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Technology Stocks : Number Nine Visual Technology -- Ignore unavailable to you. Want to Upgrade?

To: JR2 who wrote (785)	2/14/1998 9:49:00 PM
From: CharlesRiver	Read Replies (2) \| Respond to of 1183

No. No dumping of stock and no axe to grind. Just someone who is better informed than you about Number Nine. Why come out of the closet now? Because I've watched you "hand wave" in this thread long enough. It's clear you don't understand the market for graphics chips. Stick to what you do know, whatever that is. On the $250MM - yes, they went out at $150MM market cap and traded as high as (if memory serves) $26 or $27 a share. You do the math and you'll get to a quarter of a billion of lost shareholder equity. Do you understand the price points of the new chips from the various vendors? If you did, you'd know that, even with improved 3D (which was supposed to be stellar in the I2, but wasn't and then was supposed to be stellar in the I3, but wasn't), it won't compete well in the market. And the 2D performance with the current chip hasn't been good enough to get them any major design wins. NEC hardly counts as a major...and now you have Intel providing their solution. A solution that, although it doesn't break any new ground, will, because it's from Intel, change this market forever. And, you're being too kind to the CEO. He needs to turn things around because he screwed them up in the first place. Andy was and has been the CEO. Andy has presided over the lost shareholder equity, the talent that has left, the layoffs, the losses, the mess that Number Nine has become. In the past three years or so Number Nine has run through: 1 President 2 CFOs 2 COOs 2 or 3 VPs of Marketing 2 VPs of Manufacturing and a few others. The only constant has been the current CEO. If others "near the company" bolted, it's because they saw how hopeless the task had become. Incidentally, the VP Manufacturing just resigned. None of this is speculation. All is fact. Look at the record over the last three years. The graphics chip business is one of the most brutally competitive sectors within tech. Witness what has happened to S3, Diamond, Tseng and others along the way. But, and this is a very important but, you can run a successful business if you're smart. Witness STB. Nine has not been smart and that's why the stock is under $2 a share.