(For UL30VT owners, you can disable the Intel video in BIOS (press the F2 key on startup) and Select: Advanced > IDE Configuration > SATA Operation Mode. Change the configuration from Enhanced to Compatible.)
Step 1: Download the latest Nvidia Driver
Navigate to http://www.nvidia.com/object/unix.html and download the appropriate driver (The current driver version as of 3/3/2012 is 295.20)
Step 2: Black list the Nouveau driver and reboot
Load Terminal
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# sudo gedit /etc/modprobe.d/disable-nouveau.conf
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blacklist nouveau
options nouveau modeset=0
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# sudo reboot
To install the driver, you need to exit the GUI temporarily.
Press CTRL-ALT-1 to load your #1 terminal
Login with your login name and password
Execute this command to stop X server
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# sudo service lightdm stop
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# cd yourdownloaddirectory
# sh NVIDIA-Linux-x86_64-295.20.run
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# sudo reboot