• Join Us |
  • |
  • Sign in with:

3dfx Dissolving

by Maarten Goldstein, Dec 15, 2000 2:13pm PST
Related Topics – 3dfx

Holy shit news of the day; looks like 3dfx is going out of business. In a press release just issued, the company is recommending that shareholders agree with a sale of the assets to NVidia so they can dissolve the company

``After aggressively pursuing a wide range of options that take into consideration the interests of our creditors, our shareholders, our employees and our customers,'' said Alex Leupp, president and CEO, 3dfx Interactive Inc., ``we strongly believe that to reduce expenses, sell our assets and dissolve the company provides the highest return to our creditors, shareholders, and employees.'' ``We expect that the combined technologies of 3dfx and NVIDIA will continue the legacy that 3dfx began in 1994,'' Leupp continued. ``NVIDIA is the number one supplier of graphics technology to the OEM market. With the addition of 3dfx's high-quality technology that leads the retail market, we believe the combination of the two will result in even greater PC graphics leadership.''
NVidia is paying $112 million for the assets. Thanks stiki figgaz. update: NVidia has put up a FAQ on their website answering several questions about the acquisition.


Read all the News


Comments

« Previous 1 2 3 4 5 6 Next »
228 Threads* | 598 Comments
  • #597
    Refresh Thread
    By: MatrixShark x
    Reply
    You will be able to buy a 3D accelerator from NVIDIA for a decent price, no doubt about it. It will be the value card "The MX", and it will exist in that market segment for a very long time. This deal was very wise for NVIDIA it resolves the patent issues at a very low price. Also, on a side note they aquire some very good technology and will hire all of the good engineers left searching for a source of income. You can expect NVIDIA to release very exciting products at their leisure with all the kinks worked out. We will have very reliable cards built on the foundations of great technology (NVIDIA, 3dfx, Gigapixel). Also check out Brian Burkes Interview at FiringSquad.com. The best cards will cost $1500 with complete penetration all the way down. That means we will not see "High-End" performance until the bar raises and technology trickles down. Does anyone disagree how wonderful the times are now to buy a CPU? We are looking at the opposite being born. To conclude, NVIDIA will make wonderful cards for us and we will see them released at excactly the last moment they need to stay competitive. The same will happen with the prices. The competition (ATI) will now decide what level of cards compete for our Value dollars ($150-$300 range). NVIDIA will use ATI to gauge it's prices and releases. Remember, it's just business.
    Dec 16, 2000 8:17am PST