microsites>>   

3Dlabs Completes Acquisition of Intense3D

HAMILTON, Bermuda - July 24, 2000 - 3Dlabs, Inc. Ltd., (NASDAQ:TDDD) today announced that it has completed its acquisition of the assets of the Intense3D operation of Intergraph Corporation (NASDAQ:INGR).

3Dlabs will be exhibiting both its Oxygen and newly acquired Wildcat professional graphics accelerators at the SIGGRAPH 2000 exhibition at the Ernest Morial Convention Center in New Orleans, LA, from July 25th-27th in booths 1421 and 3029.

"This acquisition advances 3Dlabs' growth strategy with the addition of market leading high-end and very high-end professional graphics products and provides 3Dlabs with the resources of an additional proven and respected development team. Given the complementary nature of our product lines and channels, OEM and geographic strengths and that both companies are shipping successful product lines, we anticipate the acquisition to substantially increase our expected revenues in the second half of 2000," stated Osman Kent, president and CEO of 3Dlabs.

As previously announced, the acquisition was expected to close during the 2nd quarter of 2000 and be accretive to results in the 3rd quarter. However, due to a number of factors, the acquisition did not close until the 3rd quarter. Accordingly, 3Dlabs will incur certain one-time acquisition related charges in the 3rd quarter and the acquisition is now expected to be accretive on an earnings before goodwill (EBG) basis in future quarters.

"3Dlabs and Intense3D have similar visions for growth in the graphics industry. We believe the integration of these two market leaders will allow the combined company to continue its leadership in the professional graphics market segment. Furthermore, the addition of new engineering resources will enable 3Dlabs to enhance its development efforts focused on providing leading edge graphics technology in growth markets on both the PC and on emerging appliance platforms," concluded Kent.

Under the terms of the acquisition agreement, 3Dlabs has issued 3,588,060 common shares to Intergraph as initial consideration for the acquired assets, with an earn-out provision totaling up to an additional $25 million, payable in stock and/or cash at 3Dlabs' option. The earn-out will be based on certain performance metrics for the Intense3D operations for the remainder of fiscal year 2000.

About 3Dlabs 

Founded in 1994, 3Dlabs is a leading supplier of integrated hardware and software graphics accelerator solutions for workstations and design professionals. 3Dlabs develops silicon, boards and software drivers to create products that effectively meet the performance and quality needs of users who rely on graphics for their productivity. 3Dlabs sells its award-winning Oxygen and Wildcat products to leading system OEMs including Compaq, Dell, Fujitsu, Fujitsu-Siemens, Gateway, Hewlett-Packard, IBM, Intergraph Computer Systems, Hitachi, NEC and Sun Microsystems, through an international distributor and reseller network and directly to end-users at 3Dlabs' online store. The performance-leading Wildcat and high volume Oxygen accelerator families target complementary segments of the Computer Aided Design (CAD), Digital Content Creation (DCC), geophysical, medical and visual simulation markets, resulting in the broadest range of professional graphics products in the industry today. 3Dlabs has operations in Alabama, California, Colorado, Massachusetts, Texas, Washington, Germany, Japan and the United Kingdom. 

http://www.3dlabs.com

 

Sponsored Links

<% Call SelectBanner("sponsoredlinks") %> AnyDWG Offers DWG to PDF, DWG to DXF, PDF to DWG, DWG to JPG, PDF to DXF Converters

AutoDWG offers DWF to DWG, DWG to PDF , PDF to DWG, DWG to Flash Converters, DWG Viewer.

eCampus.com Get your stuff for College... Cheap! Textbooks, Greek Gear, DVD's, University Clothing, Computers and MORE!

Access Your PC from Anywhere Free Trial plus 10% Off!