Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Anthony Maza who wrote (7657)	9/24/1998 9:28:00 PM
From: Patrick Grinsell	Read Replies (1) \| Respond to of 16960

It does nothing of the sort... If 3dfx already told all the institutional investors before hand there would not be a need for the conference call on the day after that Chip reported. STB, for example, is in the habit of doing things just the opposite. They tell the institutions and then put out a press release. It's common in the industry. If you are a long term investor it can actually be a good thing as it builds trust between the institutions and 3dfx. Anyway, the descent to the depths of hell started way before anyone knew there was going to be a problem with the quarter. Pat

To: Anthony Maza who wrote (7657)	9/24/1998 9:45:00 PM
From: Greg S.	Read Replies (3) \| Respond to of 16960

And I thought the nVidia lawsuit was frivolous. >>> I'm gonna stick to that scenario. Mainly because I have never been so wrong with my instincts for technology. <<< And since you can't possibly be -THAT- wrong, someone has to get sued? >>> The 3rd qtr setback should have only resulted in a disturbance on the yearly chart during the 3rd qtr. Instead the "whispering" has reduced the company to 1/3 of its value. <<< Would have, could have, should have. First of all, this "setback" we are talking about is a difference of over $0.50/share, and a significant LOSS instead of a huge profit. I don't know how 3Dfx can be so numbskulled as to make these erroneous predictions about their own company, but there were some legitimate reasons for the shortfall - remember Diamond gave them a right good poking. The chip sector stinks rotten, and we're in it. There are plenty of explanations for our drop and call me a lemming but I'm willing to believe them. Occam's Razor. I'd also recommend you speak with a lawyer before you even consider this lawsuit, if you are indeed seriously considering it. If you're just blowing off steam .. my apologies for taking it with such gravity. And finally, as a shareholder of the company I think your proposed class action suit will only harm the company and consequently its investors - US. I for one don't want to see the share price plunge further because of a vengeful investor. -G