For Further Information Contact:
Mary Ann Allencourt
Manager of Investor Relations
For Immediate Release
SANTA CLARA, CA — March 29, 2000 — NVIDIA™ Corporation (Nasdaq: NVDA) today filed a registration statement with the Securities and Exchange Commission (SEC) for the offering and sale of up to $400 million of notes and common stock. NVIDIA also filed a registration statement with the SEC for the offering and sale of up to 250,000 shares of common stock to be sold by certain stockholders of NVIDIA. The notes and common stock under each registration statement will be registered under the SEC's Rule 415 (commonly called a shelf registration), which allows NVIDIA and the selling stockholders to offer to sell them on a continuous or delayed basis.
NVIDIA will use the proceeds of future sales of debt or common stock under the first registration statement to fund anticipated growth, including anticipated increases in inventory and accounts receivable; for potential acquisitions; for costs associated with NVIDIA's expected move to new facilities; and for general working capital. NVIDIA will not receive any proceeds from the sale of common stock by the selling stockholders.
The Chase Manhattan Bank and Trust Company will act as trustee for any notes to be issued under the first registration statement.
The computing industry recognizes NVIDIA as the global leader in advanced graphics processing technology for mainstream platforms, awarding the company the most awards in the history of the PC industry. The unmatched 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 the solutions of choice for 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: The recommended way of writing GeForce 256 is with an uppercase G and F, all other letters lowercase with a space between GeForce and 256. The recommended way of writing Vanta is in title case. Please note that the recommended way of writing NVIDIA, RIVA 128, RIVA 128ZX, RIVA TNT and RIVA TNT2 is all CAPITALS.
NVIDIA, the NVIDIA logo, RIVA TNT, RIVA TNT2, NVIDIA Vanta, Quadro and GeForce are trademarks of NVIDIA Corporation. Other company and product names may be trademarks of the respective companies with which they are associated.