Here's Briefing.com's take on today's action,
"3Dfx INTERACTIVE (TDFX) 24 +3 3/16. From the group that once put Iomega into orbit, comes this maker of 3D media processors. This morning, TDFX shares raced out to an early gain of almost 25% after being named to the Motley Fool portfolio. "We are gamers, we are early adopters, and we have bought and loved this company's product," extolled the online investment service. Indeed, many video game enthusiast have become familiar with the company's products, particularly its Voodoo Graphics and Voodoo Rush chips. Early last month, TDFX told investors that adoption of the products has
been so good, it expects to report a 4th qtr sales increase of "at least double" its earlier forecast. That news initiated the stock's rebound from the $14 level, and has sent it as much as 89% since.
Fundamentals
Earnings Estimates (First Call): FY97= -25; FY98= $0.51
Price-To-Earnings Ratio: FY98= 47
Long-Term Growth Forecast: 30%; PEG= 1.57
Consensus Recommendation: Buy (Strong buy= 3; Buy= 1 Hold= 2"
This one is going higher for believers, hypers, momentum players and all! All we know so far is the prospects of good earnings this qtr., the bigger news is again I repeat, some kind of PC box maker tie-up, which will bring about IOM type mania in this one (fortunately or unfortunately!). |
