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

To: Sun Tzu who wrote (11435)	3/30/1999 3:11:00 PM
From: Obewon	Read Replies (2) \| Respond to of 16960

Notice to all TDFX shareholders: The Company filed today with the SEC to change its fiscal year from ending in December to ending in January. What this means is that the new 1Q99 numbers will be the February - April period rather than January - March. The Company will have to report a special transition period (January 1999) as a supplemental period of the report. My analysis of this move is that the company had nearly zero sales in January after announcing its STB acquisition. Production of Voodoo3 ramped up in February supplying STB. Rather than dilute the entire quarter with the poor January numbers the Company comes clean (since there is a good excuse that analysts will buy) and can show some decent numbers in 1Q99. Note that the STB acquisition should be completed by end of April so the companies will report consolidated financials. As I predicted in an earlier post (late February) Voodoo3 shipping date slipped into April. By moving the reporting period back 3dfx can capture the higher margins of selling the boards in 1Q99 rather than just the chips to STB. Obewon