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Nvidia buys 3dfx, Ati buys nvidia...Microsoft buys all


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----FOR OUR FOREIGN VISITORS:----

 

With a press release-bomb, today the fate of the company which absorbed 3dfx, NVIDIA, was announced. It seems like NVIDIA shared the same destiny with 3dfx, and its financial figures were, in a large scale, erroneous and "tampered with"...A piece of the press release follows from ATI, based on which ATI will acquire NVIDIA on June 1st!

 

This move will strengthen ATI and its products, since it is expected that all retail and bulk offerings of the product lines Geforce, Goforce, & Nforce will eventually be phased out.

 

Press release follows:

 

 

MARKHAM, Ontario - March 31, 2004 - KY Ho, Chairman and CEO of ATI Technologies Inc. (NASDAQ:ATYT - News; TSX:ATY - News) has announced on behalf of the board that he will back up an investory movement to acquire NVIDIA® Corporation, chief rival graphics chip-maker, on June 1. The announcement is a natural succession in the transition planned when Mr. Orton agreed with Nvidia top-level management to complete the transition, during which ATI will acquire the entirety of patents and assets of NVIDIA for the price of $1 billion, and will not require any changes to ATI's management structure. Mr. Ho will remain as Chairman, and any remaining top-level staff of management from NVIDIA is likely to be dismissed from the company.

 

 

Source: ATI.com

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