EX-99.1
2
pressrelease010507.htm
PRESS RELEASE - COMPLETION OF ACQUISITION
Press Release - completion of acquisition
EXHIBIT
99.1
NVIDIA
COMPLETES ACQUISITION OF PORTALPLAYER
SANTA
CLARA, CA-JANUARY 5, 2007-
NVIDIA
Corporation (Nasdaq: NVDA), the worldwide leader in programmable graphics
processor technologies, today announced that it has completed the acquisition
of
PortalPlayer, Inc., a leading supplier of semiconductors, firmware, and software
for personal media players and secondary display-enabled computers.
The
acquisition of PortalPlayer is expected to accelerate NVIDIA's ongoing
investment in its handheld product strategy. NVIDIA's handheld technology,
which
combines high-quality graphics, TV, and video with low power and a small
footprint, is at the foundation of many industry-leading portable media devices,
including phones from Motorola, Samsung, Kyocera, HTC, and Sony
Ericsson.
About
NVIDIA
NVIDIA
Corporation is the worldwide leader in programmable graphics processor
technologies. The Company creates innovative, industry-changing products for
computing, consumer electronics, and mobile devices. NVIDIA is headquartered
in
Santa Clara, California and has offices throughout Asia, Europe, and the
Americas. For more information, visit www.nvidia.com.
Certain
statements in this press release including, but not limited to, statements
as to
NVIDIA's ongoing investments in its handheld product strategy and its handheld
technology are forward-looking statements within the meaning of the Private
Securities Reform Act of 1995 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, the risk that we will not realize
the anticipated benefits of this acquisition; risks associated with acquisitions
including the ability to successfully integrate technologies, employees and
operations; diversion of management's attention; retaining key employees; risks
associated with international operations; trends in the semiconductor and
handheld device industries; failure of handheld device initiatives; slower
than
anticipated growth of the market for handheld devices; the impact of competitive
products and technological advances; reliance on third party manufacturers;
market acceptance of new products and technologies and other risks detailed
from
time to time in the reports NVIDIA files with the Securities and Exchange
Commission including its Form 10-Q for the quarter ended October 29, 2006.
Copies of reports NVIDIA filed with the SEC are posted on its Web site and
are
available from NVIDIA without charge. These forward-looking statements are
not
guarantees of future performance and speak only as of the date hereof, and,
except as required by law, NVIDIA disclaims any obligation to update these
forward-looking statements to reflect future events or
circumstances.
#
#
#
Copyright®
2007 NVIDIA Corporation. All rights reserved. All company and/or product names
may be trade names, trademarks and/or registered trademarks of the respective
owners with which they are associated.

EX - 99 . 1 2 pressrelease010507 . htm PRESS RELEASE - COMPLETION OF ACQUISITION Press Release - completion of acquisition EXHIBIT 99 . 1 NVIDIA COMPLETES ACQUISITION OF PORTALPLAYER SANTA CLARA , CA - JANUARY 5 , 2007 - NVIDIA Corporation ( Nasdaq : NVDA ) , the worldwide leader in programmable graphics processor technologies , today announced that it has completed the acquisition of PortalPlayer , Inc . , a leading supplier of semiconductors , firmware , and software for personal media players and secondary display - enabled computers . The acquisition of PortalPlayer is expected to accelerate NVIDIA ' s ongoing investment in its handheld product strategy . NVIDIA 's handheld technology , which combines high - quality graphics , TV , and video with low power and a small footprint , is at the foundation of many industry - leading portable media devices , including phones from Motorola , Samsung , Kyocera , HTC , and Sony Ericsson . About NVIDIA NVIDIA Corporation is the worldwide leader in programmable graphics processor technologies . The Company creates innovative , industry - changing products for computing , consumer electronics , and mobile devices . NVIDIA is headquartered in Santa Clara , California and has offices throughout Asia , Europe , and the Americas . For more information , visit www.nvidia.com . Certain statements in this press release including , but not limited to , statements as to NVIDIA 's ongoing investments in its handheld product strategy and its handheld technology are forward - looking statements within the meaning of the Private Securities Reform Act of 1995 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 , the risk that we will not realize the anticipated benefits of this acquisition ; risks associated with acquisitions including the ability to successfully integrate technologies , employees and operations ; diversion of management 's attention ; retaining key employees ; risks associated with international operations ; trends in the semiconductor and handheld device industries ; failure of handheld device initiatives ; slower than anticipated growth of the market for handheld devices ; the impact of competitive products and technological advances ; reliance on third party manufacturers ; market acceptance of new products and technologies and other risks detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10 - Q for the quarter ended October 29 , 2006 . Copies of reports NVIDIA filed with the SEC are posted on its Web site and are available from NVIDIA without charge . These forward - looking statements are not guarantees of future performance and speak only as of the date hereof , and , except as required by law , NVIDIA disclaims any obligation to update these forward - looking statements to reflect future events or circumstances . # # # Copyright ® 2007 NVIDIA Corporation . All rights reserved . All company and / or product names may be trade names , trademarks and / or registered trademarks of the respective owners with which they are associated .