<< The company plans to close its Juarez, Mexico, card manufacturing plant and remove itself from the business of building the graphics cards that reside in desktop PCs. This is an abrupt switch from the December 1998 takeover of STB Systems, which 3dfx heralded as a move that would put them in charge of their own destiny. Instead, that move -- combined with numerous production delays and supply problems -- has removed the company from its once-dominant position in the industry.
The company says it will now sell its chips to third-party manufacturers, who will create the boards that go in computers. Because 3dfx is in its quiet period (its latest earnings are due next week), officials declined to say how much of a write off would result from the closing of the Mexican plant. >>
3dfx death is much nearer than thought.
With the buyout of STB, and all the money spent trying to build new cards, they are way too deep in a financial hole to dig themselves out of by simply being a chipmaker. All of their financial mistakes will also mean they won't easily be able to obtain money from lenders to continue operations. You would have to be a fool to lend 3dfx money at this stage of there death. I think moving up the grave markers from Christmas 2001 to summer 2001 would be a wise move.