Diamond Multimedia Announces Partnership with Toshiba to Deliver DVD-ROM Solutions to the PC Retail Market; Company Intends to Be Among First to Bring Line of DVD-ROM Products to Channel.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 11, 1996--Diamond Multimedia Systems, 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 : DIMD DIMD Dorland's Illustrated Medical Dictionary ) today announced an agreement with Toshiba America Information Systems, Inc., Disk Products Division (TAIS TAIS Toshiba America Information Systems, Inc. TAIS Tactical Airspace Integration System (US Army) TAIS Target Architecture and Implementation Strategy TAIS Texas Apiary Inspection Service DPD DPD Department of Planning and Development DPD Dihydropyrimidine Dehydrogenase DPD Dead Peer Detection (Cisco) DPD Division of Parasitic Diseases (US CDC) DPD Dominant Wave Period DPD Drug Product Database ) to deliver what is potentially the industry's first line of DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. solutions for personal computers. Under the agreement, Diamond will bundle TAIS DPD's DVD-ROM drives in multimedia kits for the commercial distribution and retail channels. TAIS DPD's DVD-ROM drives, in conjunction with Diamond's PCI-based adapters featuring decoders for MPEG-2 video and Dolby AC-3 digital audio, will allow consumers to experience exciting new DVD-based entertainment content on their PCs. Diamond Multimedia's first retail DVD-ROM products are expected to ship in early 1997 and will be showcased for the first time at the Comdex tradeshow in Las Vegas in booth No. L882. 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. technology offers high-speed data transfer and provides for the storage of seven times the amount of data on a CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). on a single-side, single-layer DVD disc, and approximately 25 times on a double-sided, double-layer DVD disc. These capabilities enable developers to create compelling new PC content, including next-generation games, interactive movies and new types of business applications. "As a leading provider of graphics and video subsystems as well as multimedia kits, DVD-based PC products, which are video and graphics centric, are a logical extension for Diamond Multimedia," said Bill Schroeder, president and 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. , Diamond Multimedia Systems, Inc. "Through our partnership with TAIS DPD, one of the world's largest consumer electronics companies, Diamond intends to continue to be a leading solutions provider to the growing number of PC users waiting to upgrade to DVD." "TAIS DPD has played the lead role in developing and defining the DVD standard for the next generation of multimedia content," said Ken Jones, director of DVD marketing for Toshiba America. "With Diamond Multimedia we have a strong partner with a very successful track record in distribution, sales and marketing of industry-leading multimedia hardware solutions." Access Media International (AMI) projects that the majority of DVD-ROM hardware sales will come from upgrade kits through mid-1997, with sales estimated at $3.7 million in 1996 and growing to $194 million in 1997. By the year 2000, AMI predicts DVD-ROM hardware sales will reach $1.28 billion with an installed base of seven million units. The introduction of DVD will benefit software publishers who can distribute multimedia titles on a single DVD-ROM disc instead of multiple CD-ROMs. Large numbers of content developers have expressed support for DVD-ROM, which will allow them to create video-, audio- and data-intensive entertainment and business applications at lower costs. DVD-ROM technology also provides high-speed data transfer, as well as other additional features and functionalities beyond the capabilities of CD-ROM drives. According to a new research report from SIMBA Information Inc., Stamford, Conn., DVD-ROM software could generate revenues of $100 million annually by 1999 and will begin to take revenues away from CD-ROM beginning in 1997. The report, Multimedia Title Publishing 1996-97: Review, Trends & Forecast, estimates that DVD-ROM software sales will reach $35 million in 1997, $75 million in 1998 and $100 million by 1999. Diamond Multimedia Diamond Multimedia is driving the Internet multimedia market by providing interactivity and connectivity 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. Products include the Stealth and Monster 3D series of media accelerators, the Fire GL series of professional 3D and CAD accelerators, and the Supra A relational DBMS from Cincom Systems, Inc., Cincinnati, OH (www.cincom.com) that runs on IBM mainframes and VAXs. It includes a query language and a program that automates the database design process. series of modems and NetCommander ISDN adapters. Diamond also markets sound cards and multimedia and Internet upgrade kits. Headquartered in San Jose, Diamond has sales, marketing and technical facilities in Vancouver (Wash.), Singapore, Seoul, Tokyo, Starnberg (Germany), Clichy (France) and Winnersh (U.K.). Diamond's products are sold through regional, national and international distributors as well as to major computer retailers, mass merchants and OEMs worldwide. 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. How to Contact Diamond Multimedia There are many ways to reach Diamond for sales support, technical assistance, driver updates and general information: Diamond Multimedia's Headquarters and Visual Systems Division: 408/325-7000; Fax: 408/325-7070 Communications Division (Supra brand modems) Main Phone Number: 360/604-1400; Fax: 360/604-1401 European Division (Germany): +49-8151-266-0; (UK): +44-1189-444400; (France) +33-47561157 Korean Division (Seoul): +82-2-551-2700; Fax: +82-2-551-2710 Japanese Office (Tokyo): +81-3-5695-8401; Fax: +81-3-5695-8403 Asia-Pacific Sales and Support (Singapore): +65-254-3163; Fax: +65-254-3407 Support Information Line for Communications: 800/774-4965 Product Support (Voice), Visual Systems: 408/325-7100; Communications: 541/967-2450; Europe (Germany) +49-8151-266-330; Europe (UK) +44-1189-444444; ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. Support Center 408-325-7110; Fire GL Support Center 408/325-7120 Product Support (Fax), Visual Systems: 408/325-7171; Communications: 541-967-2401; Europe (Germany) +49-8151-266-331; Europe (UK): +44-1189-444445; (France) +33-1-47561139 Pre-sales Information, Visual Systems: 800/468-5846; Communications: 800/727-8772 Investor Relations Investor relations The process by which the corporation communicates with its investors. : 408/325-7476; Fax-On-Demand: 800/346-3329; International Fax-On-Demand: 201/433-1778 24-Hour Fax-On-Demand Service, Visual Systems: 800/380-0030; Communications: 541/967-0072 FTP sites: ftp FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to .diamondmm.com; or Supra: ftp.supra.com BBS (1) (Bulletin Board System) A computer system used as an information source and forum for a particular interest group. They were widely used in the U.S. for Visual Systems 408/325-7080 (to 14.4 Kbps) or 408/325-7175 (to 28.8 Kbps) or 408/383-0551 (ISDN); Communications BBS: 541/967-2444; Europe (Germany) BBS at +49-8151-266333 (to 28.8 Kbps) or +49-8151-266334 (ISDN); Europe (UK) at +44-1189-444415 TAIS DPD Headquartered in Irvine, Calif., with approximate annual sales of $3 billion, TAIS is comprised of seven divisions which manufacture and market a wide range of business and information-oriented products in the United States. Products include portable and desktop computers, disk drives, CD-ROM drives, plain paper copiers, facsimile systems, digital key telephones and PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). systems, voice mail systems and toner products. TAIS is an independent operating company operating company A business that engages in transactions with outsiders. , owned by Toshiba America Inc., a subsidiary of the $53.8 billion Toshiba Corporation, the fifth largest computer and electronics manufacturer, and the world's 36th largest corporation in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. . Toshiba Corporation is a world leader in high-technology products with 173 major consolidated subsidiaries worldwide. The TAIS Disk Products Division markets a wide range of industry-standard Winchester and CD-ROM disk drives in the United States. It will also market Toshiba's line of DVD-ROM drives. For additional product information, contact Toshiba America Information Systems, Inc., Disk Products Division, 9740 Irvine Blvd., Irvine, CA 92618; telephone 714/457-0777, or on the World Wide Web at: http://www.tais.com/taisdpd/ or http://www.toshiba.com. -0- Note to Editors: Monster 3D, NetCommander and Supra are either trademarks or registered trademarks of Diamond Multimedia Systems, Inc. All other trademarks referenced are the service mark, trademark or registered trademark of their respective manufacturers. The statements made herein regarding DVD-based products are forward looking statements and actual results could differ materially due to compatibility testing and the shortage of components from outside vendors. This announcement relates to products whose launch are in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . The product names, contents, prices and availability may differ elsewhere in the world according to local factors and requirements. CONTACT: Diamond Multimedia Systems, Inc. Joan Huang or Kim Stowe, 408/325-7236 or 408/325-7204 joan@diamondmm.com/kims@diamondmm.com or Faiola Davis Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Heidi Davis or Sara Faiola, 213/933-4959 fdpr1@aol.com |
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