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

To: Piranha who wrote (8758)	11/3/1998 6:11:00 PM
From: Michael G. Potter	Read Replies (2) \| Respond to of 16960

What a poison pill is designed to do is make any potential purchaser negotiate with the board of directors. The goal is to maximize the value received by shareholders in any takeover attempt. This basically limits Creative Labs from buying over 12% of 3dfx's shares without sitting down and working out a deal. Since 3dfx's value is limited to their patents and their existing / about to be released products, a pure "hostile" takeover isn't that likely. It will stop a "creeping" takeover by CL. Michael biz.yahoo.com

To: Piranha who wrote (8758)	11/3/1998 6:13:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 16960

Hi Piranha, I thought you had abandoned us for fresher waters :) I don't expect the news to have much of an impact and I'm damn supportive of it. Remember that about 40% of the company is held by the company founders. So it is very much in the company's interest to enhance shareholder value. Also hostile buyouts are rare in high tech industry and when they occure, they usually spell disaster. So I see this as protection against that. Finally, I make 3 times as much money on a slow and steady upward moving company than on one that leaps to the finish line. So I'm very happy to see the chances of long term investment in TDFX remain open. There are those who'd differ, but they don't spend my money and I don't control their shares :D Sun Tzu