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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: John Nasser who wrote (14513)	9/7/2000 9:29:25 AM
From: John Nasser	Read Replies (1) \| Respond to of 14577

S3 and DreamWorks Records Partner to Promote Content On New Rio Players Tracks From Top Artists Preloaded On Players to be Released This Year VANCOUVER, Wash.--(BUSINESS WIRE)--Sept. 7, 2000--S3®'s Rio Division(TM) (Nasdaq:SIII - news) announced today an agreement with DreamWorks Records, a division of DreamWorks SKG, to put four music tracks from the label's artists on future Rio portable digital audio players. Included will be the hit song ``Last Resort'' from Papa Roach's album Infest. This album is currently eighth on the Billboard Top 200 Album chart. The agreement furthers S3's strategic alliances with the record labels to advance mainstream adoption of digital music. S3 has previously announced agreements with Hollywood Records and TVT Records to promote tracks from popular artists like Fastball and Snoop Dogg on the Rio players. To highlight what consumers can expect from this partnership, DreamWorks will provide two additional tracks for the recently announced Rio 600, which is currently available worldwide. Nikki Love's ``They Don't Understand Me'' and Nelly Furtado's ``Turn off the Light'' will be added to the selections already featured on the Rio 600 early next month. ``We view this partnership with S3 as providing a great promotional vehicle for our artists and further supporting our commitment to digital music,'' said Jed Simon, Head of New Media for DreamWorks Records. The tracks to be featured on future players include ``Girl from the Gutter,'' by Kina, ``Son of Sam,'' by Elliot Smith, ``Last Resort'' by Papa Roach and ``Illumination'' by Rollins Band. ``As the market for these players broadens, content will become a crucial differentiator,'' said Mike Reed. ``By providing music from DreamWorks preloaded on the players, we are giving consumers a great experience the first time they turn on their Rio.'' About DreamWorks DreamWorks Records is a division of DreamWorks SKG, which was formed in October 1994 by its three principal partners -- Steven Spielberg, Jeffrey Katzenberg and David Geffen -- to produce live-action motion pictures; animated feature films; network, syndicated and cable television programming; home video entertainment; records; books; toys; consumer products; and interactive entertainment. 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 relaunched 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. For more information on S3, contact Tracy Perry, Investor Relations, 408/588-8086, ir@s3.com. Record labels interested in partnering with S3 can contact Sherman Tam, Director of New Media, S3's Rio Division, 360/604-1400, shermant@s3.com. Except for historical information contained herein, the matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including the impact of competitive products and pricing and of alternative technological advances and other risks detailed from time to time in S3's SEC reports, including its quarterly report on Form 10-Q for the quarter ended June 30, 2000. 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 owners. -------------------------------------------------------------------------------- Contact: Porter Novelli Convergence Group Rob McMurtrie, 206/727-2880 rob.mcmurtrie@pnicg.com