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Technology Stocks : 3DFX
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To: Bob Howarth who wrote (2588)4/25/1998 7:19:00 PM
From: Czechsinthemail  Read Replies (1) of 16960
 
Bob,

The 3.5 million shares are not newly issued shares but rather shares that have been restricted and are now freely tradable. The volume of new shares increases the float and can depress the price if many are put up for sale. But there is not an increase in total shares outstanding so earnings calculations are not affected.

Baird
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