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NVIDIA To Acquire 3dfx Core Graphics Assets
SANTA CLARA, CA - DECEMBER 15, 2000 - NVIDIA� Corporation (Nasdaq: NVDA)
today announced that it has signed a definitive agreement to acquire certain
graphics related assets of 3dfx Interactive (Nasdaq: TDFX), a pioneer and a
recognized leader in graphics technology. These graphics related assets
include, but are not limited to, patents, pending patent applications,
trademarks, brand names, and chip inventory related to the graphics business
of 3dfx. In addition, 3dfx and NVIDIA have agreed to stay the patent
infringement litigation between them through the closing of the transaction,
at which time it will be jointly dismissed with prejudice.
Under the terms of the agreement, NVIDIA will pay to 3dfx a total
consideration of $70 million in cash and 1 million shares of common stock.
The asset acquisition has been approved by the board of directors of each
company and is subject to 3dfx shareholder approval, the satisfaction of
regulatory requirements and other customary closing conditions. This
acquisition will be accounted for as a purchase and is expected to be
complete in the first quarter of NVIDIA's fiscal year 2002.
Founded in 1994, 3dfx was an early pioneer in the 3D graphics industry and
has been recognized for its ability to bring some of the world's finest
games, educational content, interactive entertainment and media-rich
business applications to life.
NVIDIA executives will conduct a conference call on Monday, December 18,
2000 at 7:00AM, Pacific Time. The conference call number is 212-231-6017,
reservation number 17310062. A recorded playback of the conference call will
be available through Wednesday, December 20, 2000. The call-in number for
the replay is 800-633-8284 (US), 858-812-6440 (International), (passcode:
17310062). A live webcast (listen-only mode) of the conference call will be
available at http://www.nvidia.com/Company/InvestorRelations; at
http://www.streetevents.com; and at http://www.bestcalls.com. You must have
a compatible media player installed on your computer in order to listen to
the webcast. You may download a media player for free at the sites listed
above.
About NVIDIA
NVIDIA Corporation (Nasdaq: NVDA), based in Santa Clara, California., is the
global leader in advanced graphics and multimedia processing technology for
the consumer and professional computing markets. Its 2D, 3D, video and
multimedia capabilities make NVIDIA one of the premier semiconductor
companies in the world. NVIDIA offers a wide range of products and services,
delivering superior performance and crisp visual quality for PC-based
applications such as manufacturing, science, e-business, entertainment, and
education
