Conexant Acquires Applied Telecom; Expands Physical-Layer Networking Portfolio With Complete Software Solutions.Business Editors and High-Tech Writers 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)--April 13, 2000 Acquisition Will Enable Conexant To Accelerate Time-To-Market For Customers Designing Network Products For The Internet Infrastructure Conexant Systems Inc. (Nasdaq:CNXT) Thursday announced that it has acquired Applied Telecom Inc. of Lisle, Ill., a leading supplier of telecommunications software and hardware products to the industry's top communications equipment companies. Terms of the transaction were not disclosed. Conexant's acquisition of Applied Telecom further extends the company's broad portfolio of semiconductor system solutions targeted at the fast-growing market for network equipment used in the Internet infrastructure. Applied Telecom's family of software and hardware products includes telecommunications system software solutions that make it easier to integrate silicon into complete physical-layer system designs, physical-layer interface modules and inverse-multiplexing ATM (IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting ) products. IMA technology allows multiple, low-cost T1/E1 circuits to be combined into a single broadband facility for the transmission of ATM cells, providing the cost and bandwidth benefits to enable widespread deployment of commercial ATM services. "This acquisition brings Conexant extensive telecommunications system and software expertise, and further strengthens our industry-leading portfolio of physical-layer semiconductor solutions to accelerate our customers' time-to-market," said Warner Andrews, vice president of Broadband Internetworking Solutions at Conexant's Network Access Division. "Conexant gains immediate access to a broad range of production-level software drivers, which we will port to our physical-layer devices to create complete solutions for our customers. At the same time, we gain early entry into the emerging IMA market." "The acquisition of Applied Telecom also establishes a Conexant design center located in Illinois' high-tech growth corridor. We plan to expand our engineering team for WAN software and solutions development in the Chicago region," Andrews added. Conexant's industry-leading family of physical-layer communications products include ATM, T1/E1 and T3/E3 carrier, optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. (SONET/SDH), digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) and multi-service voice and data concentration. "Joining forces with Conexant enables us to extend the reach of our physical-layer technology by bringing to market comprehensive solutions that combine our software with Conexant's semiconductor systems," said James Beatty, president of Applied Telecom Inc. "In addition, this acquisition will accelerate the deployment of our technology to the market through Conexant's worldwide sales channels." Founded by Beatty, Roger Gaile, Mark Erlenborn and Myron Jeffries in 1994, Applied Telecom's staff includes a mix of telecommunications hardware and software engineers with decades of systems design expertise. Applied Telecom is the leading merchant supplier of physical-layer software device drivers, and was the first company to introduce IMA as a standard product. Conexant intends to continue supporting Applied Telecom's existing customer base. It is anticipated that the Applied Telecom organization will continue to operate from its current location, and will become part of Conexant's Network Access Division. About Conexant Systems With revenues of approximately $1.5 billion, Conexant is the world's largest independent company focused exclusively on providing semiconductor solutions for communications electronics. With more than 30 years of experience in developing communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry , the company draws upon its expertise in mixed-signal processing to deliver integrated systems and semiconductor products for a broad range of communications applications. These products facilitate communications worldwide through wireline voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. networks, cordless and cellular wireless telephony telephony without wires, usually employing electric waves of high frequency emitted from an oscillator or generator, as in wireless telegraphy. A telephone transmitter causes fluctuations in these waves, it being the fluctuations only which affect the receiver. See also: Wireless systems, personal imaging devices and equipment, and emerging cable and wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 communications networks. The company aligns its business into five product platforms: Network Access, 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. , Digital Infotainment, Personal Imaging, and Personal Computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. . Conexant is a member of the S&P 500 and Nasdaq-100 Indices. For more information, visit Conexant at www.conexant.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 statements relating to future results of the company (including certain projections and business trends) that are "forward-looking statements" 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. These risks and uncertainties include, but are not limited to: global and market conditions, including, but not limited to, 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 ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful implementation of the company's diversification strategy; labor relations of the company, its customers and suppliers; and the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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. Other brands and names contained in this release are the property of their respective owners. |
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