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Bron: Savage Daily News

De fusie tussen S3 en Diamond heeft nu eindelijk de goedkeuring gekregen van de S3 en Diamond aandeelhouders, en kan nu dus doorgevoerd worden. Hier heb je wat spul uit de press release bij Savage Daily News:

S3 Incorporated (Nasdaq:SIII - news) and Diamond Multimedia Systems, Inc. announced today that the merger of the two companies has been approved by both S3 and Diamond's shareholders.

Under the terms of the merger, shareholders of Diamond Multimedia will receive .52 of a share of S3 stock for each share of Diamond Multimedia stock held.

``With the addition of Diamond Multimedia, S3 immediately expands its technology leadership beyond PC graphics and into several new, high-growth markets including Internet audio, broadband communications and home networking,'' said Ken Potashner, Chief Executive Officer of S3 Incorporated.

``S3 now has several key elements in place -- comprehensive technology, strong distribution channels and an established brand name to play a leading role in the rapidly evolving personal computing and Internet appliance markets.''

Restructured Business Model

Based on the completed merger, S3 will be comprised of four distinct business units:

-- Communications -- Designing the information infrastructure for tomorrow's home and small office environments, S3's Communications technology includes home networking products, broadband communications products and Internet appliances, including the Rio players. S3's Communications business unit is headquartered in Vancouver, Wash.

-- Multimedia -- Building on S3's historical leadership in PC Graphics, the Multimedia business unit is responsible for desktop and mobile graphics products, audio products and other forthcoming consumer and PC-based graphics and video initiatives. S3's Multimedia business unit is headquartered in Santa Clara.

-- Professional Graphics -- Based on exclusive access to IBM's high-end graphics technology, S3's Professional Graphics unit is committed to bringing superior price/performance solutions, such as the Fire GL1 accelerator, to the workstation-level graphics market. S3's Professional Graphics business unit is based in Starnberg, Germany.

-- RioPort -- Providing the ultimate online site for digital audio content, RioPort is seeking to revolutionize the way people access and listen to music and spoken word audio. RioPort is headquartered in San Jose, Calif.

Check de volledige press release voor meer info.

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