CMC Industries, Inc. Announces Turnkey Relationship With Diamond Multimedia.SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb.18, 1998--CMC Industries, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMCI CMCI Constant Maturity Commodity Index (investing) CMCI Cable Modem to CPE Interface (Sprint) CMCI Computer and Math Citation Index CMCI CM Consulting and Investigations ) today announced that it has been awarded a turnkey contract by Diamond Multimedia Systems, Inc. (NASDAQ: DIMD DIMD Dorland's Illustrated Medical Dictionary ) to manufacture products in support of Diamond Multimedia's recently announced relationships with major OEM partners. The contract is expected to generate revenue for CMC of approximately $100 million on an annual basis. "We are pleased that Diamond Multimedia has selected CMC as a manufacturing partner in executing its OEM strategy," commented Matthew Landa, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CMC Industries. "This contract reflects the strength of the working relationship that we have established with Diamond over the past two years and is a reflection of the high level of quality and service provided by CMC to its customers. We look forward to assisting Diamond in serving the growing needs of its OEM customers." "Diamond Multimedia looks forward to working with CMC Industries to provide high-quality graphics accelerators to our growing number of customers," said Larry Elizondo, Vice President of PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. Operations at Diamond Multimedia. Diamond Multimedia Diamond Multimedia is driving the interactive multimedia market by providing advanced solutions for home, business and professional desktop computer users, enabling them to create, access and experience compelling new media content from their desktops and through the Internet. Diamond accelerates multimedia from the Internet to the hard drive with products that include the Stealth and Viper(R) series of media accelerators, the Monster series of entertainment 3D and sound accelerators, the Fire series of professional 3D and SCSI accelerators and the Supra(R) series of modems. Diamond also markets DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and video phone kits. Diamond's common stock is traded on the NASDAQ stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol DIMD, and its web site address is http://www.diamondmm.com. Headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , CMC Industries is a leading provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). to original equipment manufacturers in the telecommunications, computer and electronics industries. The Company has operations in Corinth, Mississippi; Santa Clara, California; Hermosillo, Mexico; Huntsville, Alabama and Taipei, Taiwan. For further information, visit CMC's home page at http://www.cmcindustries.com. The matters set forth in this news release may contain forward looking statements. Actual results may differ materially from those described herein and are dependent on certain risks and uncertainties including, but not limited to, the timing and magnitude of orders from customers with projects currently in development as well as continued orders and growth in orders from customers already in volume production, the ability of the Company to accurately forecast the timing and magnitude of future customer orders and appropriately adjust its expenditures in respect thereof, changes in customer mix and volume, competition, component availability, inventory obsolescence, business conditions in the general economy as well as the industries in which the Company and the Company's customers' compete and other risk factors such as those detailed in the Company's SEC reports. CONTACT: CMC Industries Inc., Santa Clara Andrew J. Moley, 408/982-9999 ext. 503 |
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