Conexant's HDTV Set-Top Box Decoder Achieves Dolby(R) Digital Plus Certification.

Satellite, Cable and Terrestrial Broadcasters Benefit from Improved Bandwidth Utilization

NEWPORT BEACH, Calif. -- Conexant Systems, Inc. (NASDAQ:CNXT), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that its CX2417X family of high-definition television (HDTV) set-top box (STB) broadcast decoders has been certified to support Dolby([R]) Digital Plus audio coding technology. This advanced technology allows satellite, cable and terrestrial broadcast operators to significantly improve bandwidth utilization and deliver additional, higher quality audio programming using their existing infrastructure.

"The high compression efficiency of Dolby Digital Plus enables operators to deliver more high-definition content featuring superior audio, without having to invest in expensive network upgrades," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "As a result, operators can economically offer additional HDTV programming and maximize their revenue opportunity, which is why it is important for our leading-edge HDTV set-top box solutions to support these advanced compression technologies."

"With most major primetime shows, as well as sports, concerts, special events, and thousands of movie titles using Dolby Digital 5.1-channel surround sound, Dolby Digital Plus allows broadcast operators using Conexant's HDTV set-top box decoders to deliver more top-rated programming with the same great Dolby sound that viewers expect and trust," said Page Haun, broadcast director, Consumer Division, Dolby Laboratories.

With more than 400 million devices featuring Dolby Digital, Dolby Digital Plus offers maximum compatibility in consumers' homes. When used to deliver the vast amount of content available in Dolby Digital 5.1-channel surround sound, Dolby Digital Plus gives viewers more of the sound they demand.

Conexant's CX2417x HDTV broadcast decoder family includes all of the major elements required to implement the core system and decoder electronics of high-performance personal video recorder (PVR)-enabled HDTV STBs deployed in digital satellite, cable, terrestrial or IP TV networks. The multi-format decoders support MPEG-4, MPEG-2, Dolby Digital, Dolby Digital Plus, advanced audio coding (AAC) and aacPlus. They are also compatible with industry broadcast standards including DVB, DVB-S2, ATSC and DSS.

Conexant offers a comprehensive suite of digital STB components and system solutions for worldwide satellite, terrestrial, cable and IP entertainment broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up and DOCSIS([R]) modems for back-channel applications. Reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug([R]) and HomePNA([TM]). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company with an annual revenue run-rate in excess of $1 billion. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

About Dolby Laboratories

Dolby Laboratories (NYSE:DLB) develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For four decades Dolby has been at the forefront of defining high-quality audio and surround sound in cinema, broadcast, home audio systems, cars, DVDs, headphones, games, televisions, and personal computers. Based in San Francisco with European headquarters in England, the company has entertainment industry liaison offices in New York and Los Angeles, and licensing liaison offices in London, Shanghai, Beijing, Hong Kong, and Tokyo. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.

Conexant Safe Harbor

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Dolby Safe Harbor

Certain statements in this press release, including statements regarding the performance, features, reliability, and capabilities of the Dolby Digital Plus technologies; the anticipated or potential benefits that artists, directors, producers, other content creators, broadcasters, and other distributors and consumers may derive from the Dolby Digital Plus technologies; and the anticipated market acceptance of the Dolby Digital Plus technologies in products enabling the delivery of high-definition programming, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations. The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: risks that Dolby Digital Plus may not perform as anticipated; risks associated with building market acceptance of and demand for Dolby Digital Plus in delivery of high-definition programming; competition risks for high-definition delivery technologies; rapid changes in technical requirements for high-definition content delivery; and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including its quarterly report on Form 10-Q for its fiscal quarter ended June 30, 2006. Dolby disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Dolby and the double-D symbol are registered trademarks of Dolby Laboratories, Inc. Other brands and names contained in this release are the property of their respective owners.