Agere Systems Announces Exit From USB 2.0 Chip Market and Acceleration of Development of 1394B Chip Products.Business/Technology Editors ALLENTOWN, Pa.--(BUSINESS WIRE)--July 16, 2001 Agere Systems Agere Systems Inc. was an integrated circuit components company based in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Effective April 2, 2007, it was merged into LSI Corporation. (NYSE NYSE See: New York Stock Exchange : AGR AGR advanced gas-cooled reactor .A) today announced the discontinuation dis·con·tin·u·a·tion n. A cessation; a discontinuance. Noun 1. discontinuation - the act of discontinuing or breaking off; an interruption (temporary or permanent) discontinuance of discrete products that support Universal Serial Bus See USB. (hardware, standard) Universal Serial Bus - (USB) An external peripheral interface standard for communication between a computer and external peripherals over an inexpensive cable using biserial transmission. (USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) 2.0 applications, including the USS-2000 host controller and USS USS abbr. 1. United States Senate 2. United States ship USS abbr (= United States Ship) → Namensteil von Schiffen der Kriegsmarine 2X1 transceiver chips. In addition, Agere announced it will accelerate its product development for 1394b applications. USB technology is targeted at replacing the ports on PCs with a single interface. The currently deployed USB standard is known as USB 1.1, with USB 2.0 products mainly in development stages. The 1394 technology enables high bandwidth multimedia at high transmission rates over longer distances connecting a cross section of communication devices. The currently deployed 1394 standard is known as 1394a with higher speed 1394b products under development. "These announcements are a clear indication of Agere's sharpening focus on accelerating the multiple benefits of 1394b technology to our customers," said Jack Keller, general manager of the computer products business unit of Agere Systems. "This 1394 product decision is an example of Agere re-directing its product development efforts to the company's most promising market opportunities." The 1394b development allows Agere to leverage networking and system integration expertise that the company has developed as an optoelectronics and semiconductor communications leader. The company plans to continue offering its USB 1.1 and 1394a products. Agere Systems Inc. is a world leader in semiconductors for communications applications. Agere Systems has the expertise to offer integrated optoelectronics and integrated circuits solutions to help customers reduce the time and expense of developing new communications equipment. The company also provides wireless computer networking solutions through its ORiNOCO product line. More information about Agere Systems is available from its Web site at http://www.agere.com. Agere 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 release contains forward-looking statements based on information available to Agere as of the date hereof. Agere's actual results could differ materially from those results stated or implied by such forward-looking statements due to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, completion of the distribution of Agere stock by Lucent Technologies Inc., price and product competition, keeping pace with technological change, dependence on new product development, reliance on major customers and suppliers, customer demand for our products and services, availability of manufacturing capacity, components and materials, control of costs and expenses, timely completion of employment reductions and other restructuring activities, general industry and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further discussion of these and other risks and uncertainties, see the prospectus filed by Agere with the Securities and Exchange Commission on March 28, 2001, and the company's report on Form 10-Q Form 10-Q See 10-Q. for the quarterly period ended March 31, 2001. Agere disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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