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

To: Peter Piper who wrote (5191)	7/10/1998 12:07:00 AM
From: David Blocher	Read Replies (1) \| Respond to of 16960

I believe that TDFX will open lower tomorrow, but I feel that it will hold its recent support and will close flat or up for the day. This will be a good sign that a bottom has been reached if the stock rallies on what appears to be negative news. I think that if the stock doesn't react too negatively to the DIMD news (as I expect) the shorts will sense that it is time to cover. Obviously by the price action of both TDFX and DIMD has indicated that the street was not confident about this quarter. Now that the news is out about DIMD I believe that TDFX can move on an rally in the belief that the worst is behind them. I agree with the other posters that DIMD price points for Voodoo2 were too high. Why would someone buy a $299 board, when the same chip can be had for @ $220? TDFX has already publicly announced that V2 demand remains strong. Hang in there longs!