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

To: Andrew Fenic who wrote (4399)	6/19/1998 11:10:00 AM
From: Piranha	Read Replies (4) \| Respond to of 16960

Here's some information I had yesterday. I decided not to post it until after today's open, because I didn't want to cause anyone any additional grief after-hours in case it was a non-event (which it now seems to be). According to a First Call report time stamped 4:28PM, The other analysts covering TDFX have also lowered their estimates, pretty much in line with the Montgomery numbers. I don't know whether the original reports were issued before or after close yesterday and therefore whether they might have already had their effect (if any, at this point) on the market. New numbers (again, as of 4:28, 6/18): Q2 Q3 Q4 FY 0.48 0.47 0.50 1.85 RA-RS 0.49 0.50 0.58 1.97 DLJ 0.47 0.41 0.47 1.75 MONT ---------------------- --------- 0.46 0.46 0.51 1.85 Consensus (Note that FahneStock has disappeared off this First Call report. I don't know why.) I'm somewhat undecided as to whether this is GOOD or BAD news. On one hand, the lowering of estimates has driven the stock price down, which we've already felt the effects of. On the other, lower estimates should be easier to beat. Also, if the estimates are beaten by a wide margin again, the analysts will be forced to again raise FY estimates, which would likely bring the price up again. Thoughts? Piranha