3dfx CEO Resigned

3dfx CEO Resigned is today’s business-side update, the sort of suit-and-spreadsheet news that still decides what games actually reach players.

The useful part: Gregory Ballard, its president and chief executive officer, has resigned effective October 31, 1999. The Board of Directors announced that an immediate search would begin for his successor. “I have had an extraordinary three years at 3dfx, in which sales have grown from almost nothing to an annualized revenue rate of over $400 million,” said L. Gregory Ballard. Listed pricing shows $400, so this is not vapor sitting on a press sheet.