-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UX3ihGQRGfPg3V/8Wil4hCvOUQ7ffv1ZvxeHYDRRUoMuolJMZxZH0AczzAC45Y4p Imzi+axkjTXU17htY2y0Mw== 0000950005-04-000090.txt : 20040205 0000950005-04-000090.hdr.sgml : 20040205 20040205170222 ACCESSION NUMBER: 0000950005-04-000090 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040205 GROUP MEMBERS: DOUGLAS LEONE GROUP MEMBERS: MARK STEVENS GROUP MEMBERS: MICHAEL MORITZ GROUP MEMBERS: SC VII MANAGEMENT-A LLC GROUP MEMBERS: SEQUOIA CAPTIAL VII GROUP MEMBERS: SEQUOIA INTERNATIONAL PARTNERS GROUP MEMBERS: SEQUOIA TECHONOLGY PARTNERS VII GROUP MEMBERS: THOMAS F. STEPHENSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIXELWORKS INC CENTRAL INDEX KEY: 0001040161 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 911761992 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60523 FILM NUMBER: 04570734 BUSINESS ADDRESS: STREET 1: 7700 SW MOHAWK CITY: TUALATIN STATE: OR ZIP: 97062 MAIL ADDRESS: STREET 1: 7700 SW MOHAWK CITY: TUALATIN STATE: OR ZIP: 97062 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA CAPITAL VII CENTRAL INDEX KEY: 0001032125 IRS NUMBER: 943240153 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O SEQUOIA CAPITAL STREET 2: 3000 SAND HILL RD, BLDG 4-180 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 6508543927 MAIL ADDRESS: STREET 1: C/O SEQUOIA CAPITAL STREET 2: 3000 SAND HILL RD, BLDG 4-180 CITY: MENLO PARK STATE: CA ZIP: 94025 SC 13G/A 1 p18134_sc13ga.txt AMENDMENT NO. 3 TO SCHEDULE 13-G -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response......11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13G/A INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b) (Amendment No. 3)* PIXELWORKS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 72581M107 - -------------------------------------------------------------------------------- (CUSIP Number) 12/31/03 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) | | Rule 13d-1(c) |X| Rule 13d-1(d) (Continued on following pages) Page 1 of 13 Pages CUSIP No. 72581M107 Page 2 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS SEQUOIA CAPITAL VII, A CALIFORNIA LIMITED PARTNERSHIP ("SC VII") I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 94-3240153 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,108,339 OWNED BY -------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,108,339 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,108,339 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 3 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS SEQUOIA TECHNOLOGY PARTNERS VII, A CALIFORNIA LIMITED PARTNERSHIP ("STP VII") I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 77-0428059 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 49,272 OWNED BY -------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 49,272 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 49,272 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 4 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS SEQUOIA INTERNATIONAL PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP ("SIP") I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 94-3260980 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 16,709 OWNED BY -------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 16,709 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,709 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 5 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS SC VII MANAGEMENT-A, LLC ("SC VII-A") I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 94-3240154 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES 1,174,320 shares of which 1,108,339 shares are directly BENEFICIALLY held by SC VII, 49,272 shares are directly held by STP OWNED BY VII and 16,709 shares are directly held by SIP. SC VII-A EACH is the General Partner of SC VII, STP VII and SIP. REPORTING -------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,174,320 shares of which 1,108,339 shares are directly held by SC VII, 49,272 shares are directly held by STP VII and 16,709 shares are directly held by SIP. SC VII-A is the General Partner of SC VII, STP VII and SIP. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,174,320 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 6 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) MICHAEL MORITZ - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 269,664 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES 1,174,320 shares of which 1,108,339 shares are directly BENEFICIALLY held by SC VII, 49,272 shares are directly held by STP OWNED BY VII and 16,709 shares are directly held by SIP. Mr. EACH Moritz is a Managing Member of SC VII-A. Mr. Moritz REPORTING disclaims beneficial ownership of all such shares except PERSON to the extent of his individual pecuniary interest WITH therein. -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 269,664 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,174,320 shares of which 1,108,339 shares are directly held by SC VII, 49,272 shares are directly held by STP VII and 16,709 shares are directly held by SIP. Mr. Moritz is a Managing Member of SC VII-A. Mr. Moritz disclaims beneficial ownership of all such shares except to the extent of his individual pecuniary interest therein. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,443,984 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 7 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) DOUGLAS LEONE - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 172,453 -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES 1,174,320 shares of which 1,108,339 shares are directly BENEFICIALLY held by SC VII, 49,272 shares are directly held by STP OWNED BY VII and 16,709 shares are directly held by SIP. Mr. EACH Leone is a Managing Member of SC VII-A. Mr. Leone REPORTING disclaims beneficial ownership of all such shares except PERSON to the extent of his individual pecuniary interest WITH therein. -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 172,453 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,174,320 shares of which 1,108,339 shares are directly held by SC VII, 49,272 shares are directly held by STP VII and 16,709 shares are directly held by SIP. Mr. Leone is a Managing Member of SC VII-A. Mr. Leone disclaims beneficial ownership of all such shares except to the extent of his individual pecuniary interest therein. