Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Piranha who wrote (12559)	5/14/1999 9:58:00 AM
From: Michael G. Potter	Respond to of 16960

I wonder if the low earning for Q1 means that they will be able to report as a combined entity. The accounting rules do give a little room here. It would be great if tehy can get all the merger related write-offs behind them. Michael

To: Piranha who wrote (12559)	5/19/1999 11:06:00 AM
From: Piranha	Read Replies (2) \| Respond to of 16960

DLJ issued a report this AM (and no, it is NOT an upgrade, Marc). They reiterated the BUY recommendation and left the estimates (in the message I'm replying to) unchanged. Price target is still $40. They basically repeated a lot of the stuff from the CC yesterday, paraphrasing it a little. One thing they say that I didn't hear on the CC (maybe I got distracted for a second) is that 3dfx will release the pro forma results within the next week. They also say that with those results, they "expect to make only modest adjustments" to their model. They agree that 3dfx is on track to meet the $600M revenue projection. For those who heard names in the CC but don't know who's who in the analyst world, Peter Labé (the name they always pronounce wrong) is with Buckingham Research, Arnab Chanda is with BancBoston Robertson Stephens, Charles Boucher is with DLJ and Michael Kim is with Wedbush. I don't know of anyone else covering right now. Boucher and Kim had no questions on yesterday's call, which surprised me since they usually ask a lot. Of these, BBRS and Wedbush still have not issued revised estimates based on the combined company or new fiscal year, so expect these shortly. Piranha