Conexant and Nintendo Partner to Deliver Internet Connectivity for Next-Generation Video Gaming.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)--Aug. 23, 2000 Conexant To Provide V.90 56 Kbps Modem Technology For Upcoming "Project Dolphin" Console Conexant Systems Inc. (Nasdaq:CNXT) Wednesday announced an exclusive modem technology supplier relationship with Nintendo Co. Ltd. of Kyoto, Japan to deliver 56 Kbps dial-up modem technology for Nintendo's next-generation video game console A specialized desktop computer used to play video games. The three most popular game consoles are Sony's PlayStation 3 (PS3), Nintendo's GameCube and Microsoft's Xbox. Game software is available on CDs or DVDs, although earlier game machines used cartridges containing read only memory , code-named "Project Dolphin." The two companies also plan to collaborate on future broadband capabilities for Nintendo's Dolphin platform. Nintendo plans to release the new console in Japan, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe in 2001. It will feature the largest and strongest library of hit games for any system introduction in Nintendo's history, and will use Conexant's modem technology to give users more powerful game experiences through network connectivity. "Dolphin will combine Nintendo's world-class design and beloved franchise characters with the expansion of the world of gaming by an online network," said Genyo Takeda Genyo Takeda was born in Osaka, Japan. He graduated from Shizuoka Government University in Honshū, and then went to work with Nintendo in the 1970s. He was eventually made the General Manager of the Research & Development 3 team. , Nintendo's corporate director and general manager of integrated research and development. "Conexant's modem technology will connect Dolphin users to both the Internet and other gamers, creating a rich and dynamic entertainment experience. We are also excited about working with Conexant to bring broadband connectivity to our powerful new gaming platform." "Conexant is pleased to be contributing our modem technology to Nintendo's exciting new video game console," said Matt Rhodes, senior vice president and general manager for Conexant's 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. Division. "Conexant helped to re-shape personal computing in the 1990s with our low-cost, dial-up modem technology for Internet access See how to access the Internet. and online connectivity, and now we are helping industry-leading consumer companies like Nintendo do the same for video gaming video gaming n. 1. Gambling by means of interactive games of chance played on a video screen. 2. The playing of video games. ." About Conexant Systems With a revenue run-rate of approximately $2 billion per year, 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 networks, cordless and cellular wireless telephony systems, personal imaging devices and equipment, and emerging cable and wireless broadband communications networks. The company aligns its business into five product platforms: Network Access, Wireless Communications, Digital Infotainment, Personal Imaging, and Personal Computing. 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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