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Technology Stocks : 3DFX

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To: timbur who wrote (12187)	4/30/1999 4:00:00 PM
From: Piranha	Read Replies (2) of 16960

Meetings have been temporarily adjourned while they count some more votes and will re-convene at 1:30PT/3:30CT. I'm not sure of the 3dfx meeting details, but at STB's (I went despite my job problems) they were about 2% of votes short of officially declaring the merger a done deal. What this likely means is that the merger could be delayed a week or two until all the votes have been counted. They told me that the STB-3Dlabs suit did NOT factor into the delays at all and that SEC approval was the sole reason for the delays. As far as the actual vote itself is concerned, an OVERWHELMING MAJORITY of the vote received have been FOR the merger, and the problem is that there simply have not been ENOUGH of them counted to declare it official. There is absolute confidence that a passing vote will be received. If the delay has to be taken, it would mean that STBI and 3dfx will continue to report Q1 as separate entities. The reason for the rushed vote was so that they would be able to report as a single company. "Deciding if I want to brave traffic again today" Piranha

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