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

To: Czechsinthemail who wrote (4316)	6/18/1998 7:36:00 PM
From: Doug Fowler	Read Replies (1) \| Respond to of 16960

What is important to note in the new estimates (if you believe them) is that TDFX earnings will not grow at all from the level reported this past quarter ($0.50 per share for one quarter, annualized at $2.00 per share.) In this field, when earnings don't grow, you get a low P/E ratio. Just look at Creative. They are forecasting in excess of $2 per share and are trading at $12. TDFX will more than $0.50 in earnings this quarter to stem this bloodbath. They will also need to deliver at least that much the following quarter to stem another bloodbath. The multimedia hardware companies are getting absolutely no respect right now, and it is going to take very positive news to turn this situation around.