NVIDIA Achieves Honor with 31,584 Percent Growth
NVIDIA Earns Top Spot on Deloitte & Touche Technology Fast 500 List
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For Immediate Release
SANTA CLARA, CA — November 27, 2000 — NVIDIA® Corporation (Nasdaq: NVDA) today announced its achievement of one of the fastest growing companies on the 2000 Deloitte & Touche Technology Fast 500, a list honoring the fastest growing technology companies in North America. According to the report NVIDIA is the tenth fastest growing company in North America with a noteworthy 31,584 percent growth.
"Achieving such status on the Fast 500 is a tremendous tribute to NVIDIA's focus on technological innovation and industry leadership," says Jen-Hsun Huang, NVIDIA's co-founder, president, and CEO. "We do business in highly competitive fields and have achieved this growth through a combination of technology breakthroughs and product execution."
Mark Evans, managing director of Deloitte & Touche's Technology & Communications Group states, "we applaud the vision, efforts, and tenacity of these companies to invent technology and execute new business models. Their creative boldness and technical advancements help drive entire industries to higher levels of capability."
Since the program's inception in 1995, the Fast 500 list has been compiled from three sources: winners of Deloitte & Touche's 22 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Entrants are public or private companies headquartered in North America and must be considered technology companies. NVIDIA has placed in the Deloitte & Touche Fast 50 program for two years running.
This year's Fast 500 companies had combined 1999 revenues of $89.4 billion. Overall growth rates for all 500 Fast 500 companies was 3,956 percent. Five-year growth percentages for the 2000 Fast 500 winners ranged from 593 to 71,257 percent. Computer, software and communications industries comprise 77 percent of the 2000 Fast 500 winners. For the complete ranking and entrance criteria, visit www.fast500.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 130 countries. For additional information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
The computing industry recognizes NVIDIA as the global leader in advanced graphics processing technology, honoring the company with the most graphics awards in the history of the PC industry. PC OEMs, add-in card manufacturers, system builders, and consumer electronics companies worldwide choose NVIDIA GPUs as the core component of their graphics processing solutions. NVIDIA GPUs are used by large corporations, small- to medium-sized businesses, and home-based consumers. NVIDIA graphics processors deliver superior performance and crisp visual quality for PC-based applications such as manufacturing, science, e-business, entertainment, and education. For more information, please visit the Company's web site at www.nvidia.com.
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Certain statements in this press release, including the 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 "Factors Affecting Operating Results," for a fuller discussion of these and other risks and uncertainties.
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