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

To: Mike Sesan who wrote (4579)	6/23/1998 2:31:00 AM
From: Andrew Kruh	Read Replies (2) \| Respond to of 16960

"TDFX has probably ticked some people off because they feel they know too much" Just curious if you can qualify this statement. What have they said they know that no one else does? Which press release from TDFX do you feel was cocky or arrogant? Everyone seems to be bitching at TDFX management because we didn't get a 10% rise on a press release which pretty much stated what everyone knew already. If we had gone up two points today you all would be singing TDFX management's praises to the Lord on High. Face it, there is only so much "management" can do. In my mind, this press release was announced today because of the recent stock price action. The fact that there are no OEM deals signed yet is glaringly apparent, so "management" is doing what it can to keep the company's name in the news - exactly what everyone has been complaining they have not been doing enough of in the past. I try to be a patient investor. If the management of TDFX continues to make sure the technology end puts out cutting edge products, then in my mind they are doing their job. I have seen plenty of stocks with terrific dog and pony shows for the Street rise quickly and fall just as quickly because there is nothing to back up the hype. Just wait until the carnage starts in the internet sector. Fundamentals will eventually tell the story on this stock. Either the company will perform or they won't. I firmly believe however that a slew of meaningless press releases no matter how they are timed will have little or no effect on the LONG TERM prospects of this stock. Wooing institutions at this point is a waste of time and energy. I would far rather see the top brass at TDFX wooing OEM deals for Banshee then sucking up to mutual fund managers who will bail the first time Nvidia announces their next "Voodoo Killer." (which should be any minute now). Where have you gone, Fidelity Contra Fund? Two years ago none of the vaunted "institutions" would touch AOL with a ten foot pole. Through today AOL is up 120% YTD. What fundamentally has changed? Absolutely nothing. Did AOL spend lavish amounts of time convincing the almighty analsts their company was great? Nope. they simply executed their business plan. Period. So for a brief second forget Wall Street opinions and technical mumbo jumbo, and before you sell in frustration ask yourself - Why did I buy this stock? Was it for a few quick momentum points, or do I believe TDFX can parlay a strong technological lead and a major branding advantage to dominance in a rapidly expanding field? I fear a number of posters are right. This stock is not turning around until some major deals are announced, which may not be anytime soon. If you can't deal with that, fine. Sell. But please don't sit there and whine that it is time for new management. This same management has managed to put the best gaming cards on the market, bar none, and Banshee at first glance has the potential to significantly increase TDFX's target market. All the competitors management teams have managed to do is write a lot of nifty press releases. Of course, JMHO, Andrew P.S. Sorry for the ramble. Just tired of the same old posts every day.