NVIDIA and SGI Set Direction of Strategic Alliance
NVIDIA Becomes Preferred Supplier of Graphics Technology for SGI Products; Alliance Assures SGI's Continued Leadership in Graphics Solutions
"This is an extraordinary opportunity for NVIDIA and SGI," stated Jen-Hsun Huang, president and CEO of NVIDIA. "We are very pleased to have SGI recognize the talent of our people and our technology leadership. This partnership gives NVIDIA a surge of intellectual capital through the addition of a world-class team of 3D technologists and SGI's rich patent portfolio."
"Our alliance with NVIDIA positions SGI for continued leadership in graphics solution performance," said Rick Belluzzo, chairman and CEO of SGI. "NVIDIA's high performance graphics processors will be important building blocks, which we will combine with our own system architecture and API leadership. This is the model we are deploying everywhere at SGI: leveraging the economies of volume leaders while still preserving our unique added value and differentiation."
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties and actual results may differ materially. Factors that may affect NVIDIA's actual results include the impact of competitive products and pricing, technological changes in products and components, the ability to timely and successfully develop and produce in volume new products and modifications to existing products, market acceptance of new products and modifications to existing products and conditions in the PC market. Investors are advised to read NVIDIA's annual report on Form 10-K filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results," for a fuller discussion of such risks and uncertainties.
Factors that may affect SGI's actual results include the risks, uncertainties and other factors set forth in SGI's filings with the SEC (www.sec.gov), particularly those described under the caption "Risks That Affect Our Business", and the following factors: SGI's ability to manage its collaborative relationship with NVIDIA to ensure the timely development, production and release of high-performance graphics products; the impact of competitive markets, products and pricing; the ability to retain key engineering talent in a highly competitive market; and future levels of market acceptance and customer demand for UNIX computing systems.