a dime? Yeah? Well, please put it on SIII to help us po wretches (and this billion dollar company) avoid the the OTC.