Filed by Genesis Microchip Inc. pursuant to Rule 425
under the Securities Act of 1933 and
deemed filed pursuant to Rule 14a-12 under
the Securities Exchange Act of 1934
Subject Company: Genesis Microchip Inc.
Commission File No.: 000-33477
Filing Date: June 5, 2003
The following is a series of slides that were presented by Allen Alley, Chairman and Chief Executive Officer of Pixelworks, Inc. and James Donegan, Chairman and Chief Executive Officer of Genesis Microchip Inc. to attendees of the Salomon Smith Barney Fourth Annual Semiconductor Conference on June 5, 2003:
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| Jim Donegan |
Chairman/CEO Pixelworks |
Safe Harbor
This discussion will contain forward-looking statements within the meaning of the federal securities laws, including statements about the growth of the display market and our financial performance. The forward-looking statements are subject to risks and uncertainties that could cause the results to differ from those projected.
The risks and uncertainties include the actual growth of the display market, the acceptance of our products in that market, our ability to introduce new products on a timely basis, changes in product mix, our ability to integrate acquired technologies, and general economic conditions. Other risk factors are listed in our SEC reports, including but not limited to the Form S-4 registration statement filed by Pixelworks on April 18, 2003, and the most recent annual reports on Form 10-K and quarterly reports on Form 10-Q filed by each of Genesis and Pixelworks.
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Pixelworks, Inc. (Nasdaq:PXLW) |
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Three Powerful Product Waves
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5.5 Billion Presentations
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| Projector Forecast | |||
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| Source: Pacific Media Associates July 2002 | pixelworkstm |
| Projector Forecast | |||
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Projectors Crack the $1,000 Barrier
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Used with permission of InFocus Corporation |
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Projectors Crack the $1,000 Barrier
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Used with permission of Epson America |
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| Projector Forecast | |
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Projector Customers
| l | INFOCOMM 2002 All of the top 14 brands introduced products Powered by Pixelworks |
| l | The most revolutionary products are Powered by Pixelworks |
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One Billion Monitors
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Monitor History
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Source: Genesis Microchip/DisplaySearch 2003 |
Monitor History
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Source: Genesis |
Genesis Monitor Success
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Source: Genesis |
Genesis Monitor Success
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Source: Genesis |
One Billion TVs
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What is your next TV?
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x TV |
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This is your next TV
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next TV |
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| LCD Television Forecast | ||
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Source: DisplaySearch, Stanford Resources 2002 |
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20” LCD TVs Crack the $1,000 Barrier
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LCD Television Forecast
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Source: DisplaySearch, Stanford Resources 2002 |
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Digital Television Forecast
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Source: DisplaySearch, Stanford Resources 2002 |
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Rear Projection Television Forecast
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Source: DisplaySearch, Stanford Resources 2002 |
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Plasma Television Forecast
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Source: DisplaySearch, Stanford Resources 2002 |
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Advanced Television Forecast
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Source: DisplaySearch, Stanford Resources 2002 |
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Pixelworks Advanced Video Processing
noise reduction
color space conversion
motion adaptive processing
ghost removal
line doubling
edge enhancement
and more…
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Flat Panel Displays Achieve Faster Growth
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The Merger of Genesis and Pixelworks
March, 2003
| Announcement | ||
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Company Strengths
| • | Best of Class Monitor Technology | • | Best of Class Projection Technology |
| • | Mixed Signal Integration | • | Feature Innovation |
| • | Operational Strength, >40Mu shipped | • | Smart Integration Technology |
| • | 140+ Patents Issued | • | System Engineering Expertise |
| • | Award Winning Faroudja Video | • | Advanced Video Processing, HDTV |
| • | Brand Recognition | • | Broad Applications Experience |
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Strategy: Why are we doing this?
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Strategy: Why are we doing this?
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Your Partner for advanced display ICs |
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The New Organization
| Chairman of the Board 7 Directors Allen Alley | |||
| Executive Vice President Chief Operating Officer |
Executive Vice President Products and Marketing |
Executive Vice President Chief Financial Officer |
Executive Vice President Corporate Development |
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The New Company: Strategy
| • | Leadership in LCD monitor controllers | ||
| • | Leadership in projector ICs | ||
| • | CRT TV product initiative | ||
| • | Drive flat panel TV adoption | ||
| • | Total Customer Satisfaction | ||
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The New Company
| • | More Technology | |||
| – | Faroudja Video, nDSP, Mixed Signal, … | |||
| – | More advancement and innovation in video technology | |||
| • | More Products | |||
| – | Monitors, Projectors, CRT TVs, LCD TVs | |||
| • | More Technical Support | |||
| – | Korea, Taiwan, Japan, China, North America, Europe, India | |||
| • | Lower Costs | |||
| – | Manufacturing Volume, > 10Mu per quarter | |||
| – | More competitive pricing | |||
| • | Financial Strength | |||
| – | $200M+ Cash, $300M+ Revenue | |||
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Additional Information and Where to Find It
In connection with the proposed Pixelworks/Genesis merger, Pixelworks and Genesis filed a joint proxy statement/prospectus on Form S-4 on April 18, 2003 with the Securities and Exchange Commission (the “SEC”) in connection with the transaction described herein. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT /PROSPECTUS BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE TRANSACTION DESCRIBED HEREIN. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus and other documents filed by Pixelworks and Genesis with the SEC at the SEC’s web site at www.sec.gov or by contacting Pixelworks at 503-454-1750 and through Pixelworks’ website at www.pixelworks.com, or by contacting Genesis at 408-262-6599 and through Genesis’s website at www.genesismicrochip.com.
Pixelworks and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Pixelworks and Genesis in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein is included in the joint proxy statement/prospectus described above. Additional information regarding these directors and executive officers is also included in Pixelworks’ proxy statement for its 2002 Annual Meeting of Stockholders, which was filed with the SEC on or about April 9, 2002. This document is available free of charge by contacting the SEC or Pixelworks as indicated above.
Genesis and its directors and executive officers also may be deemed to be participants in the solicitation of proxies from the stockholders of Pixelworks and Genesis in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein is included in the joint proxy statement/prospectus described above. Additional information regarding these directors and executive officers is also included in Genesis’s proxy statement for its 2002 Annual Meeting of Stockholders, which was filed with the SEC on or about August 15, 2002. This document is available free of charge by contacting the SEC or Genesis as indicated above.
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