Seagate has announced that it, VERITAS Software Corporation and a group of private investors led by Silver Lake Partners have entered into an agreement to settle the litigation commenced by certain Seagate stockholders in Delaware with respect to the proposed acquisition of Seagate.As part of the settlement, the investor group has agreed to pay an additional $50 million for Seagate's operating assets and reduce the amount of cash required to be held in escrow by Seagate to cover certain potential tax liabilities from a maximum of $300 million to $150 million. The additional $50 million will be available for distribution to Seagate shareholders once the settlement is consummated, which is expected to occur after the closing of the acquisition. Final settlement of the litigation is conditioned upon, among other things, execution of a stipulation of settlement and court approval.
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Hewlett-Packard Company has announced four HP ProCurve Networking 10/100/1000 switches based on next-generation Application Specific Integrated Circuit (ASIC) technology. An industry first, HP ProCurve Switch 2512, 2524, 2312 and 2324 feature 9.6 Gbps of bandwidth integrated onto a single ASIC, and yield the highest performance in their price class. The innovation highlights HP's commitment to delivering reliable products and supporting an ``always-on'' Internet infrastructure. HP ProCurve switches support HP auto MDIX for automatic cable detection and correction and come in a slim 1U package. They include a lifetime warranty and software upgrades, as well as end-user telephone support.
HP ProCurve Switch 2512 and 2524 have 12 and 24 10/100 managed switch ports, respectively, and include two gigabit transceiver slots and HP TopTools network management software. HP ProCurve Switch 2512 and 2524 are two of the first Ethernet switches to support Link Aggregation Control Protocol (LACP), the IEEE 802.3ad standard for automatic configuration of link aggregation. In addition, HP ProCurve Switch 2512 and 2524, as well as up to 14 other HP ProCurve switches, such as the 8000M, 4000M, 2424M, 2400M and 1600M, can be stacked and managed with a single IP address. HP ProCurve Switch 2312 and 2324 have 12 and 24 10/100 unmanaged switch ports, respectively, and two gigabit transceiver slots.
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Ga-Hardware is reporting that 3dfx has received favorable court rulings concerning the patents it has asserted against nVIDIA in a patent infringement lawsuit originally filed by 3dfx. The company also announced that as a result of these favorable rulings, it plans to file for summary adjudication of infringement. In the rulings issued September 29, 2000, the court addressed 3dfx patents related to multi-texturing technology and level-of-detail mipmap dithering. In the orders construing the 3dfx patents, the court rejected all of nVIDIA's proposed claim constructions and adopted the majority of those proposed by 3dfx.
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ATI Technologies Inc. has announced that its All-In-Wonder Radeon graphics board has been selected for the new Acer Aspire 6600 consumer desktop PC system. The All-In-Wonder Radeon is the ideal graphics and multimedia solution for the latest technology consumer PC systems. It features ATI's Radeon Graphics Processor with 32MB of DDR memory, providing gamers and high end users with the graphics power needed for a compelling game and PC entertainment experience. The All-In-Wonder Radeon also brings Personal Video Recorder (PVR) technology to the PC platform, and includes a digital visual interface (DVI), stereo TV tuner, DVD playback with Dolby Digital 5.1 surround sound and video output.
The All-In-Wonder Radeon will ship in Acer Aspire 6600 systems destined for the European market with an interactive ATI Teletext application. This application offers a flexible way to display and interact with Teletext, and includes features such as page selection, page forward, back and pause, as well as a text search capability. The All-In-Wonder Radeon is matched in the Acer Aspire 6600 with the latest Intel Pentium III processors, up to 1GHz in speed, and optional DVD drives. The systems will be sold in markets throughout Europe and Asia.
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After market close Thursday, 3dfx the maker of PC cards for 3D graphics acceleration said revenue and earnings for the fiscal third quarter would be "substantially" lower than the company expected. The lone analyst surveyed by First Call predicted a loss of 30 cents per share for 3dfx's third quarter, which ends Oct. 31.
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NVIDIA has announced that Sony Electronics features NVIDIA's GeForce2 MX graphics processor unit on its VAIO Digital Studio series. Two of Sony's newest systems for PC and video enthusiasts -- the PCV-RX270DS and PCV-RX280DS mini-tower systems -- depend on the NVIDIA GeForce2 MX GPU to enable a new generation of digital imaging, movie editing, video e-mail, and other high-powered graphics applications. Designed for the PC and video enthusiast, the VAIO Digital Studio series desktop PCs (PCV-RX260DS, PCV-RX270DS and PCV-RX280DS) comprise the next generation of computing and digital imaging convergence. The models focus on power and creativity by emphasizing digital imaging, movie editing, video e-mail and music. The DVD drive on the VAIO Digital Studio series is ideal for video playback of popular DVD titles, and the CD-RW drive is a solid storage medium for all the personal memories created through the included MovieShaker software.
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Handspring, Inc. has just introduced two new products in its popular Visor family of handheld computers: Visor Prism and Visor Platinum. Visor Prism, Handspring's first color-enabled product, boasts 16-bit color and can display over 65,000 colors for viewing picture-quality graphics, as well as vivid games and maps. In addition, Visor Prism and Visor Platinum feature the Springboard expansion slot to harness the true benefits of a color display and full expandability. Visor Prism comes in cobalt blue and Visor Platinum is metallic silver. Both products will be available in November through U.S. retail partners.
Both new editions of Visor come with 8MB of RAM and include the basic features of the Visor line of products such as enhanced applications, USB support, Mac OS compatibility out of the box and the innovative Springboard expansion slot. Both products are based on a version of Palm OS 3.5 that Handspring has optimized for fast performance, Springboard compatibility, USB connectivity and 16-bit color support. There are also standard security and usability enhancements of Palm OS 3.5 which are included in both new versions of Visor.
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