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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Customer & Information: http://www.3dfx.com/contacts.html
Editorial Contact: Marla Kertzman
3dfx Interactive, Inc.
408-935-4366
[email protected]
3DFX INTERACTIVE ANNOUNCES COMPONENT SHORTAGE WILL RESULT IN SECOND
QUARTER SHORTFALL
CEO says shortfall a result of component supplier not
meeting committed deliveries.
SAN JOSE, CALIF.- JUNE 22, 2000 - The CEO of 3dfx Interactive(R) Inc.
(NASDAQ:TDFX) said today that revenues for the three months ending July 31,
2000, which is the second quarter of its 2001 fiscal year, will be lower than
previous expectations due to the company not receiving a substantial portion of
certain components a supplier committed to provide. 3dfx designs and markets
video graphics chips and video accelerator boards for use in personal computers
and other devices requiring high quality 3D graphics.
"This shortfall is extremely frustrating, as the company has been on course for
returning to operating profitability," Dr. Alex Leupp said. "We believe this
temporary component shortfall will result in deferred rather than lost revenues,
and, therefore, we remain confident about our third quarter."
"We feel very positive about our overall progress to date and believe additional
improvements are on the horizon," Leupp continued. "It is unfortunate that the
availability of components has undermined the prospects for improved earnings in
the second quarter, but we believe it has not affected the longer term outlook
for achieving profitability."
Leupp cited the return to profitability as a top priority when he was named CEO
and president of the company six months ago. Leupp said, "Over the past several
months, we have initiated a number of actions including securing alternative
component suppliers designed to support our earnings goals, and although the
benefits of these actions are not yet fully realized we are satisfied that we
are on the right course."
ABOUT 3DFX INTERACTIVE
3dfx Interactive is a global leader in enabling the emerging age of visual
communications, and the 3D multimedia revolution in personal computers and
consumer products. With its patented and award-winning graphics accelerator
chips, boards and software, 3dfx provides the technology to create high-impact
visual experiences. The Company is recognized worldwide for its ability to bring
the world's finest games, educational content, interactive entertainment and
media-rich business applications to life. 3dfx products are available in retail
stores worldwide, and through leading PC makers including Compaq, Dell and
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Gateway. 3dfx has headquarters in San Jose, Calif., with engineering and
manufacturing facilities in Richardson, Texas, Austin, Texas, and Juarez,
Mexico. The Company also operates www.3dfxgamers.com, the premier online
community for Voodoo owners and gaming enthusiasts. 3dfx Interactive is
available on the Web at http://www.3dfx.com. Visit the 3dfx Virtual Press Room
at http://www.3dfx.com/comp/pressweb/index.html.
This document may contain forward-looking statements that are inherently subject
to risks and uncertainties. The words "estimate," "project," "intend," "expect,"
"believe," and similar expressions are intended to identify forward-looking
statements. The Company's actual results could differ materially from those
currently anticipated due to a number of factors, including, but not limited to,
technical or manufacturing or distribution issues, the competitive environment
for the Company's products, the timing of new orders, the degree of market
penetration of the Company's new products, and other factors set forth in
reports and other documents filed by Company with the Securities and Exchange
Commission from time to time.
3dfx Interactive is a registered trademark. All other names may be trademarks of
their respective holders. Note to Editors: Visit the 3dfx Virtual Press Room at
http://www.3dfx.com/comp/pressweb/index.html.
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