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NVIDIA to Issue Over $400 Million of Common Stock and Convertible Subordinated Notes


For Further Information Contact: 

Mary Ann Allencourt
Manager of Investor Relations
NVIDIA Corporation
Tel: (408) 615-2750

For Immediate Release

SANTA CLARA, CA — October 6, 2000 — NVIDIA® Corporation (Nasdaq: NVDA) today announced that it will issue an aggregate of $402,200,000 of common stock and convertible subordinated notes due 2007. NVIDIA will issue 1.4 million shares of common stock at a price of $73.00 per share and $300 million of its 4-3/4% convertible subordinated notes. The notes will be convertible into shares of NVIDIA common stock at a conversion price of $92.71 per share.

The securities will be issued pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission. The sale of the securities is expected to close on October 12, 2000.

NVIDIA has granted the underwriters options to purchase an additional 210,000 shares of common stock and $45 million of notes to cover over-allotments, if any.

The offerings were lead-managed by Morgan Stanley Dean Witter, with Prudential Volpe Technology, a unit of Prudential Securities, Robertson Stephens and Thomas Weisel Partners LLC as co-managers.

The debt securities will be issued under an indenture between NVIDIA and Chase Manhattan Bank and Trust Company, National Association as Trustee.

Copies of the prospectus supplements and accompanying base prospectus relating to the offerings may be obtained from the offices of Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036, telephone 212-761-4000.

NVIDIA designs, develops and markets graphics processors and related software for personal computers and digital entertainment platforms. NVIDIA provides a "top-to-bottom" family of award-winning performance 3D graphics processors and graphics processing units, or GPUs, that set the standard for performance, quality and features for a broad range of desktop PCs, from professional workstations to low-cost PCs. NVIDIA's 3D graphics processors are used in a wide variety of applications, including games, business productivity, the Internet and industrial design. For more information, please visit the Company's web site at

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The foregoing information regarding NVIDIA's sale of common stock and debt securities is forward looking. While management makes its best efforts to be accurate in making forward-looking statements, any such statements are subject to risks and uncertainties that could cause NVIDIA's actual results to vary materially. Risk factors include uncertainties relating to the ability of NVIDIA to use effectively the proceeds from the sale of the securities. Investors are directed to consider other risks and uncertainties discussed in NVIDIA documents filed with the Securities and Exchange Commissions.

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Notes to Editors: The recommended format for NVIDIA is ALL CAPITALS.

NVIDIA and the NVIDIA logo are registered trademarks or trademarks of NVIDIA Corporation in the United States and/or other countries. Other company names may be trademarks or registered trademarks of the respective owners with which they are associated.