SANTA CLARA, Calif., Jan. 13 /PRNewswire-FirstCall/ -- NVIDIA Corporation,
the world leader in visual computing technologies, today revised its revenue
guidance for its fourth quarter of fiscal 2009 ending January 25, 2009.
Revenue for the fourth quarter of fiscal 2009 is expected to be lower than
guidance provided during its third quarter fiscal 2009 financial conference
call held November 6, 2008. Total revenue for the fourth quarter of fiscal
2009 is now expected to decline 40 percent to 50 percent sequentially as a
result of further weakness in end-user demand and inventory reductions by
NVIDIA's channel partners in the global PC supply chain.
No conference call will be held in conjunction with this business update.
Additional commentary pertaining to the fourth quarter of fiscal 2009 will be
available when NVIDIA reports its financial results for the fourth quarter of
fiscal 2009 on February 10, 2009. The Company is currently observing the
pre-earnings quiet period and will not make further comments about its
expected results for the fourth quarter of fiscal 2009 in the interim.
NVIDIA (Nasdaq: NVDA) is the world leader in visual computing technologies
and the inventor of the GPU, a high-performance processor which generates
breathtaking, interactive graphics on workstations, personal computers, game
consoles, and mobile devices. NVIDIA serves the entertainment and consumer
market with its GeForce(R) products, the professional design and visualization
market with its Quadro(R) products, and the high-performance computing market
with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, Calif.
and has offices throughout Asia, Europe, and the Americas. For more
information, visit http://www.nvidia.com.
Certain statements in this press release including, but not limited to,
statements as to: NVIDIA's fourth quarter results and the factors impacting
fourth quarter results are forward-looking statements that are subject to
risks and uncertainties that could cause results to be materially different
than expectations. Important factors that could cause actual results to differ
materially include: changes in global economic conditions; development of more
efficient or faster technology; adoption of the CPU for parallel processing;
design, manufacturing or software defects; the impact of technological
development and competition; changes in consumer preferences and demands;
customer adoption of different standards or our competitor's products; changes
in industry standards and interfaces; unexpected loss of performance of our
products or technologies when integrated into systems, as well as other
factors detailed from time to time in the reports NVIDIA files with the
Securities and Exchange Commission including its Form 10-Q for the fiscal
period ended October 26, 2008. Copies of reports filed with the SEC are posted
on our website and are available from NVIDIA without charge. These
forward-looking statements are not guarantees of future performance and speak
only as of the date hereof, and, except as required by law, NVIDIA disclaims
any obligation to update these forward-looking statements to reflect future
events or circumstances.
Copyright (C) 2009 NVIDIA Corporation. All rights reserved. NVIDIA, the
NVIDIA logo, GeForce, Quadro, and Tesla are trademarks and/or registered
trademarks of NVIDIA Corporation in the U.S. and other countries. Other
company and product names may be trademarks of the respective companies with
which they are associated.
SOURCE NVIDIA Corporation
CONTACT: Michael Hara, Investor Relations, +1-408-486-2511,
firstname.lastname@example.org, or Derek Perez, Corporate
email@example.com, both of NVIDIA Corporation
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