NVIDIA Reports Operating Results

@ 2004/08/06
"Q2 was challenging and disappointing as the desktop GPU segment declined significantly as a result of several unusual market events," stated Jen-Hsun Huang, president and CEO of NVIDIA. "A major highlight, however, was shipping significant volumes of our GeForce(TM) 6800, the industry's first Shader Model 3.0 GPU. We have once again taken the technology lead with GeForce 6 and are aggressively driving it deeper into the mainstream and value desktop, notebook and professional business segments. Our bold strategy to bring a fundamentally new architecture to the PCI Express transition has resulted in winning key design wins in each segment."

Second Quarter Fiscal 2005 Highlights

* NVIDIA launched volume production of its desktop GeForce 6800
family, which includes the 6800 Ultra, 6800 GT and 6800. The
GeForce 6800 Ultra and GT were recently named the recommended GPUs
for id Software's Doom 3(TM), regarded as one of the most highly-
anticipated PC games in history.
* NVIDIA announced SLI(TM), or Scalable Link Interface, a patent
pending technology which enables multiple GPUs in a PCI Express
system. By combining two GeForce 6 GPUs in a single system,
consumers can nearly double the performance over a single GeForce
6-based system.
* NVIDIA nForce(TM) family was awarded top honors as the chipsets of
choice for each of the high-end, mid-range and low-end AMD-based
motherboards by AnandTech, one of the leading IT sources for
hardware analysis and industry news.
* NVIDIA announced the Mobile PCI Express Module, or MXM(TM), a common
graphics module for PCI Express-based notebook PCs. MXM was jointly
designed by NVIDIA and the industry's leading notebook Original
Design Manufacturers (ODM), including Quanta, Wistron, FIC, Uniwill,
Clevo, AOpen, Tatung, Arima, Asustek and Mitac.
* NVIDIA launched volume production of its GoForce(TM) 4000 wireless
media processors designed into next generation Motorola and
Mitsubishi cell phones. NVIDIA also announced a new design win for
its GoForce 2100 with Samsung Electronics' new SCH-M500 Mobile
Intelligent Terminal.
* The NVIDIA Quadro(R) FX 4000 SDI, the TV and broadcast industry's
first graphics-to-video-out capable solution connected to
programmable graphics, captured the NAB Video Systems Hit Pick 2004
Award, a distinction for products that are expected to make
significant impacts on its industry.

Comment from Sidney @ 2004/08/10
NVIDIA Corporation Announces Stock Repurchase Program

SANTA CLARA, Calif., Aug 9, 2004 /PRNewswire-FirstCall via COMTEX/ -- NVIDIA Corporation (NVDA), today announced a stock repurchase program under which NVIDIA may purchase up to $300,000,000 of its common stock.


"Our Board of Directors and management are confident in NVIDIA's ability to achieve long-term growth. We believe that the repurchase program is a good investment of available funds and underscores our commitment to enhancing stockholder value by assisting in offsetting dilution from employee stock plans," said Jen-Hsun Huang, President and Chief Executive Officer.

The repurchases will be made in the open market or in privately negotiated transactions, from time to time, in compliance with the SEC's Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. The program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be suspended at any time at the company's discretion. The purchases will be funded from available working capital. As of June 30, 2004 NVIDIA had over $600,000,000 of cash, cash equivalents and marketable securities.

http://custom.marketwatch.com/custom...ases.asp?GUID={0BB5B3DC-F50B-49A1-B640-2F5DE29CA51A}&destination=&symb=NVDA

---------------------------------------------------------------------------

After 35% dropped in value last Friday; the buy back program is a good sign to calm the investors.
Comment from Sidney @ 2004/08/07
Doc stays home!! why?
Comment from calantak @ 2004/08/07
I'm home and working
Comment from Sidney @ 2004/08/07
Lan Party - no one home.
Comment from Xploited Titan @ 2004/08/07
Quote:
Originally posted by lazyman
Holy Sh_t!
Sorry, that name is copyrighted to me Use another word...
Comment from Sidney @ 2004/08/06
Nvida value dropped 33% in the morning session of trading; Holy Sh_t!

 

reply