The last Press release from 3dfx

Binbag tols us by using the newssubmit that 3DFX is having some financial problems…

Here’s what he wrote:

On Wednesday, March 28, 8:34 pm Eastern Time was released the last press release from 3dfx Interactive, Inc. The last, because beside the financial results for the fourth quarter and for the whole fiscal 2001 year 3dfx declared that the shareholders of the company has approved the selling of 3dfx graphical assets to NVidia.

For the fourth quarter of fiscal 2001, revenues decreased to $18.3 million, compared to $109.4 million for the fourth quarter of fiscal 2000, a decrease of 83.3%. Net losses for the fourth quarter of fiscal 2001 were $49.0 million compared to net losses of $31.9 million for the fourth quarter of fiscal 2000, an increase in net losses of 53.7%.

Revenues for the year ended January 31, 2001, were $233.1 million, a decrease of 35.3% compared to revenues of $360.5 million for the year ended January 31, 2000. Net losses for the year ended January 31, 2001 were $340.5 million, an increase in net losses of 438.1% compared to net losses of $63.3 million for the year ended January 31, 2000.

The results are frightening. On the other hand, the last two years were not good for 3dfx at all, so such results were expectable. Nevetheless, 3dfx was the first company, who has presented the hardware acceleration of 3D Graphics. They were just the gods of graphics cards in 1997 and 1998. Now, 3dfx has become a Legend of hardware world.



Well this doesn’t sound that good for 3DFX… I know we already knew that (about every gamer has got an Nvidia based card, just a little few an Ati or an 3DFX). I hope 3DFX will have a comeback since some competition on the 3D cards world wouldn’t be that bad…….. (and it would certainly lower the prices…. like Geforce 3 The last Press release from 3dfx)