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Technology Stocks : 3DFX
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To: Patrick Grinsell who wrote (9908)12/24/1998 11:16:00 PM
From: Patrick Grinsell   of 16960
 
25 million market cap?

Okay, I knew it sounded funny. This is the public offering amount which will be in addition to the shares already owned.

Here's the info from Edgar:
Common Stock offered................. 3,500,000 shares
Common Stock to be outstanding after
the offering........................ 28,565,226 shares

Minimum 230M in market cap. Given comparative valuations in the industry this is too high. The cash to be received from going public is so little that it won't give much of a buffer should nVidia miss a step.

Pat

P.S. Merry Christmas everybody. Aloha - virtual friends?
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