| Business Summary | | Number
Nine
Visual
Technology
Corporation
was
a
supplier
of
high-performance
visual
technology
solutions,
including
video/graphics
accelerator
subsystems,
chips,
productivity-enhancing
software
and
flat-panel
monitor
bundled
solutions.
The
Company's
products
enabled
desktop
personal
computers
to
generate
and
display
sophisticated
visual
content
in
a
computing
environment
with
greater
speed,
photorealistic
color,
high
resolution
and
full-motion
video.
In
December
1999,
the
Company
entered
into
a
"letter-of-intent"
to
sell
substantially
all
of
its
assets
to
S3,
Inc.,
In
furtherance
of
the
sale,
Number
Nine
and
its
subsidiaries,
filed
a
voluntary
petition
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
the
U.S.
Bankruptcy
Court
in
Massachusetts.
Currently,
the
Company
has
ceased
all
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NINE
supplies
higher-performance
visual
technology
solutions
products
including
video/graphics
accelerator
subsystems,
chips
and
productivity-enhancing
software.
For
the
nine
months
ended
10/2/99,
net
sales
decreased
39%
to
$8.2
million.
Net
loss
applicable
to
Common
decreased
37%
to
$7
million.
Revenues
reflect
decreased
sales
of
the
Company's
128-bit
products
to
OEM
customers.
Lower
loss
reflects
decreased
S/G/A
expenses
due
to
a
lower
headcount
and
marketing
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| William Thalheimer, 45 Chairman | -- | Wallace Smith, 58 CEO,
Pres | -- | Timothy Burns, 59 CFO
and Treasurer | -- | William Ralph, 33 COO | $111K | Laurence McIntosh, 42 Sr.
VP, Sales | 174K | Dollar amounts are as of 2-Jan-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|