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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Peter S. who wrote (13284)	6/14/1999 9:53:00 PM
From: Joe C.	Read Replies (1) \| Respond to of 16960

Didn't see anything new or exciting based on a skim. Didn't see a word on goodwill amortization - would have thought it would be included - gotta admit that I'd rather do my DD playing my V3 nowadays then reading through this stuff - guess I'll print it out at work and read on the bus - been having trouble sleeping with the recent volatility - I would have thought that with the greater number of shares we would have put some of this behind us. Tech stocks are taking it on the chin lately so who knows - even Dell's been letting me down lately - hopefully ORCL will surprise me with earnings tues. - need some good news for a change. Joe C.

To: Peter S. who wrote (13284)	6/15/1999 9:25:00 AM
From: Peter S.	Read Replies (2) \| Respond to of 16960

I guess this is the bottom line of the 10-Q: "The Company incurred net losses of $3.5 million and $2.2 million for the one month ended January 31, 1999 and the quarter ended April 30, 1999, respectively. These net losses incurred were attributable to the lack of substantial revenue and continuing significant costs incurred in the research, development and testing of the Company's products." "Revenues. Revenues are recognized upon product shipment. The Company's total revenues were $40.4 million in the three months ended April 30, 1999, and $50.0 million in the three months ended March 31, 1998. Revenues in the three months ended April 30, 1999 were principally attributable to sales of the Company's Voodoo3, Voodoo2 and Banshee chips. Substantially all of the revenues in the three months ended March 31, 1998 were derived from sale of the Company's Voodoo2 and Voodoo Graphics chipsets. The decline in sales can be attributed to the announcement of the merger with STB which caused some of the Company's customers to end or curtail their relationship with the Company. See "Overview". As a result of the merger, some of the Company's significant customers will not do business with the combined company because these customers were competitors of STB and will therefore be competitors of the combined company." There is a note that this report is meaningless in terms of analysis due to the merger etc. We will need the STB financials for a more complete picture but it will only have 1 month of Voodoo3 sales at best. It would have been nice if 3dfx's customers paid their bills too. Lots of risks and potential downsides noted throughout the report but nothing we didn't already know. Frankly, I am not qualified to make anymore of an assessment than that but I see the bid/ask has jumped 50c just before the open. Peter "Not an accountant" S