NVIDIA Earns #1 Semiconductor Company Ranking In Business Week's "The Info Tech 100"
Emerging 3D Processor Company Recognized for Product, Financial and Technological Leadership
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For Immediate Release
SANTA CLARA, CA — June 20, 2000 — NVIDIA® Corporation (Nasdaq: NVDA) today announced that it has earned the highest ranking for semiconductor companies in Business Week's "Information Technology Annual Report - The Info Tech 100" cover story dated June 19, 2000. In addition to the #1 ranking for semiconductor companies, NVIDIA earned the fourth spot overall in the yearly wrap-up of the world's top technology companies.
"The rapid adoption of 3D processors has fueled our rapid growth. 3D graphics is becoming a pervasive digital medium. Coupled with broadband communications, 3D will change how we work, learn, communicate, and play," said Jen-Hsun Huang, president and CEO at NVIDIA. "Being recognized by Business Week underscores our focus and drive to be one of the most influential technology companies in the world. We are very proud of this achievement."
In this special report, Business Week selected the "Info Tech 100" companies based on quantitative criteria including annual revenues, revenue growth, return on equity, shareholder return and profits. Andy Reinhardt, writer for Business Week wrote: "Graphics chips are hot – and nobody makes 'em better than NVIDIA."
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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.