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,346,773 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 8 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) MARK STEVENS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 236,244 shares of which 39,739 shares are issuable upon the exercise of options exercisable within 60 days of December 31, 2003. -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES 1,174,320 shares of which 1,108,339 shares are directly BENEFICIALLY held by SC VII, 49,272 shares are directly held by STP OWNED BY VII and 16,709 shares are directly held by SIP. Mr. EACH Stevens is a Managing Member of SC VII-A. Mr. Stevens REPORTING disclaims beneficial ownership of all such shares except PERSON to the extent of his individual pecuniary interest WITH therein. -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 236,244 shares of which 39,739 shares are issuable upon the exercise of options exercisable within 60 days of December 31, 2003. -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,174,320 shares of which 1,108,339 shares are directly held by SC VII, 49,272 shares are directly held by STP VII and 16,709 shares are directly held by SIP. Mr. Stevens is a Managing Member of SC VII-A. Mr. Stevens disclaims beneficial ownership of all such shares except to the extent of his individual pecuniary interest therein. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,410,564 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 9 of 13 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) THOMAS F. STEPHENSON - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 145,013 -------------------------------------------------------- NUMBER OF 6 1,174,320 shares of which 1,108,339 shares are directly SHARES held by SC VII, 49,272 shares are directly held by STP BENEFICIALLY VII and 16,709 shares are directly held by SIP. Mr. OWNED BY Stephenson is a Managing Member of SC VII-A. Mr. EACH Stephenson disclaims beneficial ownership of all such REPORTING shares except to the extent of his individual pecuniary PERSON interest therein. WITH -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 145,013 -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,174,320 shares of which 1,108,339 shares are directly held by SC VII, 49,272 shares are directly held by STP VII and 16,709 shares are directly held by SIP. Mr. Stephenson is a Managing Member of SC VII-A. Mr. Stephenson disclaims beneficial ownership of all such shares except to the extent of his individual pecuniary interest therein. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,333 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 72581M107 Page 10 of 13 Pages - -------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer: Pixelworks, Inc. (b) Address of Issuer's Principal Executive Offices: 8100 SW Nyberg Road Tualatin, Oregon 97062 ITEM 2. (a) Name of Persons Filing: Sequoia Capital VII, a California Limited Partnership Sequoia Technology Partners VII, a California Limited Partnership Sequoia International Partners, a California Limited Partnership SC VII Management-A, LLC Michael Moritz ("MM") Douglas Leone ("DL") Mark Stevens ("MS") Thomas F. Stephenson ("TFS") SCVII-A is the General Partner of SC VII, STP VII and SIP. MM, DL, MS, and TFS are Managing Members of SC VII-A. (b) Address of Principal Business Office or, if none, Residence: 3000 Sand Hill Road, 4-180 Menlo Park, CA 94025 (c) Citizenship: MM, DL, MS, TFS: USA SC VII-A, SC VII, STP VII, SIP: California (d) Title of Class of Securities: Common (e) CUSIP Number: 72581M107 ITEM 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: NOT APPLICABLE ITEM 4. Ownership SEE ROWS 5 THROUGH 11 OF COVER PAGES CUSIP No. 72581M107 Page 11 of 13 Pages - -------------------------------------------------------------------------------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ X ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON NOT APPLICABLE ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON NOT APPLICABLE ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NOT APPLICABLE ITEM 9. NOTICE OF DISSOLUTION OF GROUP NOT APPLICABLE ITEM 10. CERTIFICATION NOT APPLICABLE CUSIP No. 72581M107 Page 12 of 13 Pages - -------------------------------------------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 4, 2004 Sequoia Capital VII, a California Limited Partnership Sequoia Technology Partners VII, a California Limited Partnership Sequoia International Partners, a California Limited Partnership By: SC VII Management-A, LLC, their General Partner By: /s/ Michael Moritz ------------------------------------------------ Michael Moritz, Managing Member /s/ Douglas Leone - ----------------------------------------------------- Douglas Leone /s/ Michael Moritz - ----------------------------------------------------- Michael Moritz /s/ Thomas F. Stephenson - ----------------------------------------------------- Thomas F. Stephenson /s/ Mark Stevens - ----------------------------------------------------- Mark Stevens CUSIP No. 72581M107 Page 13 of 13 Pages - -------------------------------------------------------------------------------- EXHIBIT 1 AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G The undersigned hereby agree that the Schedule 13G relating to shares of Pixelworks, Inc. to which this Agreement as to Joint Filing of Schedule 13G is attached as an exhibit is filed on behalf of each of them. Dated: February 4, 2004 Sequoia Capital VII, a California Limited Partnership Sequoia Technology Partners VII, a California Limited Partnership Sequoia International Partners, a California Limited Partnership By: SC VII Management-A, LLC, their General Partner By: /s/ Michael Moritz ------------------------------------------------ Michael Moritz, Managing Member /s/ Douglas Leone - ----------------------------------------------------- Douglas Leone /s/ Michael Moritz - ----------------------------------------------------- Michael Moritz /s/ Thomas F. Stephenson - ----------------------------------------------------- Thomas F. Stephenson /s/ Mark Stevens - ----------------------------------------------------- Mark Stevens -----END PRIVACY-ENHANCED MESSAGE-----