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

To: jttmab who wrote (10024)	1/8/1999 9:34:00 AM
From: Harry J.	Read Replies (1) \| Respond to of 16960

Pat G. & Jim N., you mentioned competitor nVidia's IPO and wondered where the money was going - the company or the insiders. nVidia's draft "Amendment 4 to" its registration statement dated November 20, 1998 (which I pulled from EDGAR a couple of weeks ago), indicates that the company is selling the shares and that the proceeds will be used (after spending about $1.2 million on expenses, presumably the underwriting ones) for capital expenses, about $10 million of which will be spent through FY 2000 for leases and workstations. No mention is made of officer shares also being sold as part of the IPO, but there is a paragraph explaining the dilutive effect on the prospective public shareholders of the 27+ million shares (pro forma) the insiders will hold following the issuance (up from 14 million shares plus some options and some convertible notes. You might want to read it yourself and see if you see what I see or even if there is a more recent submission. Regards, Harry