During a conference call this morning conducted by Nvidia Corporation executives, the company indicated that they plan to offer positions to one hundred former employees of 3dfx Interactive (approximately 25% of the company's workforce) with the vast majority being hardware engineers described by Nvidia CEO Jen-Hsun Huang as "world-class" and "the best of the best". The company also indicated that 3dfx Interactive was developing two product lines beyond the Rampage architecture expected for release in Q1 2001, and Nvidia will begin the process of looking over those technologies as early as next week to decide which features to incorporate into future Nvidia technologies. The $112 million agreement for the acquisition of assets from 3dfx Interactive, which is pending shareholder approval, includes $70 million cash and 1 million shares of Nvidia common stock.

by MacNN Staff