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For Further Information Contact:
Mary Ann Allencourt
Investor Relations Specialist
Tel: (408) 615-2750
Public Relations Manager
Tel: (408) 615-2630
For Immediate Release
SANTA CLARA, CA. – MAY 16, 2000 – NVIDIA™ Corporation (Nasdaq: NVDA) today announced that its Board of Directors has approved a two-for-one stock split of the Company's outstanding shares of common stock to be effected in the form of a 100% stock dividend. The stock split will entitle each stockholder of record at the close of business on June 12, 2000 to receive one additional share for every outstanding share of common stock held. The additional shares resulting from the stock split are expected to be distributed by the transfer agent on or about June 26, 2000. Upon the completion of the stock split, NVIDIA will have approximately 64 million shares of common stock outstanding.
"We are pleased that the market has rewarded our continued execution of our business strategy and financial performance," commented Jen-Hsun Huang, president and CEO at NVIDIA. "We look forward to continuing to deliver on our commitment to increase NVIDIA's value for our stockholders."
The computing industry recognizes NVIDIA as a global leader in advanced graphics processing technology for mainstream platforms, honoring the company with the most awards in the history of the PC graphics industry. The breadth of the NVIDIA product family enables gripping multimedia experiences for the entire desktop computer market from workstations to internet-enabled appliances. In use by large corporations, small- to medium-sized businesses, and home-based consumers, NVIDIA products are used by the top PC OEMs, add-in card designers, and system builders worldwide. 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 http://www.nvidia.com.
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.
Notes to Editors: GeForce 256 and GeForce2 GTS should be written with an uppercase G and F, all other letters lowercase, and a space between GeForce and 256 as well as a space between GeForce2 and GTS. GTS is ALL CAPITALS. The recommended format for Vanta and Quadro is title case. The recommended format for NVIDIA, RIVA 128, RIVA 128ZX, NVIDIA TNT, and NVIDIA TNT2 is ALL CAPITALS.
NVIDIA, the NVIDIA logo, NVIDIA TNT, NVIDIA TNT2, Vanta, Quadro, GeForce 256, and GeForce2 GTS are trademarks of NVIDIA Corporation. Other company and product names may be trademarks of the respective companies with which they are associated.