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

To: Obewon who wrote (12127)	4/29/1999 7:37:00 AM
From: John Finley	Respond to of 16960

All, During the recent run up in TDFX I sold my position and removed my SI bookmark. I found myself missing everyone's analysis and opinions here and added the bookmark again yesterday. Thanks for all the input! IMO, this is one of the best and most useful boards that I have come across. BTW, I sold TDFX not out of concern for their future but an awareness of their stock-price history. I'll be looking to re-enter. I'm just a little concerned about the market in general - everything seems to be going too well. I wonder if and when we are going to have another meltdown similar to last August-October. JF

To: Obewon who wrote (12127)	4/29/1999 2:53:00 PM
From: Michael G. Potter	Read Replies (1) \| Respond to of 16960

Some of the items can be reserved for as a part of the merger (I need to read an EITF release or two on the employee costs, somewhat tricky, need to see if there's "future" benefit). APB16 allows for expenses directly related to the merger (proxies, investment bank fees, etc.) to be included as part of the purchase price. The in-process R&D write-off is pretty low, seems reasonable. I'll have tocheck your goodwill calculation, seems a little low for some reason but they may have assigned a bunch of it to the "intangibles". Writing the goodwill from the acquisition off over 5 years seems low, but I like the 5 years for technology companies. 40 years is the usual number of years used. I'm planning on doing an analysis this week-end as soon as the merger is announced complete. Michael