So you're saying that I either need the converter or a separate set of speakers for this to work? Thanks for the help btw.
Edit: Ok so I did a little more research and found this- http://www.mycablemart.com/store/cart.php?m=product_detail&p=2267.
Would it work if I went
DVI->VGA+3.5mm Audio-->Converter--> HDMI? And if it did, would I lose significant picture quality? If it's important, this setup would be used for movies and a little gaming.