Clear Logic, Inc. Appoints Len Perham CEO; Founder Al Huggins Takes Chairman and Chief Architect Posts.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 24th, 2000

Clear Logic, Inc. today announced that Mr. Len Perham, previously chairman of the board of directors at Clear Logic, has accepted the post of chief executive officer. Mr. Al Huggins, previously CEO, will become the chairman of the board and additionally will assume the title of chief architect.

Mr. Perham stated, "I am delighted that Al and the board have asked me to commit the time and resources necessary to ensure the company achieves its highest expectations. My skill set complements Al's nicely, and we have worked well together for many years in a variety of roles previously at Integrated Device Technology as well as here at Clear Logic. When Al came to me in 1996 with the idea for Clear Logic, I recognized and supported the magnitude of his vision. Now a few years later I find Al has laid down the tracks and built a tremendous locomotive of growth, and I am grateful to Al for giving me a turn at the controls. I am convinced we have a magnificent opportunity, and I plan to drive forward as fast as we can. My compensation is planned to be largely equity based, and I believe that is wise and appropriate."

Mr. Huggins added, "I am sure that this move to delegate authority will accelerate our success, and Len is the right person to secure and strengthen the strong position we have established in the advanced programmable logic replacement and ASIC markets. I know that having him actively involved on a day-to-day basis enhances our opportunity to deliver a major success to the team that has supported us."

Mr. Perham formerly was CEO of Integrated Device Technology. Prior to joining IDT, He was president and CEO of Optical Information Systems Inc., a division of Exxon Enterprise. He was also a member of the founding team at Zilog Inc. and held management positions at Advanced Micro Devices and Western Digital. Mr. Perham earned a B.S. in electrical engineering from Northeastern University. Mr. Perham serves as a director of NetLogic and Semiconbay.com.

Mr. Huggins is the founder of Clear Logic. From 1983 to 1996 he held various management positions at Integrated Device Technology, Inc., last serving as vice president and general manager for Memory Products. From 1979 to 1983 Mr. Huggins held various management, engineering and finance positions at Advanced Micro Devices, a semiconductor manufacturer. Mr. Huggins has an M.B.A. degree from the University of California, Los Angeles and a Bachelor of Science degree from Tufts University.

Company Background

Clear Logic, Inc. is a fabless chip supplier and the world leader in a new market sector of FPGA compatible logic devices (FCLDs). Clear Logic was founded in May 1996 as an independent venture by Integrated Device Technology (Nasdaq:IDTI). Clear Logic has successfully delivered designs to more than 100 customers including Alcatel, Cisco, Matsushita, and NEC among others. The company is located in San Jose, Calif.

Clear Logic currently develops and markets reduced cost, plug compatible integrated circuits as volume replacements for prototypes implemented in Altera's popular MAX(R) 7000 and FLEX(R) 8000 lines of programmable logic devices. Clear Logic introduced its first Altera replacement product in 1998. The company intends to introduce Altera FLEX 10K compatible parts this year.

Note to Editors: Clear Logic is a registered trademark of Clear Logic. Altera, FLEX and MAX are registered trademarks of Altera Corporation. Clear Logic's World Wide Web site is www.clear-logic.com.

Forward Looking Statements

This information document contains forward-looking statements within the meaning of the federal securities laws. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in the Private Securities Reform Act of 1995, and we include this statement for purposes of complying with these safe harbor provisions. Forward looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our corporation, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project", "roughly," "approximately," or similar expressions including use of the word "see" in the sense of "foresee" and other forward looking colloquialisms (including use of future affirmative conjugations, such as, for example, use of "will" in a noncontractual sense in place of the conditional "would," "could," or "might") consistent with mandates for "plain English" in financial documents.

In particular, all references to planned product introductions are dependent upon factories meeting production schedules upon devices performing to design specification. Clear Logic is a venture stage company operating in an historically volatile and fast changing industry, and these factors compound the difficulty in forecasting future events. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in: Economic conditions particularly within the electronics industry; competitive responses by Altera, Xilinx, or new, competing startup companies; court rulings regarding pending litigation with Altera or future litigation; manufacturing yields; supplier relations; new product development results; availability of financing. These risks and uncertainties, together with the other risks described from time to time in reports and documents we may file, should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements.