More bad news for 3dfx
Graphics card manufacturer 3dfx last night announced its financial results for the quarter ending July 31st 2000, which CEO Alex Leupp admitted he was "very disappointed" with. Revenue slumped to just $67m from $105m in the same period last year, mostly thanks to the late arrival of the Voodoo 5 5500, while the company's losses rose from $12m this time last year to over $100m, partly due to their perhaps over-ambitious $60m take-over of Gigapixel.
Coming hot on the heels of news earlier this week that NVIDIA are filing a patent infringement suit against 3dfx and seeking an injunction forcing them to halt production of their Voodoo 3, 4 and 5 graphics cards, things are certainly not looking good for the company that was once the undisputed leader in 3D graphics technology for gamers. The company's share price slumped 10% yesterday, and then another 10% in "after hours" trading following the release of the financial results.