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Satellite Fund increases stake in 3DFX Interactive
By Lisa Kerner
Charlotte, N.C., Feb. 27 - 3DFX Interactive, Inc. investor the Satellite Fund II, LP and its affiliates beneficially own 3,416,844 shares, or 8.59%, of the company's shares, according to a schedule 13D filing with the Securities and Exchange Commission.
The Satellite Fund had previously reported ownership of about 2.8 million shares, or 7.01%, of the company's common stock on Feb. 1.
In light of 3DFX Interactive's Chapter 11 proceeding and litigation against nVidia Corp., the reporting persons may seek to increase their stake in the company and seek to influence the company to consider a merger or consolidation, according to the filing.
3DFX Interactive is a Palo Alto, Calif.-based graphic chip, board and software developer.
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