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

To: Marc who wrote (12118)	4/28/1999 7:24:00 PM
From: Obewon	Read Replies (1) \| Respond to of 16960

If you wish to know one of the reasons that the stock has been volatile just look at who owns 5% of the outstanding shares, Vinik Asset Management. I have found him to be a great trader in and out of stocks but he's definitely NOT a long-term investor. The last time I ran across his firm (better to say he ran over my portfolio) he had just accumulated just over 5% of AVTC and waited one day after his 13G was made public to begin dumping shares to people who jumped in due to his stance on the company. As a result the stock which had climbed 40% during his accumulation fell 60% as he unloaded. Also, please note that 3Dfx's share price is almost EXACTLY at its price as of when the deal was priced per the proxy statement. Obewon