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3Dfx, Sega, NEC and VideoLogic Settle 3Dfx Lawsuit
Business Wire, August 4, 1998
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Aug. 4, 1998--3Dfx Interactive Inc.; Sega Enterprises, Ltd.; Sega of America, Inc.; NEC Corporation; and VideoLogic, Plc. today announced that an agreement in principle has been reached to settle the lawsuit 3Dfx Interactive brought against Sega, NEC and VideoLogic over Sega's termination of a development contract with 3Dfx Interactive for Sega's next-generation game console.
On Sept. 2, 1997, 3Dfx Interactive announced that it had brought suit against Sega and NEC and later amended its legal complaint to add VideoLogic. The terms of the settlement will remain confidential, but the parties are pleased to have successfully resolved the matter.
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Sega of America is the arm of Tokyo-based Sega Enterprises Ltd. responsible for the development, marketing and distribution of Sega videogame systems and videogames in the Americas. Sega Enterprises Ltd. is a nearly $3 billion company recognized as the industry leader in interactive digital entertainment media, and is the only company that offers interactive entertainment experiences both inside and outside the home. Sega of America's World Wide Web site is located at http://www.sega.com.
CONTACT: Sega of America
Dan Stevens, 650/802-3996
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