``Skyworks'' Chosen as the Name for Alpha and Conexant's Combined Wireless Company; Company Assumes Tagline ``Breakthrough Simplicity''; Nasdaq Ticker Symbol SWKS.Business Editors & High-Tech Writers NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com WOBURN, Mass. & NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--May 21, 2002 Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. , Inc. (Nasdaq:AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) and Conexant Systems, Inc. (Nasdaq:CNXT) today announced that Skyworks Solutions  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Inc. has been selected as the name for the new independent wireless company that will be created through the merger of Alpha and Conexant's wireless business. The new company name, logo and tagline "Breakthrough Simplicity(TM)" were unveiled today to the more than 4,000 employees worldwide. Skyworks will be the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications upon completion of the merger. The transaction between Alpha and Conexant remains on track to be completed by the end of next month. Following the close, Skyworks shares will begin trading on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SWKS. "The name Skyworks was chosen because it defines who we are and what we do," said David Aldrich, chief executive officer of Alpha, who will become chief executive officer of Skyworks when the merger is complete. "`Sky' represents the vast and growing nature of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , and `works' addresses our ability to solve problems and provide customers with integrated solutions. "Wireless technology is extremely complex. It's our business to translate that complexity into simple solutions that are easily integrated, allowing our customers to focus on their product's features and servicing their customers," Aldrich added. "Today's handset customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. more highly integrated products from fewer suppliers. Skyworks will be uniquely positioned to gain market share as we will possess the industry's widest breadth of essential technologies and a complete range of wireless products enabling us to offer our customers complete system solutions. Out of the gate, our top four customers will be the world's leading cellular handset manufacturers." The new company also unveiled its logo, a blue symbol representing a wireless network in the sky. The logo reflects the complex process of translating wireless technology into connectivity and clarity. Skyworks will adopt the tagline "Breakthrough Simplicity" to capture the company's core value proposition. The statement was chosen to convey the company's goal of turning complexity into simplicity, and simplicity into competitive advantage. To learn more about the new company, visit www.skyworksinc.com. Completion of the merger is subject to approval by Alpha shareholders, receipt of a ruling by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. that the spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. of Conexant's wireless business immediately prior to the merger will be tax-free to Conexant stockholders and satisfaction of all other closing conditions. On May 10, 2002, Alpha Industries filed with the SEC a registration statement on Form S-4 containing a definitive proxy statement/prospectus-information statement regarding the proposed merger of Conexant's wireless communications business with Alpha. Investors and security holders are urged to read the definitive proxy statement/prospectus-information statement and any other relevant documents filed by Alpha with the SEC regarding the proposed merger because they contain, or will contain, important information about Alpha, Conexant's wireless communications business and the merger. The definitive proxy statement/prospectus-information statement is being sent to Alpha and Conexant stockholders. Investors and security holders may obtain a free copy of the definitive proxy statement/prospectus-information statement and any other relevant materials regarding the proposed merger, and other documents filed by Alpha with the SEC, at the SEC's Web site at http://www.sec.gov or on the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " section of the Alpha Web site, http://www.alphaind.com. About Alpha Alpha Industries is a leading provider of RF integrated circuit-based solutions, including semiconductors and ceramic components, for the wireless and broadband communications markets. Alpha's switches, power amplifiers Power amplifier The final stage in multistage amplifiers, such as audio amplifiers and radio transmitters, designed to deliver appreciable power to the load. and discrete semiconductors are used by the world's leading broadband, infrastructure and wireless communications companies to enhance the speed, quality and performance of voice, data and video. The company's Alpha Integration Platform(TM) (aiIP(TM)) is a breakthrough manufacturing, packaging and design technique that reduces design complexity and improves the OEMs overall time-to-market for new products. For more information, visit Alpha's Web site, www.alphaind.com. About Conexant Conexant Systems, Inc. is a worldwide leader in semiconductor system solutions for communications applications. Conexant leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through three separate businesses that address the wireless communications, broadband access See broadband and wireless broadband. and Internet infrastructure markets. Conexant's wireless communications business is focused on providing power amplifiers, radio-frequency subsystems and complete systems solutions. The broadband access business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies, the company's Internet infrastructure business, designs, develops and sells a complete portfolio of semiconductor networking solutions that facilitate the aggregation, transmission and switching of data, video and voice from the edge of the Internet to linked metropolitan area networks and long-haul networks. Conexant, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001. The company is a member of the S&P 500 and Nasdaq-100 indices. To learn more, visit us at www.conexant.com or www.mindspeed.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in Conexant's and Alpha's Securities and Exchange Commission filings. Note to Editors: Skyworks, Skyworks Solutions, and the Breakthrough Simplicity tagline are trademarks or registered trademarks of Alpha Industries, Inc. and Conexant Systems, Inc., or its subsidiaries in the U.S. and in other countries. Conexant and Mindspeed are trademarks or registered trademarks of Conexant Systems, Inc. or its subsidiaries in the U.S. and in other countries. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.052102/bb11 |
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