S3 Makes Strategic Investment in DataPlay
SANTA CLARA, Calif.--(BUSINESS WIRE)--June 1, 2000--S3© Incorporated (Nasdaq:SIII - news) today announced their endorsement of the DataPlay disc through a strategic investment in DataPlay, Inc.
This investment will help to further the development of the DataPlay disc, an emerging standard in Web-enabled digital content and distribution media.
An affordable, miniature optical media about the size of a quarter, the DataPlay disc is capable of holding four hours of CD quality music. S3 sees this technology as meeting the demands for easier portable access to content and a way to make future Rio products even easier to use.
``Affordability and capacity have presented challenges when it comes to removable storage media,'' said Jim Cady, president of S3's Rio Audio Group. ``The development of the DataPlay disc addresses these industry concerns and provides S3 the ability to offer more flexibility and performance to future Rio customers.''
For more information on DataPlay, Inc. and the DataPlay disc, contact Megan Castle at 303/615-5070 (mcastle@alexanderogilvy.com) or visit www.dataplay.com.
About S3 Incorporated
Following its acquisition of Diamond Multimedia and the transfer of its graphics chip assets to a joint venture company, S3 has been re-launched as a digital media company focused on creating products and partnerships that help build the digital home. Combining significant financial assets with a strong technology portfolio, that includes the Rio family of digital audio players and the HomeFree series of home networking solutions, S3 is uniquely positioned to capitalize on high growth opportunities in the rapidly converging Internet and consumer device markets.
Except for the historical information contained herein, the matters set forth in this press release, such as statements as to S3's ability to offer more flexibility and performance to future Rio customers, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing and of alternative technological advances, S3's ability to enter into and work with its strategic partners to accomplish the goals of those relationships, S3's ability to develop and successfully bring to market in a timely manner the products described with the features detailed above, and other risks detailed from time to time in S3's SEC reports, including its annual report on Form 10-K for the year ended December 31, 1999. S3 is a registered trademark of S3 Incorporated. The S3 corporate logo, Diamond Multimedia, and HomeFree are trademarks of S3 Incorporated. Rio is a trademark of RioPort.com, Inc. and is used by S3 under license from RioPort.com, Inc. Other marks referenced herein are the property of their respective owner.
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Contact:
S3, Incorporated
Paul Crossley, 408/588-8664
pcross@s3.com
or
Porter Novelli Convergence Group
Nate Schwalbach, 206/727-2880
Nate.schwalbach@pnicg.com |
