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


To: Intel Trader who wrote (4240)6/18/1998 12:16:00 PM
From: AJ Berger  Respond to of 16960
 
Montgomery only cut TDFX due to competition

Thursday June 18, 11:51 am Eastern Time

RESEARCH ALERT- 3Dfx Interactive cut

NEW YORK, June 18 (Reuters) - NationsBanc Montgomery Securities cut the stock of 3Dfx Interactive Inc. to a hold from
a buy, a source at the broker said on Thursday.

-- Earnings estimate for 1998 cut to $1.75 per share from $1.90. Estimate for 1999 cut to $2.00 from $2.20.

-- Earnings forecast trimmed due to ''competition in the 3D graphics market''.