Posted: Fri Dec 15, 2000 5:39 pm
from http://www.pcabusers.net/
Ripped from <a href="http://www.voodooextreme.com/#8986" target="_blank">VoodooExtreme</a> and as posted at <a href="http://biz.yahoo.com/prnews/001215/ca_3dfx_in.html" target="_blank">biz.yahoo</a>
<b>3DFX Announces Three Major Initiatives to Protect Creditors and Maximize Shareholder Value
Board of Directors Initiates Cost-Cutting Measures, Recommends to Shareholders Sale of Company Assets to NVIDIA Corporation for $112 Million and Dissolution Of Company</b>
Say what? What.
<i>"SAN JOSE, Calif., Dec. 15 /PRNewswire/ -- In an effort to protect its creditors and maximize shareholder value, 3dfx Interactive, Inc. (Nasdaq: TDFX - news) announced today that it will substantially reduce all of its workforce as part of an initiative to significantly reduce expenses. In addition, the company said its Board of Directors will recommend to its shareholders that they approve the sale of most of the company's assets to NVIDIA Corporation (Nasdaq: NVDA - news) as outlined in a definitive agreement between the companies that was signed today, and also approve a plan to dissolve the company following completion of the asset sale."</i> reead the full release from <a href="http://biz.yahoo.com/prnews/001215/ca_3dfx_in.html" target="_blank">biz.yahoo</a> <font color=red><small>*submitted by sbp</font color></small>
Ripped from <a href="http://www.voodooextreme.com/#8986" target="_blank">VoodooExtreme</a> and as posted at <a href="http://biz.yahoo.com/prnews/001215/ca_3dfx_in.html" target="_blank">biz.yahoo</a>
<b>3DFX Announces Three Major Initiatives to Protect Creditors and Maximize Shareholder Value
Board of Directors Initiates Cost-Cutting Measures, Recommends to Shareholders Sale of Company Assets to NVIDIA Corporation for $112 Million and Dissolution Of Company</b>
Say what? What.
<i>"SAN JOSE, Calif., Dec. 15 /PRNewswire/ -- In an effort to protect its creditors and maximize shareholder value, 3dfx Interactive, Inc. (Nasdaq: TDFX - news) announced today that it will substantially reduce all of its workforce as part of an initiative to significantly reduce expenses. In addition, the company said its Board of Directors will recommend to its shareholders that they approve the sale of most of the company's assets to NVIDIA Corporation (Nasdaq: NVDA - news) as outlined in a definitive agreement between the companies that was signed today, and also approve a plan to dissolve the company following completion of the asset sale."</i> reead the full release from <a href="http://biz.yahoo.com/prnews/001215/ca_3dfx_in.html" target="_blank">biz.yahoo</a> <font color=red><small>*submitted by sbp</font color></small>