Conexant Semiconductor Solutions Power SMC Broadband Routers; Conexant's ADSL and Industry-Leading Home Network Processors Selected for Use in Multiple Broadband Products.

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Nov. 11, 2002

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that SMC Networks, the maker of high-performance, easy-to-use connectivity products for businesses and homes, has chosen Conexant's AccessRunner(TM) asymmetric digital subscriber line (ADSL) and industry-leading home network processor (HNP) semiconductor solutions for use in various broadband communications products including wired and wireless routers.

"We believe that providing a portfolio of broadband solutions -- including ADSL and network processor products -- that allows our customers to leverage their work from one product directly into another is a key advantage that we offer," said Jay Gottlieb, DSL/Residential Gateway product line marketing manager for Conexant.

"We are pleased to see SMC utilize the high level of integration our products offer, which allows them to reduce costs, streamline development efforts, and quickly deliver a wide range of reliable products to consumers, SOHO and ROBO users."

"Conexant's ability to deliver high-performance ADSL and HNP solutions that we can leverage into multiple products is extremely attractive to us," said SMC product marketing manager, Jon Bettino. "Working with Conexant as a technology partner enables us to offer our customers a broader portfolio of easy-to-use, full-featured and secure broadband routers and modems."

Gartner Dataquest, a market research firm, estimates end-user spending for the residential broadband sharing router market to increase from $955 million in 2001 to approximately $2 billion in 2006. "The broadband residential gateway market is growing rapidly. There is a strong need for gateway products with multiple networking features along with security and Internet access," said Jeremey Donovan, vice president and chief analyst at Gartner Dataquest.

"The days of broadband modems without switch/router capabilities are numbered, and service providers recognize that they must provide a 'whole product' to their customers."

Conexant's ADSL technology will be integrated into SMC's broadband access products to provide residential, small office home office (SOHO), and remote office branch office (ROBO) users with secure broadband network connectivity. With advanced features such as firewall, virtual private network (VPN), and integrated Point-to-Point Protocol over Ethernet (PPPoE) support, the SMC product is ideal for securely sharing broadband access.

Conexant's CX82100 and CX84200 HNPs will be incorporated into a variety of SMC's Barricade wired and wireless broadband routers.

About SMC Networks

SMC takes the work out of networks, with high-performance, easy-to-use connectivity products for businesses and homes. From basic to leading-edge, SMC Networks' portfolio of products provides solutions for small- to medium-sized businesses, corporate workgroups, branch offices, and home and small office environments.

SMC's commitment to providing unsurpassed service with a personal touch is backed-up by limited lifetime warranties and 24/7 technical support for all of its products.

With headquarters in Irvine, Calif., SMC Networks supports its worldwide market through regional offices located throughout the United States and 20 other countries. For more information about SMC Networks or its products, visit www.smc.com, or call 800/SMC-4You (800/762-4968).

About Conexant

Conexant Systems, Inc., a worldwide leader in semiconductor system solutions for communications applications, leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses.

The Broadband Communications business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies(TM), the company's Internet infrastructure business, designs, develops and sells a complete portfolio of semiconductor networking solutions that facilitate the aggregation, transmission and switching of data, video and voice from the edge of the Internet to linked metropolitan area networks.

Conexant, headquartered in Newport Beach, Calif., is a member of the Nasdaq-100 market index. 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 of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; 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 broadband communications and Internet infrastructure businesses; the ability to attract and retain qualified personnel; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to the security and safety risks of the company's employees and of company facilities and those risks and uncertainties 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, AccessRunner and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.