NVIDIA Announces Acquisition of iReady
NVIDIA to Leverage iReady's Expertise in Networking and Storage Technologies
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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA—APRIL 22, 2004—NVIDIA Corporation (Nasdaq: NVDA), the worldwide leader in visual processing solutions, today announced that it has acquired the technology assets of iReady Corp., a provider of high performance TCP/IP and iSCSI offload solutions. The assets include intellectual property, patents, and patent applications. A core group of iReady engineers has accepted positions at NVIDIA. Terms of the agreement were not announced.
Privately-held iReady Corp.'s patented Ethernet technologies provide highly scalable, full transport offload for ultra-high-performance Ethernet networking.
Certain statements in this press release, including any statements relating to the Company's performance expectations for NVIDIA's family of products and expectations of continued revenue growth, are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, manufacturing and other delays relating to new products, difficulties in the fabrication process and dependence of the Company on third-party manufacturers, general industry trends including cyclical trends in the PC and semiconductor industries, the impact of competitive products and pricing alternatives, market acceptance of the Company's new products, and the Company's dependence on third-party developers and publishers. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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