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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA. — AUGUST 15, 2002 — NVIDIA® Corporation (Nasdaq: NVDA), the worldwide leader in visual processing solutions, today announced it has named Marvin (Marv) D. Burkett as Chief Financial Officer (CFO). Mr. Burkett is a 34-year semiconductor veteran, and previously spent 26 years as corporate controller and then senior vice president and CFO at Advanced Micro Devices, Inc. (AMD). Effective September third, Mr. Burkett will report directly to Jen-Hsun Huang, NVIDIA’s president and CEO.
“I am delighted to have someone as exceptional as Marv join our executive team,” stated Huang. “Marv’s proven track record, executive leadership and strong management skills in finance will play an integral role in helping us achieve our corporate goals.”
Mr. Burkett graduated from the University of Arizona where he received his undergraduate and MBA degrees.
NVIDIA Corporation is a visual computing technology and market leader dedicated to creating products that enhance the interactive experience on consumer and professional computing platforms. Its graphics and communications processors have broad market reach and are incorporated into a wide variety of computing platforms, including consumer digital-media PCs, enterprise PCs, professional workstations, digital content creation systems, notebook PCs, military navigation systems and video games consoles. NVIDIA is headquartered in Santa Clara, California and employs more than 1,400 people worldwide. For more information, visit the company’s website at www.nvidia.com.
Certain statements in this press release regarding earnings in the second quarter of fiscal 2003, including the statements relating to the Company's expectations for NVIDIA's family of products and expectations of market position and 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, manufacturing costs and the pricing of components such as memory, the impact of competitive products and pricing alternatives, changes in industry standards and interfaces, market acceptance of the Company's new products, the Company's dependence on third-party developers and publishers and the impact of litigation and other proceedings. Investors are advised to read the Company's Annual Report on Form 10-K filed on May 14, 2002, particularly those sections entitled "Business Risks," for a fuller discussion of these and other risks and uncertainties.
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