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Stanford Business School Recognizes NVIDIA for Growth, Innovation and Industry Leadership
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FOR IMMEDIATE RELEASE:
SANTA CLARA—MAY 14, 2003—NVIDIA Corporation, the worldwide leader in visual processing solutions, today announced that the Stanford Business School Alumni Association has named NVIDIA as the Entrepreneurial Company of the Year for 2003.
The award, given to one company every year since 1978, recognizes the entrepreneurial spirit and success of companies that were founded in Silicon Valley. NVIDIA is the 26th honoree. Past recipients include Veritas Software, Siebel Systems, Inc., eBay, Inc., Charles Schwab & Company, Yahoo!, Netscape Communications, Cisco Systems, Inc., Sun Microsystems, LSI Logic, Genentech Technology and Apple Computer.
NVIDIA was honored at the annual Entrepreneurial Company of the Year Award dinner on Tuesday, May 13 at the Menlo Circus Club in Atherton, California. Featured speakers were Stanford Business School Dean Robert Joss and Jen-Hsun Huang, president, CEO and co-founder of NVIDIA.
“We applaud NVIDIA’s outstanding performance and entrepreneurial spirit,” said Robert Joss, Dean of the Stanford Graduate School of Business. “The company has achieved worldwide market leadership through a sustained commitment to innovation and excellence.”
“We selected NVIDIA as this year's Stanford Entrepreneurial Company of the Year because NVIDIA represents the classic Silicon Valley success story,” said Geoff Yang, partner at Redpoint Ventures and chairman of the 2003 Encore Award Selection Committee. “From start-up to a run rate of over $2 billion in revenue, Jen-Hsun Huang and his team have transformed the 3D graphics industry against all odds.”
“It is a great honor to receive the Entrepreneurial Company of the Year Award,” said Mr. Huang. “When we founded the company ten years ago, we envisioned that 3D graphics would become a powerful and compelling interactive medium. Through our efforts this past decade, 3D graphics has moved beyond the realm of just scientists and professionals, and have touched the lives of millions of consumers.”
Mr. Huang added: “I am especially proud of our employees. Any success we’ve had is a direct result of their vision, passion, and determination to build one of the most influential technology companies in the world.”
About the Encore Award
The Peninsula Chapter of the Stanford Business School Alumni Association founded the Encore Award in the late 1970s. The first award was given in 1978 to California Microwave, Inc. The Peninsula Chapter Board of Directors saw an opportunity to begin recognizing the entrepreneurial spirit of the new companies that were springing up in Silicon Valley.
NVIDIA Corporation is a market leader in visual computing technology 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 game consoles. NVIDIA is headquartered in Santa Clara, California and employs more than 1,500 people worldwide. For more information, visit the Company’s Web site at www.nvidia.com <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 "Certain Business Risks," for a fuller discussion of these and other risks and uncertainties.
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