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

To: Piranha who wrote (12076)	4/27/1999 6:22:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 16960

And what happens with the shorted shares? Do the shorts get to cast negative votes? Do votes of people who bought the shorted shares worth only half as much as other shareholders? ST

To: Piranha who wrote (12076)	4/27/1999 7:46:00 PM
From: Joe C.	Respond to of 16960

Unvoted shares for STB mean NO. From the S4: Pursuant to the Texas Business Corporation Act, which we refer to as "Texas Law," STB bylaws and Nasdaq rules, approval and adoption of the merger agreement requires the affirmative vote of the holders of at least two-thirds of the issued and outstanding shares of STB common stock entitled to vote at the STB meeting. The required vote of the STB shareholders is based upon the number of outstanding shares of STB common stock and not upon the shares actually voted. Therefore, the failure of a holder of shares of STB common stock to submit a proxy or to vote in person at the STB meeting, including abstentions and "broker non-votes," will have the same effect as a vote against approval and adoption of the merger agreement and approval of the merger.