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

To: Scott Garee who wrote (9949)	12/31/1998 12:52:00 PM
From: Jeffrey P	Respond to of 16960

asked a CPA, a tax attorney, and three brokers. . . And I bet you got 6 answers. :) The CPA said can't do it but he was not sure of specifics of wash rules. Both brokers (friends) said you can, reasons being the deal is not approved by shareholders or SEC and there is a significant risk of the acquisition not going through. The tax attorney told me to ask my broker. :P Otherwords... the tax guys that I thought SHOULD know, didn't. And the brokers either knew or B.S.'d very well and know they would not be held liable. All in all, reaping a minimum 15% with the potential to offset some cap gains was very attractive. Now if the deal falters, or TDFX runs up and down before the March/April 99 deal completion... i'll be upset. Jeff BTW... Patrick Grinsell... great analysis of the STBI/TDFX deal. Worth reading.