ATI Technologies in 1997 (T.ATY) Message Board

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Technology Stocks : ATI Technologies in 1997 (T.ATY)

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To: Stocker who wrote (5051)	2/6/2000 2:39:00 PM
From: Hawkeye	Read Replies (1) of 5927

Friday February 4, 6:08 pm Eastern Time 3dfx cutting workforce by 20 percent SAN JOSE, Calif., Feb 4 (Reuters) - 3dfx Interactive Inc. (NasdaqNM:TDFX - news) said Friday that it is in the process of cutting its workforce by 20 percent in a bid to return to profitability. The company, which makes computer graphics accelerator chips, boards and software, said the job cuts will impact 100 to 130 employees. The total includes the around 35 workers at its Special Technolgies Group (STG) which is being spun off. A management buyout of STG is expected to be completed in the next 90 days. 3dfx said it hopes to return to profitability in either the second or third quarter of this year. It was last profitable in the second quarter of last year. Separately, the company also said its vice chairman, Bill Ogle, had announced his retirement. The company's shares closed down 1/32 at 8-1/4 on Friday.

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