Conexant's V.90 Modem/Ethernet Chipset Now Shipping in Compaq's Presario 1200 Series Notebook Computers.

Business Editors and High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 28, 2001

Compaq Ships One-Gigahertz Notebook With Conexant's Mini-PCI Solution

to Major Retail Outlets

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that Compaq Computer Corp. (NYSE:CPQ) has selected Conexant's V.90/local area network (LAN) combination communications solution for its Presario 1200 Series, one-gigahertz notebook computer, available now in major retail outlets.

"Mini-PCI solutions, such as our V.90/LAN combo, offer PC manufacturers a significantly less expensive way to provide modem and network connectivity to their customers," said Akram Atallah, vice president of universal access products for Conexant's personal computing division.

"We are pleased to extend our long-term relationship with Compaq, and provide them with solutions that make it easier to deliver Internet connectivity to consumers throughout the world."

Based on the mini-peripheral component interconnect (mini-PCI) form factor, Conexant's solution combines V.90 modem and 10/100 Mbps Ethernet connectivity on a single card, enabling manufacturers to reduce their bill-of-materials component count and overall cost.

In addition, Conexant's mini-PCI solution provides manufacturers with an easy means of integrating modem, LAN and broadband connectivity into notebook designs, which facilitates the timely introduction of new products with enhanced functionality.

Conexant's modem family includes hardware-based, software-based and "controllerless" modems, as well as associated codecs, drivers, applications and other algorithms for creating complete host-processing system solutions.

Conexant provides its customers with a single source spanning all of the requirements for creating feature-rich modem and audio solutions across a full spectrum of price/performance points.

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 two separate businesses: Conexant and Mindspeed Technologies.

Conexant's personal networking business is focused on wireless communications, digital infotainment and personal computing products that are used in mobile communications and the broadband digital home. Mindspeed Technologies is focused on Internet infrastructure products including WAN transport, multiservice access and broadband access for applications that extend from the edge of the Internet all the way to its optical core.

Conexant is headquartered in Newport Beach, Calif., and delivered revenues of $2.1 billion for fiscal 2000. 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 Statement

This news release contains statements relating to future results of Conexant (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability and extent of utilization of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful separation of the company's Internet infrastructure and personal networking businesses; the ability to attract and retain qualified personnel; labor relations of the company, and its customers and suppliers; maintaining a consistent and reliable source of energy; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Note to Editors: Conexant and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

Compaq and the names of Compaq products referenced herein are either trademarks and/or service marks or registered trademarks and/or service marks of Compaq.