3DFX Interactive shareholder may up stake, seek to influence company

By Lisa Kerner

Charlotte, N.C., Feb. 1 - 3DFX Interactive, Inc. investor the Satellite Fund II, LP and its affiliates may consider increasing their stake in the company through open market purchases, private transactions or tender or exchange offers in light of 3DFX Interactive's bankruptcy proceedings and nVidia Corp. litigation.

The Satellite Fund owns about 2.8 million shares, or 7.01%, of the company's common stock, according to a schedule 13D filed with the Securities and Exchange Commission. They holding was acquired since Dec. 18 in a series of trades.

"The shares have been acquired for strategic investment purposes with the prospect that at some point in the future the reporting persons may wish to increase their ownership position in the issuer's shares," Satellite said in the filing.

In addition, the investors stated in the filing they may seek to acquire or influence control of the company through board representation or seeking a merger or consolidation.

3DFX Interactive is a Palo Alto, Calif.-based graphic chip, board and software developer.

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