Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 26 March 2007 13:38

Nvidia not duped in 3dfx sale

Written by

 Image


Even though it paid ten times too much

 

Nvidia CEO Jen-Hsun Huang told a court that he did not feel duped by paying $70 million for 3dfx even though it now estimates it was only worth $15 million.


Nvidia is being sued by shareholders of the Voodoo graphics board maker 3dfx which went bankrupt.  They claim the company was worth $150 million.
Lawyers for the creditors claim Nvidia was in a bidding war with Via Technologies.


They claim Nvidia did not make an offer to buy 3dfx but offered a strategic investment.


Huang said that it was not in 3dfx management's best interest to tell him what Via was offering, and he didn't feel duped by 3dfx management.
He said that Nvidia offered a fair deal. And they accepted our deal and they seemed happy with it.


According to SiliconValley.com the case will hinge on Nvidia's accounts and whether or not they will stand up to scrutiny.
More here

Last modified on Monday, 26 March 2007 18:25
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments