Diamond Multimedia Systems, Inc. Completes Acquisition of Spea Software AG.SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 17, 1995--Diamond Multimedia Systems, Inc. (Nasdaq: DIMD) a leading developer and marketer of multimedia and communications subsystems for personal computers, today announced that it has completed the acquisition of Spea Software AG (Spea). Spea is a leading German developer and marketer of add-in 2D graphics accelerators and multimedia subsystems for the PC and is developing professional 3D graphics accelerators and other technologies. Diamond acquired Spea, a privately-held German company headquartered near Munich, in exchange for 2,087,694 shares of Diamond common stock. As a result, Diamond will incur a one-time write-off of in-process research and development of approximately $38 million in the fourth quarter ending December 31, 1995. "This merger provides Diamond Multimedia with a key strategic position in Europe. As the leading graphics accelerator company in Germany, Spea helps Diamond to continue to build its presence in Europe as a major supplier of multimedia subsystems for the PC," said Bill Schroeder, President and CEO of Diamond Multimedia Systems. Diamond Multimedia Diamond Multimedia designs, manufactures and markets high-performance multimedia solutions for the PC, PowerPC and Macintosh markets. Products include Stealth graphics and multimedia accelerators, Edge 3D animation accelerators, and Supra supra (sooh-prah) Latin for "above," in legal briefs and decisions it refers to the citation of a court decision which has been previously mentioned. Thus a case when first cited will be referred to as Guinn v. United States, (1915) 238 U. S. 347, meaning it can be found in volume 238 of the United States Reports (of the Supreme Court) at page 347 and was decided in 1915. The next time the case is cited as Guinn v. United States, supra. fax/modems. Diamond also manufactures sound cards, audio/telephony subsystems, Internet kits and multimedia upgrade kits. Headquartered in San Jose, CA, Diamond has marketing and technical support facilities in Vancouver (WA), Tokyo, Munich, Paris, and Slough (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 National Market 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: The Main Phone number: 408-325-7000; Fax: 408-325-7070 Supra Communications Division Main Phone number: 360-604-1400; Fax: 360-604-1401 Product Support: 408-325-7100; Supra: 360-604-1499 24-Hour Fax On Demand Service: 1-800-380-0030; Supra: 503-967-0072 America Online (Keyword: DIAMOND; Supra Keyword: SUPRACORP2) CompuServe (GO DMNDONLINE or GO GRAPHBVEN) (75300,3673); Supra: (GO SUPRA) Microsoft Network: Find DIAMOND Internet Web site: http://www.diamondmm.com, or Supra: http://www.supra.com FTP site A server on the Internet that maintains files for downloading. An FTP site may be one or more servers or just one or two folders dedicated to file transfer on a single server. See FTP and anonymous FTP.: ftp.diamondmm.com, or Supra: ftp.supra.com For information on Diamond products: 1-800-468-5846; Supra: 1-800-727-8772 BBS numbers at 408-325-7080 (to 14.4 baud The signaling rate of a line, which is the number of transitions (voltage or frequency changes) that are made per second. The term has often been erroneously used to specify bits per second. However, only at very low speeds is baud equal to bps; for example, 300 baud is the same as 300 bps. Beyond that, one baud can be made to represent more than one bit. For example, a V.22bis modem generates 1,200 bps at 600 baud.) or 408-325-7175 (to 28.8 baud) Supra BBS: 503-967-2444 CONTACT: Diamond Multimedia Gary Filler, 408/325-7333 Kim Stowe, 408/325-7204 (media) or FRB San Francisco Ann Trunko (general information) Kevin Mirise (analyst contact) 415/986-1591 |
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