Diamond Multimedia Systems Extends Offer for Micronics Computers.SAN JOSE, Calif.--(BUSINESS WIRE)--June 24, 1998--Diamond Multimedia Systems, Inc. ("Diamond Multimedia") (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 ) announced today that it has extended the expiration date of its $2.45 per share cash tender offer to acquire all of the outstanding shares of Micronics Computers, Inc. ("Micronics") (NASDAQ:MCRN) to 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Friday, June 26, 1998. The offer had previously been scheduled to expire at 5:00 p.m., New York City time on Tuesday, June 23, 1998. As of 5:00 p.m. New York City time on June 23, 1998, 11,581,355 shares of Micronics stock had been validly tendered and not withdrawn in the offer (including those shares tendered pursuant to guaranteed delivery procedures), representing approximately 89.76% of the outstanding shares of Micronics. 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 SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. 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 www.diamondmm.com.
CONTACT: Diamond Multimedia Systems, Inc.
James M. Walker
Sr. Vice President and CFO
(408) 325-7333
or
MacKenzie Partners, Inc.
Ellen A. Gulczynski
(212) 929-5500
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