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S3 hears Diamond's music

As Diamond preps a new version of its Rio portable MP3 music player, graphics chipmaker S3 snaps up the consumer electronics company for about $170 million.

 

  roundup 

As Diamond preps a new version of its Rio portable MP3 music player, graphics chipmaker S3 snaps up the consumer electronics company for about $170 million.

"Today's announcement represents a significant strategic shift for S3."

- Ken Potashner, president and CEO of S3

 


S3 to buy Diamond Multimedia
update The leading graphics chip company will purchase Diamond Multimedia Systems, a consumer CNET's PC Expo coverage electronics company which makes products for some of the hottest markets today.

New Rio expected tomorrow
Diamond confirms the coming introduction of a "new digital audio platform," the likely successor to its Rio portable MP3 music player that carries twice the digital music.

MP3 hits high notes in court, summit
previous coverage A key federal court ruling and an MP3 lovefest in San Diego give the controversial audio compression technology a boost, much to the dismay of the recording industry.