NVIDIA Corporation unveiled the Tesla 20-series of parallel processors for the high performance computing market, based on its new generation CUDA processor architecture, codenamed Fermi. Designed from the ground-up for parallel computing, the NVIDIA Tesla 020-series GPUs slash the cost of computing by delivering the same performance of a traditional CPU-based cluster at one-tenth the cost and one-twentieth the power. The Tesla 20-series introduces features that enable many new applications to perform dramatically faster using GPU Computing. These include ray tracing, 3D cloud computing, video encoding, database search, data analytics, computer-aided engineering and virus scanning. The Tesla 20-series GPUs combine parallel computing features that have never been offered on a single device before. These include: Support for the next generation IEEE 754-2008 double precision floating point standard; ECC for uncompromised reliability and accuracy; Multi-level cache hierarchy with L1 and L2 caches; Support for the C++ programming language; Up to 1 terabyte of memory, concurrent kernel execution, fast context switching, 10x faster atomic instructions, 64-bit virtual address space, system calls and recursive functions. At their core, Tesla GPUs are based on the massively parallel CUDA computing architecture that offers developers a parallel computing model that is easier to understand and program than any of the alternatives developed over the last 50 years. The family of Tesla 20-series GPUs includes: Tesla C2050 & C2070 GPU Computing Processors; Single GPU PCI-Express Gen-2 cards for workstation configurations; Up to 3GB and 6GB on-board GDDR5 memory(i); Double precision performance in the range of 520GFlops - 630 Gflops; Tesla S2050 & S2070 GPU Computing Systems -- Four Tesla GPUs in a 1U system product for cluster and datacenter deployments; Up to 12 GB and 24 GB total system memory on board GDDR5 memory(ii); and Double precision performance in the range of 2.1 TFlops - 2.5 Tflops. The Tesla C2050 and C2070 products will retail for $2,499 and $3,999 and the Tesla S2050 and S2070 will retail for $12,995 and $18,995. Products will be available in secod quarter, 2010.

NVIDIA Corporation reported unaudited consolidated earning results for the third quarter and nine months ended October 25, 2009. For the third quarter, the company reported revenue of $903,206,000 as compared to the revenue of $897,655,000 for the same period a year ago. Operating income was $107,845,000 as compared to the operating income of $56,796,000 for the same period a year ago. Net income was $107,577,000 as compared to the net income of $61,748,000 for the same period a year ago. Diluted income per share was $0.19 as compared to the diluted income per share of $0.11 for the same period a year ago. Income before income tax expense was $110,207,000 as compared to the income before income tax expense of $61,003,000 for the same period a year ago. Non-GAAP net income was $110,330,000 as compared to the Non-GAAP net income of $111,430,000 for the same period a year ago. Non-GAAP diluted income per share was $0.19 as compared to the Non-GAAP diluted income per share of $0.20 for the same period a year ago. GAAP net cash flow provided by operating activities were of $141,317,000 as compared to the GAAP net cash flow provided by operating activities of $43,003,000 for the same period a year ago. Purchase of property and equipment and intangible assets were $16,593,000 as compared to the purchase of property and equipment and intangible assets of $109,008,000 for the same period a year ago. For the nine months, the company reported revenue of $2,343,957,000 as compared to the revenue of $ 2,943,719,000 for the same period a year ago. Operating loss was $233,227,000 as compared to the operating income of $104,383,000 for the same period a year ago. Net loss was $199,063,000 as compared to the net income of $117,624,000 for the same period a year ago. Diluted loss per share was $0.36 as compared to the diluted income per share of $0.20 for the same period a year ago. Loss before income tax expense was $221,715,000 as compared to the income before income tax expense of $127,421,000 for the same period a year ago. Non-GAAP net income was $101,386,000 as compared to the Non-GAAP net income of $397,665,000 for the same period a year ago. Non-GAAP diluted income per share was $0.18 as compared to the Non-GAAP diluted income per share of $0.68 for the same period a year ago. GAAP net cash flow provided by operating activities were of $418,562,000 as compared to the GAAP net cash flow provided by operating activities of $418,562,000 for the same period a year ago. Purchase of property and equipment and intangible assets were $55,026,000 as compared to the purchase of property and equipment and intangible assets of $364,695,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter of fiscal 2010. For the fourth quarter of fiscal 2010, the company expects revenue to be up slightly, approximately 2%, from the third quarter.

NVIDIA announced that Hess Corp. is using HP Z800 workstations outfitted with NVIDIA(R) Quadro(R) graphics processing units (GPUs) and NVIDIA SLI(R) Multi-OS technology to investigate reducing IT costs while increasing productivity for geosciences professionals. Leveraging virtualization technologies from NVIDIA, Parallels and others, the HP Z800 workstation delivers the speed and expandability that oil and gas professionals can fully utilize to tackle their biggest challenges. NVIDIA SLI Multi-OS enables Hess to run both Microsoft Windows and Red Hat Enterprise Linux simultaneously on a single workstation. Using Intel Virtualization Technology for Directed I/O (Intel VT-d) hardware acceleration, SLI Multi-OS allows Hess to directly assign NVIDIA Quadro graphics processing units (GPUs) to virtual machines--a breakthrough capability for graphics-intensive applications. Parallels Workstation 4.0 Extreme is the first high-end workstation virtualization solution to offer users near-native performance for graphics-intensive applications. The product leverages the key virtualization technologies enabled by NVIDIA and Intel to deliver highly performing virtual machines for the most demanding visualization applications.