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

To: Bob Rust who wrote (2460)	4/23/1998 3:00:00 PM
From: Mark Carson	Respond to of 16960

2) which brings me to Intel. Who cares about their vaporware plans for sometime in the indefinite future? Their products are "good enough" (must be the company motto), and they're sure not going to displace 3DFX's stuff. This is just a preemptive strike by Intel trying to keep their name at the top of everybody's list, and all the cretinish, sub-100 IQ investors out there believe them. >>> Honestly - 3DFX has been competing against tomorrow-ware since the went public. The only reason the market is worried about Intel is because they are INTEL. Intel WILL produce a product and it WILL match the specs they set forth. The market still hasn't figured out that the issue of timing is rather significant in the business. 3DFX might be on Banshee 3 by the time this stupid chip is on the processor . . . . It could also cripple 3DFX's ability to grow past a niche product market, we shall see. Mark

To: Bob Rust who wrote (2460)	4/23/1998 3:09:00 PM
From: John Coltrane	Read Replies (2) \| Respond to of 16960

>>..mired in a web of shortsightedness and stupidit<< We've all been there. Economic FACT: If there are more sellers than buyers the price goes down. After "Incredible earnings", theoritically the number of people who'd like to own a stock increases. Consequently, more buyers than sellers and not enough shares to satisfy all the buyers as some sellers choose not to sell. Price goes UP, more buyers come and cycle repeats itself, sometimes several times a day. Conversely, if a majority of the shares are held by those who choose to sell into the increased demand. And the quantity of shares are enough to satisfy the demand, then the price will not rise (or at least very little). Importantly, if the number of shares available to be sold by sellers outnumber the number of shares demanded by buyers, the price will fall. If that number GREATLY exceeds the demand the price will drop like a rock. FACT: Prices do not rise simply because of "incredible earnings". If you trade simply on this premises you will ultimately fail. Prices rise if Demand cannot be satisfied by Supply! A market is ruled by the forces of supply and demand. Now, what I'd like to know is what the heck is going on over at Merrill?