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

To: Sun Tzu who wrote (7238)	9/15/1998 5:59:00 PM
From: Doug Fowler	Read Replies (1) \| Respond to of 16960

Sun: You are right. I was of those caught up in the TDFX euphoria a few months ago when they reported blow-out number and bought in at $34 a share. I dumped it all at $21 a share. I have been flirting with it recently, but when I saw reports that their vendors were overloaded with product, I decided that bad news was probably coming (either this quarter or the next one). Essentially, in one quarter's time, TDFX has not only stopped growing, but has fallen flat on its face. The best it can hope for now is a buyout. Anybody who thinks this is just a hiccup along the way, just look at how long it took other companies to dig themselves out from a bad quarter (if they ever did). Macromedia, Shiva, Business Objects, etc. Sure, they are different businesses, but the chip business is far more commodity in nature. TDFX may rebound because of the Christmas season, but it will be downhill from there, all IMHO, of course.