Ask and you shall receive! June 18, 1998
3Dfx Interactive Reaffirms Strong Market for 3D Gaming
Platform
3Dfx Responds to Concerns of Market Saturation and Reduction in
Business From
Important OEM
SAN JOSE, Calif., June 18 /PRNewswire/ -- 3Dfx Interactive(TM), Inc.
(Nasdaq: TDFX) today reaffirmed that it believes that the market for its
latest generation graphics chipset for 3D gaming, Voodoo2(TM), will
continue to be strong and that it has not reached a saturation point.
Despite published reports that Diamond Multimedia Systems, Inc., an
important supplier for Voodoo2-based board products, will reduce its
Voodoo2 shipments during the, 3Dfx Interactive believes that shipments
to Diamond will be in line with its forecasts. In addition, 3Dfx Interactive is
comfortable with the current inventory levels reported to 3Dfx of Voodoo2
products in the channel.
"We believe that there is continued market acceptance of 3Dfx products,
and we are beginning to see a broadening of our markets," said Greg
Ballard, chief executive officer and president of 3Dfx Interactive.
"Because we are offering a platform for 3D gaming rather than a
general-purpose graphics chip for the PC industry, we believe we have
some unique strengths and occupy a different competitive space than
commodity graphics chips, including one from Intel Corporation. The 3Dfx
platform offers not only superior performance and technology to the
gamer but also a large and quickly growing assortment of 3D games and
considerable consumer brand recognition."
When contacted by 3Dfx Interactive in regard to a published report,
William Schroeder, chief executive officer and president of Diamond
Multimedia said, "Diamond Multimedia absolutely continues its
commitment to 3Dfx and the Voodoo family of products. We have
developed a very strong line of PC-based gaming accelerators under the
Monster brand based on the Voodoo technology from 3Dfx Interactive.
We expect to see this business continue well into the future."
3Dfx Interactive, develops high performance, cost-effective 3D media
processors, software and related technology that are designed to enable
a highly immersive, interactive and realistic 3D experience across
interactive electronic entertainment systems -- personal computers,
coin-operated arcade game machines and location-based entertainment
installations, such as racing car simulators. Current 3Dfx Interactive
products include the Voodoo(TM) family of accelerator chipsets,
Voodoo2, Voodoo Graphics(R) and Voodoo Rush(TM). Visit the
company on the Web at 3dfx.com
Except for the historical information contained herein, the matters set
forth in this press release, such as statements relating to any of the
company's ability to successfully exploit technological and market
developments, the timing and success of new product introductions or
offerings by competitors, and the ability to invest in new technologies and
to enhance existing systems are forward-looking statements that are
subject to risks and uncertainties, including the impact of competitive
products and pricing and alternative technological advanced, the timely
and successful development and market acceptance of new products
and upgrades to existing products, and other risks as detailed from time
to time in each company's SEC filings, including the most recent Forms
10-K and 10-Q.
NOTE: 3Dfx Interactive, Voodoo, Voodoo 2, Voodoo Graphics and
Voodoo Rush are trademarks of 3Dfx Interactive. All other names
trademarks of their respective holders.
/CONTACT: Steve Schick, Editorial Contact, 408-935-4366, or
steve@3dfx.com, or David Zacarias, Investor Contact, 408-935-4380, or
davidz@3dfx.com, both of 3Dfx Interactive, Inc./
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