3dfx In A World Of Pain

August 29, 2000 3:13 PM

3dfx just annouced their results for the quarter ending July 31, 2000 and the net loss was (drumroll please) $100.5 million. Here's a piece of the press release:

This resulted in a net loss of ($100.5 million), or ($3.81) per share. This compares to a net loss of ($11.6 million) or ($0.50) per share for the quarter ended July 31, 1999. For the six-month period ended July 31, 2000, the company reported revenues of $175.6 million as compared to $145.3 million for six month period ended July 31, 1999. Net loss for the six months ended July 31, 2000 and 1999, respectively, were ($112.9 million) or ($4.44) per share, and ($13.8 million) or ($0.71) per share.

$66.2 million of that loss was the one time expense of buying out GigaPixel. But doing the math yields that the net loss the quarter before last was only $12.4 million, so if the buyout handn't have happened, 3dfx still would have lost nearly 3x more than just a quarter previous. Also, according to some posts on the Motley Fool boards (thanks Rod), the conference call had the info that 3dfx will be selling their board manufacturing business and sub-contracting it. Also that the Voodoo5 sales were disappointing. Sounds like that STB merger was really a winner!