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Technology Stocks : 3DFX

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To: Chip Anderson who wrote (4569)6/22/1998 8:10:00 PM
From: Mike Sesan  Read Replies (1) of 16960
 
Chip,

I am long on TDFX and have been so through all this turmoil but I must say that I did expect at least a point today and hold. I am pretty far down on paper but still do believe in them.

My big concern right now is that they have 0 respect from the street. I wonder when an institution will buy this stock again. Even if they have a great quarter if they don't announce an OEM deal before earnings we could feasibly be sitting at $12 which if earnings are good bring us to $15 which is still below where we are now.

This company has got to get respect from the institutions again and they have not and are giving no indications whatsoever that they are dong so. I am just quite disgusted because they have so much going for them from the development point of view but they need to Smooze with the real players which are the institutions. My gut feel is they are being alittle too arrogant with there expertise and not being diplomatic about getting volume investors.

I am long and want to stay long but I am losing my patience.


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