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To: Joe C. who wrote (10306)1/27/1999 8:21:00 AM
From: Michael G. Potter  Read Replies (1) | Respond to of 16960
 
The price will be what they pay the day the exchange is made. STB has about $98 million book value according to their last earnings release. At $16 3dfx, the deal was valued at $141 million. That means over $40 million dollars that has to be applied to assets. Now STB has a great deal of inventory which could have a higher value (maybe as chips go down in value), but they have very little else that would get a mark-up. So I expect some goodwill from the deal.

Michael



To: Joe C. who wrote (10306)1/27/1999 9:01:00 AM
From: Paul A  Read Replies (4) | Respond to of 16960
 
now dont everyone get TOO excited about the gap up this morning.. settle down settle down..

I still cant believe how many people gave up on this company... Currently bidding 16 1/4 on instanet..



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