Faroudja Inc – ‘8-K’ for 7/29/99

On:  Friday, 8/6/99   ·   For:  7/29/99   ·   Accession #:  1047469-99-30138   ·   File #:  0-23107

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Current Report   —   Form 8-K
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Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     15K 

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8-K
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UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

JULY 27, 1999 
Date of Report (Date of earliest event reported)

FAROUDJA, INC.
(Exact name of registrant as specified in its charter)

    DELAWARE                        0-23107             77-0444978
(State or other jurisdiction            (Commission          (IRS Employer      
      of incorporation)                 File Number)         Identification No.)

750 PALOMAR AVENUE, SUNNYVALE, CA 94086 
(Address of principal executive offices and Zip Code) 

408.735.1492
Registrant's telephone number, including area code

NOT APPLICABLE
Former name or former address, if changed since last report.) 

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ITEM 5.  OTHER EVENTS.                                                          

  The press release issued by the Registrant on August 2, 1999, describing
the Registrant's entry entered into license, joint development and equity       
purchase agreements with Sage, Inc. on July 27, 1999, is attached hereto and    
incorporated by reference herein.                                               

SIGNATURES

  Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the        
undersigned hereunto duly authorized.                                           

FAROUDJA, INC.                                    
(Registrant)                                      

By: /s/ R.A.Sheffield                             
-------------------                       
             R.A. Sheffield, Vice President of Finance and Principal
Financial Officer                         

Date  AUGUST 6, 1999                              

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FAROUDJA, INC.                                                                  
750 Palomar Avenue                                            
         Sunnyvale, California 94086      tel: 408-735-1492    fax: 408-735-8571
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FOR IMMEDIATE RELEASE                                                           

FAROUDJA AND SAGE ANNOUNCE LICENSE, 
JOINT DEVELOPMENT, AND EQUITY TRANSACTIONS

SUNNYVALE, CA, AUGUST 2, 1999 -- Faroudja, Inc., a world leader in high         
performance video processing technologies (Nasdaq: FDJA) and Sage, Inc., a      
leading supplier of controller chips to the flat panel display industry, today  
announced their signing of license, joint development and equity purchase       
agreements.                                                                     

The agreements involve:                                                         
-    Faroudja's  grant of a  royalty-bearing  license to Sage of certain  video 
processing technologies;                                              
-    Joint  development  for potential use in a wide variety of digital  display
controller chips for video applications; and                          
-    Faroudja taking an equity position in Sage of just under 5%.               
Financial terms of the transactions were not disclosed.                         

Faroudja and Sage will work together to incorporate Faroudja's world-renowned   
adaptive nonlinear video processing technologies - decoding, deinterlacing and  
enhancement - with Sage's technologies for developing application specific      
integrated circuits ("ASICs") for flat panel displays. Faroudja technologies    
transform conventional video signals into film-like images. Color and detail are
improved dramatically without introducing annoying artifacts. Sage technologies 
simplify the operation of flat panel displays and provide its OEM partners with 
integrated and cost-competitive solutions. The combination of Faroudja and Sage 
technologies will enable the development of a complete chip solution that is    
cost-effective and significantly improves the quality of motion video displayed 
on flat panel devices.                                                          

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"When Sage recognized the increasing importance of high-quality video for its   
flat panel markets, Faroudja's unparalleled video quality and strong            
intellectual property position made Faroudja the ideal partner," said Chandra   
Reddy, Sage president and CEO.                                                  

"We are very excited about working with Sage's talented and focused team. Sage  
is off to a fast start providing ASICs and system solutions for the flourishing 
digital display market," said Glenn W. Marschel, Jr., Faroudja's president and  
CEO. "This transaction and relationship are an important step in executing      
Faroudja's strategy of supplying premium video processing technology for a wide 
variety of video display applications. Sage serves markets complementary to     
those traditionally served by Faroudja," Mr. Marschel concluded.                

Faroudja, Inc. (Nasdaq: FDJA) is a world leader in high-performance video       
processing technologies for markets requiring superior image quality solutions. 
The Company provides innovative products for the HDTV broadcast, home theater,  
digital television and PC/TV convergence markets. Faroudja's technologies are   
protected by more than 60 patents. Faroudja has received numerous awards,       
including an Emmy award for Engineering Development and a Lifetime Achievement  
Emmy presented in June 1998 to its founder, Yves Faroudja.                      

Sage, Inc., a privately held fabless semiconductor company, is a leading global 
provider of mixed signal display image processors. The Company was established  
in 1994 to develop and market a range of electronics to support the flat panel  
display industry. Sage offers a range of high speed, high-performance, mixed    
signal chips and accompanying software that enable the manufacturers of flat    
panel monitors, TVs and portable display devices to create products which       
process images and video with optimal display quality and ease of use. Sage chip
solutions address analog, digital and dual input markets offering a high degree 
of flexibility and integration resulting in low cost and high performance. Sage 
currently supplies the world's leading TV and monitor producers and works       
closely with its customers in its new product development projects to provide an
ever-growing range of high-end video and monitor interfaces.                    

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Except for historical information contained herein, this press release contains 
forward-looking statements that are subject to risks and uncertainties,         
including the timely development and acceptance of new products, product        
availability from suppliers, the impact of competitive products and pricing,    
changing TV standards and other risks set forth under the caption "Factors      
Affecting Future Operating Results" in Faroudja's Annual Report on Form 10-K for
the year ended December 31, 1998, its quarterly report on Form 10-Q for the     
quarter ended March 31, 1999 and other filings with the SEC.                    
 # # #

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CONTACTS:                                                                       
COMPANY                            FINANCIAL/GENERAL INTEREST MEDIA             
Robert Sheffield                   Michael Bulger                               
VP Finance, CFO                    Robinson Lerer & Montgomery                  
Faroudja, Inc.                     (212) 484-7413                               
(408) 735-1492                                                                  
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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		8/6/99		2
		8/2/99		2		3
For Period End:		7/29/99
		7/27/99		1		2
		3/31/99		5					10-K405,  10-Q
		12/31/98		5					10-K405
									List all Filings