http://www.racesimcentral.net/
Excerpt:
Santa Clara, Calif. -- June 22, 1999 -- S3 Incorporated (NASDAQ: SIII)
today announced that it has entered into a definitive agreement to
acquire Diamond Multimedia Systems, Inc. (NASDAQ: DIMD), a leading
supplier of PC Multimedia and Internet connectivity solutions. In a
strategic move to capitalize on high-growth areas, S3 expects to
emerge as a key player in the Internet appliance and home networking
markets. S3 also plans to maximize the two companies' multimedia
strengths to become a total solutions provider (silicon, software and
PC boards) for its graphics business.
"Today's announcement represents a significant strategic shift for S3,
which was focused solely on the PC graphics market," said Ken
Potashner, president and CEO of S3 Incorporated. "By merging the
strengths of both companies, we intend to create a major force in the
industry for Internet appliances, broadband communications, home
networking and complete graphics solutions."
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