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


To: Chip Anderson who wrote (4717)6/25/1998 11:24:00 AM
From: Yakov Lurye  Read Replies (1) | Respond to of 16960
 
This is my take on the current situation:

1. Sell side analysts can have a hidden agenda, but the argument that the state of health of TDFX customers (DIMD, CREAF etc) will affect the evaluation for TDFX is basically valid. Both DIMD and CREAF are depressed, this spreads to TDFX, even if TDFX high end niche is not directly affected. Check the concurrent plots of these three stocks.

On the positive side, these stocks (DIMD, CREAF) are seasonal, and typically do better later in the year, better times should be coming.

2. These days, the Street favors not the tech stocks that are doing well now, but the tech stocks it expects to do better in the future. To this extent, (anticipated) good results this quarter can not help the stock price considerably. However, a good CC after earnings could help a lot by providing a positive outlook for the coming quarters.

As for Banshee OEM deals with cardmakers (and, ideally, with boxmakers), the product is still being sampled/tested . Once everybody is sure that Banshee is stable, we'll see the announcements
Again, some guidance should come from the coming CC.

3). End of the quarter is close, this is the time when beaten down stocks are typically performing poorly. I expect though to see some buying at the beginning of the next quarter.

4). The management should authorize a buyback. No need to actually buy back the stock, but the announcement usually helps. CYMI authorized a $50m buyback, actually spent only $1.5M with good results.

5) The analysts are going to come around in a few weeks, the first one to turn will be Monty and its clients, since they benefitted the most from the selloff. Now they will try to keep the price low while gradually covering their short positions.

6) All longs should pray for a rally in techs in end July-August.

Still long TDFX,

Y.





To: Chip Anderson who wrote (4717)6/25/1998 7:34:00 PM
From: Joe C.  Respond to of 16960
 
Chip, I cut and paste the backgrounds of the more familar names on the management team from their 10K's. It appears that Gordon Campbell, Gary Tarolli and Scott Sellers were co-founders of the company. Ballard came later. They have interesting and varied backgrounds. Joe C.

Gordon A. Campbell has served as the Chairman of the Board of Directors of the Company since August 1994 when he co-founded the Company. Mr. Campbell also served as President and Chief Executive Officer of the Company from January 1995 to December 1996. Prior to joining the Company, Mr. Campbell founded Techfarm,Inc., a venture capital investment firm, and has served as President since September 1993. In 1985, Mr. Campbell founded Chips and Technologies, Inc. ("CHIPS"), a semiconductor and related device company, and served as Chairman, Chief Executive Officer and President of CHIPS until July 1993. Mr. Campbell founded SEEQ Technology, Inc. ("SEEQ"), a semiconductor and related device company, in 1981. He served as President and Chief Executive Officer of SEEQ from 1981 to 1985. Mr. Campbell currently serves as a director of 3Com Corporation and Bell Microproducts, Inc. He is also a director of several private companies.

L. Gregory Ballard has served as President, Chief Executive Officer and a director of the Company since December 1996. Prior to joining the Company, Mr.Ballard was President at Capcom Entertainment, Inc., a video game and multimedia entertainment company, from June 1995 through November 1996. Prior to that, Mr.Ballard served as Chief Operating Officer and Chief Financial Officer of Digital Pictures, Inc., a video game company, from May 1994 to June 1995. Mr. Ballard was President and Chief Executive Officer of Warner Custom Music Corporation, a multimedia marketing division of Time Warner, Inc., from October 1992 to May 1994, and he was President and Chief Operating Officer of Personics Corporation, a predecessor to Warner Music, from January 1991 to October 1992. Mr. Ballard also worked for Boston Consulting Group and as a practicing attorney in Washington, D.C.

Philip Carmack has served as Vice President, Hardware Engineering of the Company since June 1997 and Director of Hardware Engineering since December 1995. Prior to joining the Company, Mr. Carmack was the 3D Graphics Manager at 3DO Company, a 3D console graphics company, from August 1994 to November 1995. He was Systems Engineering Group Manager at Kubota Graphics Corporation, a 3Dgraphics systems company, from September 1991 to August 1994. Prior to that, Mr.Carmack was the Chief Architect and Technical Lead at Loral/ROLM Mil-Spec Computers, a defense company, from July 1989 to September 1991. Prior to joining Loral/ROLM, he was a Systems Design Engineer A at Amdahl Corporation, Computer Development Division for two years.

Scott D. Sellers has served as Vice President, Research and Development of the Company since January 1995. He co-founded the Company in August 1994 and has served as a director of the Company since March 1995. Mr. Sellers was Principal Engineer at MediaVision Technology, Inc. ("MediaVision"), a multimedia computer products company, from June 1993 to June 1994. Prior to that, Mr. Sellers was a Microprocessor Engineer at Pellucid, Inc. ("Pellucid"), a developer of chip and board products, from January 1993 to June 1993. Mr. Sellers was also a Member ofthe Technical Staff at SGI from October 1990 to January 1993.

Gary Tarolli has served as Vice President and Chief Scientist of the Company since January 1995. Prior to co-founding the Company in August 1994, Mr. Tarolli was an Engineering Fellow at MediaVision from 1993 to 1994. Before joining MediaVision, Mr. Tarolli was a self-employed consultant to the 3D graphics industry from 1992 to 1993. Mr. Tarolli was a Principal Scientist at SGI from 1983 to 1992. Prior to joining SGI, he was a Principal Engineer at Digital Equipment Corp. for four years.

David Zacarias has served as Chief Financial Officer and Vice President, Administration of the Company since February 1998. Prior to joining the Company, Mr. Zacarias served as Chief Financial Officer, from February 1993 to January 1998 and as Chief Operating Officer from July 1995 to January 1998 of OPTi Inc., a fabless semiconductor company.