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Technology Stocks : Faroudja FDJA -- Ignore unavailable to you. Want to Upgrade?

To: Ken Muller who wrote (81)	4/1/1998 9:32:00 AM
From: Cosmo Kramer	Respond to of 249

<<You might want to re-check your sources on that one.>> Your post tends to indicate there is a problem related to FDJA and SIII's partnership in the video market. Care to expand your thoughts? Thanks, Mark

To: Ken Muller who wrote (81)	4/1/1998 7:50:00 PM
From: Cosmo Kramer	Read Replies (1) \| Respond to of 249

I guess you were right: No foolin... Wednesday April 1, 6:36 pm Eastern Time Company Press Release Faroudja Inc. and S3 Agree to Drop PC Exclusivity SUNNYVALE, Calif.--(BUSINESS WIRE)--April 1, 1998---Faroudja Inc. (Nasdaq NMS:FDJA - news) Wednesday announced that the exclusivity provisions of the company's license with S3 Inc. [Nasdaq:SIII - news] will end at the close of the first quarter of this year. Last year, Faroudja signed a licensing agreement with S3 which gave S3 the right to develop integrated circuits incorporating Faroudja's video processing technology and S3's graphics accelerators for use in personal computers (PCs). The license had been exclusive for certain technologies for certain markets, provided that minimum royalty payments were made. S3 has informed the company that it will not make the license payments necessary to maintain its exclusive license rights with respect to any periods after March 31, 1998. License fees from S3 will represent approximately 23 percent of the company's revenues for the first quarter of 1998. ''With the release of the exclusivity provision with S3, Faroudja may now license additional companies,'' stated Michael Moone, president and chief executive officer. ''Our strategy now encompasses the license of Faroudja technology to other companies in the PC market, as well as the sale of chipsets to PC manufacturers for use in multimedia PCs and PC/TV convergence products, and the sale of chipsets to PC board manufacturers.'' Faroudja is recognized around the world for its superior video processing technology; the company holds more than 50 patents. Faroudja's growing number of consumer and commercial products is designed to bring HDTV-quality images to the digital broadcast, display, PC/TV convergence and home theater markets. Faroudja products improve picture quality dramatically, by increasing the number of display lines reproduced on screen, by increasing displayed bandwidth and by correcting noise, color and motion errors. Except for historical information contained herein, the matters set forth in this news release, such as statements relating to the company's ability to drive technological developments and the acceptance and timing of product introductions, are forward-looking statements that are subject to risks and uncertainties, including timely development and acceptance of new products, the impact of competitive products and pricing, the timely development and release of products by suppliers, and other risks set forth under the caption, ''Factors Affecting Future Operating Results'' in the company's annual report on Form 10-K for the year ended Dec. 31, 1997 filed with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Faroudja Inc., Sunnyvale Michael Hoberg or Kenneth Boschwitz, 408/735-1492 or OPUS Group Mary McCarthy, 310/440-8600 mmmcc@pacbell.net -------------------------------------------------------------------------------- More Quotes and News: Faroudja, Inc (Nasdaq:FDJA - news) S3 Inc (Nasdaq:SIII - news) Related News Categories: computers, internet, retail, semiconductors --------------------------------------------------------------------------------