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Old 04-Aug-2003, 14:53   #1
Dave Baumann
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Default NVIDIA Announces Acquisition of MediaQ

NVIDIA Announces Acquisition of MediaQ
NVIDIA Leverages MediaQ's Expertise in Low power and Wireless to Bring Rich Multimedia Features to the Wireless Mobile Segment

SANTA CLARA, Calif., Aug. 4 - NVIDIA Corporation (Nasdaq: NVDA - News), the worldwide leader in visual processing solutions, today announced that it has signed a definitive agreement to acquire MediaQ, Inc., the leading provider of graphics and multimedia technology for wireless mobile devices.

Under the terms of the agreement, NVIDIA will acquire privately-held MediaQ for $70 million in total consideration, which NVIDIA expects to pay predominantly in cash. The acquisition, which is expected to be completed in the third quarter of NVIDIA's fiscal year 2004, has been approved by the board of directors of each company and is subject to the satisfaction of regulatory requirements and other customary closing conditions.

Founded in 1997, MediaQ's core technologies enhance visual display capabilities, improve connectivity, and minimize chip and system-level power consumption. The company enhances its semiconductor product offerings with a comprehensive set of software, including drivers for major mobile operating systems (Microsoft PocketPC, Microsoft SmartPhone, Palm, Symbian) and APIs that improve OEM time to market. Key market segments are 3G and 2.5G handsets, PDAs, LCD displays, and other mobile devices. MediaQ customers include leading handset and PDA manufacturers, such as Mitsubishi, Siemens, DBTel, Dell, HP, Palm, Philips, Sharp, and Sony.

"We are delighted to join forces with NVIDIA," said Elie Antoun, chief executive officer and president, MediaQ. "MediaQ's customers will benefit from NVIDIA's vast technology and engineering resources, manufacturing prowess, and global support infrastructure."

"This acquisition supports NVIDIA's strategy of extending our platform reach and accelerates our entry into the wireless mobile markets," added Jen-Hsun Huang, chief executive officer, NVIDIA. "The world class team at MediaQ has made significant penetration and created strong relationships with key technology leaders in the areas of handsets, LCD displays, and PDAs, all essential ingredients in the 3G mobile multimedia revolution. The MediaQ acquisition extends NVIDIA's competencies in ultra low power design methodologies and system-on-chip designs, as well as in the Microsoft Pocket PC, Microsoft SmartPhone, Palm, and Symbian operating systems."

More details will be provided during NVIDIA's quarterly conference call to be held on August 7, 2003.

About NVIDIA
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 1,600 people worldwide. For more information, visit the Company's Web site at www.nvidia.com
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Old 04-Aug-2003, 15:27   #2
Joe DeFuria
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It's hard to find any real relevant technical deatails about chips in this segement...

I wonder how the chips from MediaQ compare (features, power consumption, performance) with ATI's Imageon line?
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Old 04-Aug-2003, 15:52   #3
epicstruggle
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who else services this segment? Cant think of too many companies that provide dedicated graphics to the handheld market.

later,
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Old 04-Aug-2003, 16:12   #4
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Bitboys Oy for one. I can wait for the ensuing "Battle of Vaporware!"
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Old 04-Aug-2003, 17:48   #5
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So much for Nvidia doing anything with the technology they acquired from the 3dfx(MegaPixel) assets sale...
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Old 04-Aug-2003, 22:01   #6
CorwinB
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Check :
http://www.spbsoftwarehouse.com/prod...ark/index.html
and
http://www.pockethackmaster.com/ppcmark.htm

Anyone wants to gamble a small sum on a 150% performance increase in those benchmarks within 3 months with a new mediaQ driver for PPC ?
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Old 05-Aug-2003, 04:17   #7
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LOL cheating on PDAs it's only a matter of time.
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Old 05-Aug-2003, 14:55   #8
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What 3D benchmark proggies are there for PDAs?
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