NVIDIA 2003 Annual Report Download - page 11

Daniel F. Vivoli has been Vice President of Marketing since December 1997. From 1988 to December 1997,
Mr. Vivoli held management positions, most recently as Vice President of Product Marketing, at Silicon
Graphics, Inc., a computing technology company. From 1983 to 1988, Mr. Vivoli held various marketing
positions at Hewlett-Packard Company. Mr. Vivoli holds a B.S.E.E. degree from the University of Illinois at
Champaign-Urbana.
Available Information
Our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and, if
applicable, amendments to those reports filed or furnished pursuant to Section 13(a) of the Exchange Act are
available free of charge on or through our Internet website, http://www.nvidia.com, as soon as reasonably
practicable after we electronically file such material with, or furnish it to, the Securities & Exchange Commission.
ITEM 2. PROPERTIES
Our headquarters complex is located in Santa Clara, California and is comprised of four buildings,
representing approximately 500,000 total square feet. The leases related to our headquarters complex expire in
2012 and include two seven-year renewals at our option. Additionally, we lease one building in Santa Clara used
as warehouse space, under a lease expiring in November of 2007. We also lease space for three design centers:
one building in Durham, North Carolina, under a lease that expires in December 2007; one building in
Beaverton, Oregon, under a lease that expires in November 2004; and one building in Fort Collins, Colorado,
under a lease that expires in June 2004. In addition, we lease design, sales and administrative offices in Texas,
Washington, Arizona, Massachusetts, South Carolina, France, Singapore, Taiwan, Japan, South Korea,
Hong Kong, Germany and the United Kingdom to support our customers. We believe that we currently have
sufficient facilities to conduct our operations for the next twelve months, although we expect to lease additional
facilities throughout the world as our business requires.
ITEM 3. LEGAL PROCEEDINGS
On February 19, 2002 an NVIDIA stockholder, Dominic Castaldo, on behalf of himself and purportedly on
behalf of a class of our stockholders, filed an action in the United States District Court for the Northern District
of California (the “Northern District”) against NVIDIA and certain current and former NVIDIA officers, alleging
violations of the federal securities laws arising out of our announcement on February 14, 2002 of an internal
investigation of certain accounting matters. Approximately 13 similar actions were filed in the Northern District,
one additional individual action was filed in the Southern District (together, the “Federal Class Actions”), along
with three related derivative actions against us, certain of our current and former executive officers, directors and
our independent auditors, KPMG LLP, in California Superior Court and in Delaware Chancery Court
(collectively the “Actions”). The two related derivative actions filed in California Superior Court have been
consolidated and are currently stayed pursuant to a voluntary stipulation agreement. The Actions allege claims in
connection with various alleged statements and omissions to the public and to the securities markets and seek
damages together with interest and reimbursement of costs and expenses of the litigation. The derivative actions
also seek disgorgement of alleged profits from insider trading by officers and directors. The Actions are in the
preliminary stages. The Federal Class Actions have been consolidated and lead plaintiffs appointed. Plaintiffs
filed a consolidated amended complaint and, in response, NVIDIA filed a motion to dismiss. On March 28, 2003
the court granted NVIDIA’s motion and dismissed the consolidated amended complaint as to all claims and
defendants with leave to amend. Plaintiffs must file their second consolidated amended complaint by May 12,
2003. NVIDIA has also filed a motion to dismiss the derivative action filed in Delaware. A hearing on this
motion was held April 23, 2003 and a ruling is expected within the next month. We are obligated to indemnify
our officers and directors, to the extent permitted by the law, in connection with the Actions and have insurance
for such individuals, to the extent of the limits of the applicable insurance policies and subject to potential
reservations of rights. We intend to vigorously defend these Actions. We are unable, however, to predict the
ultimate outcome of the Actions. There can be no assurance we will be successful in defending the Actions, and
if we are unsuccessful we may be subject to significant damages. Even if we are successful, defending the
Actions is likely to be expensive and may divert management’s attention from other business concerns and harm
our business.
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