NVIDIA Named the Fastest Growing Company in America by Fortune Magazine
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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA—SEPTEMBER 9, 2002—NVIDIA Corporation (Nasdaq: NVDA), the worldwide leader in visual processing solutions, today announced that it has been ranked number one on Fortune Magazine’s annual list of America's 100 Fastest Growing Companies. NVIDIA achieved top honors by its outstanding performance over the last three years in earnings-per-share (EPS) growth, revenue growth and total return.
“2001 was a defining year for NVIDIA,” stated Jen-Hsun Huang, president and CEO at NVIDIA. “Thanks to the incredible commitment and excellence of our people, we were able to strengthen our leadership in our core GPU market, extended our influence into exciting new markets, build market-defining products that I'm incredibly proud of, and transform our company into one of the most respected in the industry.”
“But this is only the beginning,” added Huang. “We are excited by the impact that visual computing will have on the future of every aspect of computing and consumer electronics. Because of our expertise, culture of excellence and execution, and reputation, we are well positioned to capitalize on these opportunities. We are determined and focused to be the most influential 3D and visual computing technology company in the world.”
As the largest, the fastest growing, and one of the most profitable fabless semiconductor companies in the world, NVIDIA’s success has highlighted the size and importance of the visual computing market. Through its current GeForce™, Quadro™, and nForce™ families, the NVIDIA brand has become the clear-cut choice for end users, PC OEMs, system builders, and add-in-card vendors worldwide. NVIDIA shipped its 100th million graphics processor earlier this year and is well positioned for continued growth with the forthcoming release this holiday season of a new family of graphics processors based on the Company’s new CineFX™ architecture.
Fortune Magazine’s America’s 100 Fastest Growing Companies list appears in the September 2, 2002 issue, on newsstands now, and at www.fortune.com.
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 Web site at 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 "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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