Filed by Pixelworks, Inc. Pursuant to Rule 425
under the Securities Act of 1933.
In addition, Pixelworks, Inc. deems this communication to be
filed under Rule 14a-12 of
the Securities Exchange Act of 1934.
Subject Corporation: Pixelworks, Inc.
Commission File No. 333-104641.
Filing Date: June 5, 2003
 
On March 17, 2003, Pixelworks, Inc. and Genesis Microchip Inc. announced that they had entered into a merger agreement whereby Pixelworks is to acquire Genesis Microchip. The following is a series of slides relating to the merger, 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 SmithBarneyCitigroup Financial Conference on June 5 and 6, 2003:

 

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Filed by Pixelworks, Inc. Pursuant to Rule 425
under the Securities Act of 1933.
In addition, Pixelworks, Inc. deems this communication to be
filed under Rule 14a-12 of
the Securities Exchange Act of 1934.
Subject Corporation: Pixelworks, Inc.
Commission File No. 000-30269.
Filing Date: June 5, 2003
 
On March 17, 2003, Pixelworks, Inc. and Genesis Microchip Inc. announced that they had entered into a merger agreement whereby Pixelworks is to acquire Genesis Microchip. The following is a series of slides relating to the merger, 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 SmithBarneyCitigroup Financial Conference on June 5 and 6, 2003:

 
[LOGO]
 
Jim Donegan	Allen Alley	
Chairman/CEO	Chairman/CEO	
Genesis Microchip	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.
 
[LOGO]	Genesis Microchip Inc. (Nasdaq:GNSS)
Pixelworks, Inc. (Nasdaq:PXLW)	[LOGO]	

 
Three Powerful Product Waves
 
 	Monitors
[GRAPHIC]	 	
 	 	 	
Projectors
[GRAPHIC]	[GRAPHIC]	Advanced TV
[GRAPHIC]	
 
[LOGO]	 	[LOGO]	

 
5.5 Billion Presentations

 
[LOGO]
Projector Forecast
 
[CHART]
 
Source:  Pacific Media Associates July 2002

 
[CHART]
 
Source:  Pacific Media Associates July 2002

 
Projectors Crack the $1,000 Barrier
 
[GRAPHIC]
 
[LOGO]	Used with permission of InFocus Corporation	[LOGO]	

 
[GRAPHIC]
 
Used with permission of Epson America

 
Projector Forecast
 
[CHART]
 
 	Source:  Pacific Media Associates July 2002	[LOGO]	

 
Projector Customers
 
•                  INFOCOMM 2002 All of the top 14 brands introduced products Powered by Pixelworks
 
•                  The most revolutionary products are Powered by Pixelworks
 
[LOGO]

 
One Billion Monitors

 
Monitor History
 
[GRAPHIC]
 
[CHART]
 
[LOGO]	Source: Genesis
Microchip/DisplaySearch 2003	 	

 
[GRAPHIC]
 
[CHART]
 
Source: Genesis
Microchip/DisplaySearch 2003

 
Genesis Monitor Success
 
[GRAPHIC]
 
[CHART]
 
Source: Genesis
Microchip/DisplaySearch 2003

 
[GRAPHIC]
 
[CHART]
 
Source: Genesis
Microchip/DisplaySearch 2003

 
One Billion TVs

 
What is your next TV?
 
[GRAPHIC]
 
x TV
 
[LOGO]	 	[LOGO]	

 
This is your next TV
 
[GRAPHIC]
 
next TV

 
LCD Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
20” LCD TVs Crack the $1,000 Barrier
 
[GRAPHIC]

 
LCD Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
Digital Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
Rear Projection Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
Plasma Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
Advanced Television Forecast
 
[CHART]
 
Source:  DisplaySearch, Stanford Resources 2002

 
Pixelworks Advanced Video Processing
 
ghost removal
 
color space conversion
 
noise reduction
 
motion adaptive processing
 
line doubling
 
edge enhancement
 
and more...
 
[GRAPHIC]

 
Flat Panel Displays Achieve Faster Growth
 
[CHART]

 
[ LOGO]	[LOGO]	
 
The Merger of Genesis and Pixelworks
 
March, 2003

 
Announcement
 
Merging into One Company
 
Creating
 
Leading Provider of Innovative -
Cost Effective IC Solutions For Advanced Displays
 
[LOGO]	 	[LOGO]	

 
Company Strengths
 
[LOGO]
 
•     Best of Class Monitor Technology
•     Mixed Signal Integration
•     Operational Strength, >40Mu shipped
•     140+ Patents Issued
•     Award Winning Faroudja Video
•     Brand Recognition
 
[LOGO]
 
•     Best of Class Projection Technology
•     Feature Innovation
•     Smart Integration Technology
•     System Engineering Expertise
•     Advanced Video Processing, HDTV
•     Broad Applications Experience
 
[LOGO]

 
Strategy: Why are we doing this?
 
[LOGO]	[LOGO]	
 	 	
Leader in LCD Monitor ICs
Digital TV Technology	Leader in Projector ICs
TV Solutions	
 	 	 	 	
Flat Panel TV	Flat Panel TV	

[GRAPHIC]

 
[LOGO]	[LOGO]	
 	 	
Leader in LCD Monitor ICs
Digital TV Technology	Leader in Projector ICs
TV Solutions	
 	 	
Drive Flat Panel TV Technology	
 
[GRAPHIC]
 
Your Partner for advanced display ICs

 
The New Organization
 
[CHART]

 
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

 
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

 
[LOGO]

Additional Information and Where to Find It
 
In connection with the proposed Pixelworks/Genesis merger, Pixelworks, Genesis Microchip and Display Acquisition Corporation filed a joint proxy statement/prospectus on Form S-4 with the Securities and Exchange Commission (the “SEC”) on April 18, 2003. 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 Microchip 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 Microchip at 408-262-6599 and through Genesis Microchip’s website at www.genesis-microchip.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 Microchip 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 2003 Annual Meeting of Stockholders, which was filed with the SEC on or about April 18, 2003. This document is available free of charge by contacting the SEC or Pixelworks as indicated above.
 
Genesis Microchip 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 Microchip 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 Microchip’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 Microchip as indicated above.