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


To: Patrick Grinsell who wrote (13498)6/26/1999 6:41:00 PM
From: QuietWon  Read Replies (2) | Respond to of 16960
 
dailynews.yahoo.com

Maybe the US institutions will realize that ATI #1

1) only 2 computer manufacturers don't use ATI's chips - and predicted that by year end, those 2 will use ATI's products

2) set-top box market

3) HDTV - PC board

Come on ATI, buy out Westaim's Flat Panel division. Westaim, sell it - your stock price is doing diddly squat and you have a great product.

Come on ATI, partner with RIMM for a video screen on RIMM's pager (about time RIMM did something in stock price movement).

Come on ATI, buy back some shares, so the stock price will move - that's probably why a lot of Nasdaq investors & traders stick with the US graphics co's.

ATY is BOTH the designer and manufacturer - never underestimate the Ky Ho...never underestimate the University of Waterloo. UoW grads get snapped up the most in the world by tech co's eg. MSFT.



To: Patrick Grinsell who wrote (13498)6/27/1999 9:17:00 PM
From: Joe C.  Respond to of 16960
 
Shareholder Rights Plan?

That Gildner Gagnon filing made me think of the anti-takeover provision that TDFX had filed last year. Finally got the chance to dig but I wish could've put this question up for Scott. A Forbes article I found reported the details:

<<the board of directors adopted a shareholder rights plan that, under certain circumstances, will entitle shareholders of the company to purchase shares of 3Dfx common stock at a discounted price in the event that any person or group acquires 12% or more of 3Dfx Stock. The link - forbes.com

The SEC filing has their ownership percenatge at 16.3% - clearly above that level. Did this provision get lost in the merger? Does the "certain circumstances" clause mean that TDFX talked to them and is happy about their position? Maybe someone could call them to find out. Joe "waiting for the real scoop on Tuesday" C.