Conexant V.92 Modems Now Shipping in Legend Computers, China's Premier PC Manufacturer; Customized V.92 Feature Development Support by Conexant Shanghai.

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 5, 2002

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that Legend Holdings Ltd. is now shipping Conexant V.92 modems bundled into their TeanLin Premia desktop PC product line throughout China.

Conexant's Shanghai design center provided customized in-country V.92 and development support to Legend, China's premier PC manufacturer.

"We selected a Conexant-based modem because of its proven V.92 modem technology with an installed base of more than 27 million units worldwide," said Wei Jun, assistant president of Legend Holdings Ltd. and general manager of the Consumer PC Business Unit.

"Conexant's ability to support Legend's development and certification efforts assured us of a full-featured yet cost-effective quality product."

"Legend has grown their business significantly in China. The adoption of Conexant's modem technology positions us to see tremendous growth for our products in China," said Akram Atallah, vice president, universal access products in Conexant's Personal Computing Division.

"Because we value and are committed to key customers like Legend in China, we established our Shanghai facility to continue to support customization and localization development efforts."

International Data Corp. (IDC) predicts China's PC market will grow 24 percent this year and will maintain over 18 percent annual growth for the next five years. "China's market will replace Japan's as the second largest PC market in the world by 2003," said Kitty Fok, IDC's research director in Hong Kong. "I believe Legend has the advantage to hold the top position."

Legend's consumer PC integrates Conexant's V.92 single-chip PCI soft modem. V.92 is the new dial-up modem specification from the International Telecommunications Union (ITU) that introduces features that add convenience and performance for the modem user. Conexant, a pioneer in modem technology, contributed key technologies to the V.92 specification.

About V.92 and NetWaiting

V.92 modems enhanced with the new NetWaiting feature enable end-users with Call Waiting to be notified of incoming calls while remaining on the Internet, allowing them to place the Internet "on hold" for several minutes while taking the telephone call. Users can also place the modem "on hold" and make an out-going call without losing the Internet connection.

NetWaiting also supports Caller ID service by displaying the incoming caller's phone number and identification. In addition, users can maintain a database of frequent callers so that familiar names are displayed and identified.

NetWaiting features an easy-to-use interface that is configurable through the preferences menu. Users have the ability to specify call options, ignoring all incoming calls, accepting all incoming calls and disconnecting the Internet connection, or screening all incoming calls and prompting the user.

The new application is available now in all Conexant-based V.92 modems and drivers and supports Microsoft(R) Windows(R) 95, 98, 2000, Me and XP. To learn more about V.92, visit http://www.v92.com.

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 three separate businesses that address the wireless communications, broadband access and Internet infrastructure markets.

Conexant's wireless communications business is focused on providing power amplifiers, radio-frequency subsystems and complete systems solutions. The broadband access business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies, 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 and long-haul networks.

Conexant, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001, and has approximately 6,900 employees worldwide. 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: maintaining a consistent and reliable source of energy; 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 planned disposition of certain assets; 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, its customers and suppliers; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to the security and safety risks of our 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 and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.