TechWeb: S3 To Launch Transmeta Web Pad SubsidiaryAug 26, 2000, 22:14 (0 Talkback[s])
(Other stories by Mark Hachman)
"S3 has quietly formed an internal subsidiary to design and sell Transmeta-based Internet access devices, part of a retooling of S3 itself."
"S3 Inc., the Santa Clara, Calif.-based company that once dominated the graphics market, is in the midst of trying to reposition itself as a dual-purpose digital media and Internet-access company. The process began in April, once the company had shifted its graphics chip unit to a joint venture between itself and Via Technologies Inc."
"Now, S3 (stock: SIII) is more of a consumer electronics company than anything else. S3's three core businesses are anchored by the Rio MP3 player the company helped popularize; a line of HomeFree home networking products; and the new subsidiary, whose name has not been disclosed. The strategy has paid off: S3 reported second-quarter revenue of $135.8 million, compared with $57.3 million for the second quarter a year earlier."