Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: $Mogul who wrote (57309)	8/24/1999 2:26:00 PM
From: kendall harmon	Read Replies (1) of 120523

TDFX--3dfx shares fall sharply after earnings SAN JOSE, Calif., Aug 24 (Reuters) - Shares of 3dfx Interactive Inc (Nasdaq:TDFX - news) fell sharply Tuesday, following a steep second-quarter loss reported after the market close Monday. The company, which makes 3D media processors and related software, reported a loss of $11.6 million or 50 cents per share for the second quarter ended July 31, compared with a profit in the year-ago quarter of $9 million or 54 cents per share. Over the same period its revenues rose sharply, to $104.8 million from $58.6 million. Although no estimates were available to compare the company's performance to expectations, 3dfx did note in a statement that a delay in its planned merger with STB Systems prevented it from including that company's sales for the first part of May in its results. ''It is unfortunate that the merger with STB was not consummated until mid-May as opposed to the end of April as planned,'' 3dfx President Gred Ballard said in a statement

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