3DFX Message Board - Msg: 4971741

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Technology Stocks : 3DFX

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To: R Stevens who wrote (4575)	6/23/1998 12:09:00 AM
From: Andrew Fenic	Read Replies (1) of 16960

I'm not complaining. When a 20% per day drop seems to be the norm, UP 1/8 of a point is exciting (!). On the Micron/Rendition news, I'm not sure if I would welcome a buyout offer at this point in time. TDFX stock has been beat up to the point where investors might dump the company in a fire sale; destroying our chances for great long term appreciation in exchange for a quick 10% or 20% gain on present holdings. That would be unfortunate when one considers that just a few months prior we would have laughed at a $30 per share offer. Time may have changed investor sentiments but it has not changed 3DFX in any appreciable way. They are still the same company with great products, a strong balance sheet, and big plans for the future. How many of you bought and dumped Intel, Compaq, Microsoft, or America Online 5+ years ago on some short term downswing and negative investor sentiment? Was that a smart decision? Don't repeat it now.

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