Diamond Multimedia Systems Inc. agrees to acquire Supra Corp.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)--Aug. 7, 1995--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 ), a leading developer and marketer of high-performance multimedia solutions for personal computers, today announced that it has entered into a definitive agreement to acquire 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. Corporation, a leader in modems for the Apple Macintosh Apple Macintosh - Macintosh and PC markets. The privately-held company headquartered in Vancouver, Washington
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. , is to be purchased by Diamond Multimedia, subject to certain closing conditions including state and federal regulatory approvals, for a combination of cash and stock with a value of approximately $54 million based on a closing price of $21.75 for Diamond Multimedia shares on August 4, 1995. Management expects the transaction to be completed during September. As a result, Diamond anticipates that it will incur a one-time write-off of in-process research and development of more than $30 million in the third quarter ended September 30, 1995. "This merger is a significant step in continuing to build Diamond Multimedia as a premier supplier of complete multimedia solutions to both the PC and Macintosh markets," said Bill Schroeder For the baseball player, see . William Fredrich Schroeder (born January 9, 1971, in Eau Claire, Wisconsin) is a former American football wide receiver in the NFL. He attended Sheboygan South High School and then went on to the University of Wisconsin-La Crosse, where he starred , 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. of Diamond Multimedia Systems. John Wiley John Wiley may refer to:
"Supra's strength in state-of-the-art, high-speed modem technology is expected to enable Diamond to more fully participate in the rapidly expanding personal computer connectivity market, where growth is being fueled by demand for high-bandwidth products to access the Internet and other online electronic services. Supra's data communications technology augments Diamond's recently introduced TeleCommander series of audio/telephony products. Supra's strong presence with Apple users is also expected to aid Diamond in penetrating this market with its new Javelin Video 3000 series of multimedia accelerators for PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). Power Macs. In addition, Supra's strong distribution network of resellers and leading retailers will further strengthen Diamond's market position," said Schroeder. "We are pleased to become a part of the Diamond team," said John Wiley, president of Supra. "Diamond's financial strength and strong PC market presence in the U.S., Europe and Japan will help us more quickly increase our penetration of the large and growing PC modem market. Both Supra and Diamond Multimedia are proven leaders in our respective industries. Combined sales for both companies topped $255 million in 1994. Our strengths are highly complementary. I believe this merger will benefit both organizations and our customers." Joint development and marketing of a new generation of multimedia telecommunications products, including products based on DSVD (Digital Simultaneous Voice and Data) An all-digital technology for concurrent voice and data (SVD) transmission over a single analog telephone line. The DSVD V. and ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. technologies, are planned. Such products will enhance the telephony capabilities of personal computers, as well as their ability to send and receive multimedia data objects, such as those that are widely available today on the Internet, World Wide Web and various online services. "Diamond's strength in video, graphics and audio development and multimedia marketing, combined with Supra's ten years of communications expertise, should lay the foundation for us to become an industry leader in complete multimedia solutions for personal computers worldwide," said Schroeder. Supra Corporation Founded in 1985, Supra Corporation is one of the world's top five modem manufacturers, with sales of approximately $17 million in the quarter ended June 30, 1995 and an estimated installed base of almost two million modems. The company has established itself as a price/performance leader for high quality desktop communications solutions for both the PC and Macintosh markets. Supra's products include internal and external fax/modems and related software for 28,800 bps transmission, the fastest transfer rate currently available. The company's products frequently receive top honors from trade industry publications, most recently in PC/Computing and MacWorld magazines. Supra's current distributors include Ingram Micro, Merisel and Tech Data. Leading retailers that handle Supra products include Computer City, Egghead Software, Fry's Electronics and WalMart. Diamond Multimedia Diamond Multimedia Systems, Inc. designs, manufactures and markets high-performance multimedia solutions for the PC, PowerPC and PCI Power Macintosh markets. Products include graphics and multimedia accelerators, which incorporate graphics, video and MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). acceleration in a single subsystem. Diamond also manufactures sound cards, audio/telephony subsystems and multimedia upgrade kits for the personal computer market. Headquartered in San Jose, Calif., Diamond has marketing and technical support facilities in Tokyo, Munich and Slough (U.K.). The company's products are sold through regional, national and international distributors as well as to major computer retailers, mass merchants and OEMs worldwide. Diamond reported record sales and net income for the second quarter ended June 30, 1995. Sales were up 100 percent from the same quarter of the previous year, to $95 million. Net income increased 46 percent to $7.8 million. The company currently has approximately 27 million shares and equivalents outstanding. 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 is 408-325-7000; Fax: 408-325-7070 Product Support Voice: 408-325-7100; Product Support Fax: 408-325-7171 24-Hour Fax On Demand Service: 1-800-380-0030 America OnLine (Keyword: DIAMOND) CompuServe (GO DMNDONLINE or GO GRAPHBVEN) [75300,3673] Internet Web site: http://www.diamondmm.com FTP site: 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 For information on Diamond products: 1-800-468-5846 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. numbers at 408-325-7080 (to14.4K) or 408-325-7175 (to 28.8K baud baud (bôd, bōd), measure of the rate at which signals are transmitted over a telecommunications link. It is equivalent to the number of elements or pulses transmitted in one second, e.g. ). -0- Note to Editors: All tradenames referenced are the service mark, trademark, or registered trademark of their respective manufacturers. CONTACT: Diamond Multimedia Systems Inc. Kim Stowe, Gary Filler, 408/325-7000 Email: kims@diamondmm.com Financial Relations Lise Needham, 415/986-1591 |
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