Of the graphics division mean for shareholder
VALUE?? We are trading around 20-24 range now when we
sale this part of the company 1) should this increase
the over all value of SIII and 2) well they give some
of the cash as a special DIV to shareholders??
"SIII can save a lot of tax by transferring the
shares (some of the UMC) to a Taiwanese based company.
Consider VIA and SIII co-own a new graphics company and
pay tax in Taiwan. Cooperate tax in Taiwan is much
less than here. "
These ideas never occured to
me but they are very significant. Thanks for the
good thinking. Plus the Intel problems with VIA can be
resolved with a bit of diplomacy and all will come out
winners. (someone in a recent post implied that VIA, S3
and INTC were at dinner this week in Santa Clara..I
Monday could be interesting. rez
Yup! Heard that 'un too, podner... Did you hear
the follow up? A news reporter interviewed the Texan
about his heroic rescue, and posed the following
question: "What if it had been a guy that was choking?" The
Texan thought for a second, then blurted: "A reckon he
woulda died!"...(:>) Have a good weekend, All!
3-4 times its revenue, annual or
SIII reported $180M revenue last Q with 80% of it
coming from the graphics division. That will be ~$600M
(annual) revenue from graphics division.
saying the graphics division should be sold at $1.8B to
I think SIII will bundle some of the UMC
shares with the sale. It will be of special interest to
VIA. SIII can save a lot of tax by transferring the
shares to a Taiwanese based company. Consider VIA and
SIII co-own a new graphics company and pay tax in
Taiwan. Cooperate tax in Taiwan is much less than here.
Subject: DID YOU HEAR THE ONE ABOUT THE TWO
Two Texans were having lunch at their favorite
when they noticed a young woman at the next table
having trouble breathing.
One of the Texans got up,
walked to her table, took her face in his big Texan
hands and said, "Kin ya =
her head "No." "Kin ya breath?" Again she shakes her
The Texan grabs her around the waist
with one of his
big Texan hands, turns her
over, pulls up her shirt,
pulls down her panties and
licks her right on the =
Of course the
young woman was so shocked that
she coughed causing
the food to dislodge. The big Texan
her panties, pulls down her shirt, turns her
side up, tips his hat and returns to his seat.
companion is sitting there stunned. "I have
seen anything like that in my whole life!" he
to his heroic friend.
"YEAH, I TELL YA, THAT HIND
LICK MANEUVER WORKS EVERY =
information floating around the net about the
sale of SIII graphics section. It also appears that a
deal is immanant. However, it further appears it is
not going to be well recieved by the investing
community. That has me worried.
If graphics is sold for 1.6 b. $ and UMC is worth
1b. $, that means the company has 2.6 billion US $,
this is nearly 30$ in cash for one share? (minus
+ the value of the "rest" of S3 (webpad, Rio,
homenetworking, MP3 stuff ...)
There is no way S3's grfx business is worth $1.6B
without the UMC holdings also included. Even including
the UMC shares, it's a stretch to see the grfx worth
$600M. We have a competitive mobile product but the
desktop product is still lagging NVDA. If you're
suggesting the IP is worth tha tmuch, remember that the
cross-licensing agreement with INTC is non-transferrable.