Thursday, April 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Posts Strong First-quarter Revenue
Computer Sales Keep Microsoft's Profit Low
Facebook Buys Fitness Tracking App Moves
Tech Companies Unite To Boost OpenSSL, Security
Facebook Introduces Newswire For Journalists
Surface Mini Accessories Appear On Amazon
OCZ Launches the RevoDrive 350 PCIe SSD
Sony Introduces New High-Resolution Audio A/V Receivers, Speakers and Blu-ray Home Theater Systems
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Graphics Cards > NVIDIA ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 11, 2013
NVIDIA to Return $1 Billion to Shareholders


NVIDIA will return $1 billion this fiscal year to shareholders in the form of stock buybacks and dividend payments, including $100 million in stock being repurchased this quarter.

This will bring to $1.2 billion the total capital returned to shareholders since the company announced its quarterly dividend program in November 2012, Nvidia said on Thursday,

NVIDIA had previously disclosed the return of $200 million in capital to shareholders since November. This includes $100 million in shares repurchased in its fiscal fourth quarter ended Jan. 27, 2013 and $100 million in dividends paid in the current and previous quarters.

Nvidia says that the return of a further $1 billion will largely be through a structured stock repurchase program, which includes the $100 million being repurchased in the current quarter. It also includes the company's quarterly dividend of $0.075 per share, which has amounted to about $50 million a quarter.

"NVIDIA's strategies are gaining traction in the market and make us confident in our ability to continue generating cash," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "We are now broadening our program of giving back cash to our shareholders and plan to return a further $1 billion by the end of this fiscal year."

NVIDIA's financial results for the first quarter of fiscal 2014 ending April 28, 2013 will be reported next month.

Nvidia CEO Jen-Hsun Huang said he expects Nvidia's mobile processor business to remain flat this year as the company focuses on upcoming chips with high-speed LTE technology attractive to smartphone makers.

Huang told investors his company has sacrificed some sales of its Tegra mobile chips in the near term in order to focus on integrating Long Term Evolution (LTE) features on upcoming versions, making them compatible with high-end carrier networks. Unntil now, the lack of LTE technology has kept Nvidia out of the high-end smartphone market, dominated by Qualcomm.

Google has chosen Qualcomm's Snapdragon processors instead of Nvidia's latest Tegra 4 chips to power a new version of the Nexus 7 tablet expected to launch around July.

Nvidia's Tegra 3 chip is used in Microsoft's Surface Windows RT tablet, which has failed to capture customers' interest.


Previous
Next
Google Allows You To Plan Your plan Your Digital Afterlife        All News        Far Cry 3 Blood Dragon Joins AMD's Never Settle Reloaded
Club 3D SenseVision MST Hub Launched     Graphics Cards News      Far Cry 3 Blood Dragon Joins AMD's Never Settle Reloaded

Get RSS feed Easy Print E-Mail this Message

Related News
Nvidia Announces 12GB Titan Z Graphics Card, Next-generation GPU Pascal GPU
AMD And Nvidia Strike New Game Partnerships
Nvidia Brings Maxwell To New Energy-efficient Mobile GPUs
Download The GeForce 335.23 Titanfall WHQL Drivers
Nvidia Tegra NOTE 7 Comes With LTE Connectivity
Intel and Nvidia Led GPU Sales In Q4
Nvidia Announces The GeForce GTX 750, GTX 750 Ti And GTX Titan Black GPUs
Nvidia Reports High Quarterly Revenue
Nvidia To Launch Titan Black Edition, GTX 790 Graphics Cards
Latest Nvidia Quadro Driver Supports New OpenGL 4.4 Standard
Intel Settles Patent Litigation With NVIDIA
NVIDIA Unveils Tegra K1 192-Core Mobile Chip

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .