Conexant and Philsar Join Forces to Develop Industry's Most Comprehensive Family of Bluetooth Solutions.Business Editors MONTE CARLO Monte Carlo (môNtā` kärlō`), town (1982 pop. 13,150), principality of Monaco, on the Mediterranean Sea and the French Riviera. , Monaco--(BUSINESS WIRE) June 12, 2000 Conexant Will Deliver Industry's Lowest-Cost, Lowest-Power Bluetooth Product Offering -- From Radio Frequency (RF) ICs To Single-Chip System Solutions Conexant Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CNXT), and recently-acquired Philsar Semiconductor Inc., a leading provider of RF components for personal wireless connectivity, will announce details of a family of next-generation Bluetooth(TM) system solutions at this week's Bluetooth Congress 2000 conference in Monte Carlo. Designed for wireless devices such as cellular phones, personal digital assistants (PDAs) and mobile computers, the combined solutions will be targeted for applications that need short-range mobile data access along with robust performance and low power consumption. Commencing in the fourth calendar quarter of this year, Conexant will deliver the first product of what will be a wide array of Bluetooth solutions to meet specific market segment requirements for performance, cost and integration. Based on Philsar's RF leadership and Conexant's broad communications portfolio and systems design expertise, the Bluetooth offering will include a family of radio components, a variety of single- and two-chip system solutions and a complete software protocol stack The set of protocols used in a communications network. A protocol stack is a prescribed hierarchy of software layers, starting from the application layer at the top (the source of the data being sent) to the data link layer at the bottom (transmitting the bits on the wire). including application profiles. The combined solutions will offer manufacturers a consistent development environment, low bill-of-materials and manufacturing costs, and provide the autonomy, ease-of-use and affordability which consumers need in personal wireless connectivity applications. "Bluetooth technology is poised to become a key standard for personal area networks of the future, and we plan to take a unique approach to the Bluetooth market," said Moiz Beguwala, senior vice president and general manager, Conexant Systems Inc. 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. Division. "In addition to providing Bluetooth components, we will deliver full system solutions integrated with other communications products using Conexant devices. Conexant's synergistic portfolio of communications solutions will bring wireless capability to a variety of products, and enable such applications as transmitting digital photos directly to your mobile PC using a Bluetooth-equipped camera or downloading email from your cell phone to your laptop on the go." Conexant's broad communications product offering encompasses wireless, Internet access See how to access the Internet. , home networking, imaging, set-top appliance and related technologies. Each of these technologies is expected to play a key role in enabling next-generation, short-range wireless networks of digital communications Transmitting text, voice and video in binary form. See communications. appliances, also known as personal area networks. Conexant plans to incorporate Bluetooth technology into products from multiple divisions, and develop Bluetooth-enabled semiconductors for a variety of communications products including cable modems cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. , home networking products, digital imaging devices and advanced mobile terminals supporting voice and data services. Combined with Philsar's world-class Bluetooth portfolio, Conexant's expertise in wireless systems design, and its diverse process portfolio uniquely position the company to be a leading supplier of Bluetooth component and system solutions. Conexant's established relationships with key mobile phone, PC and communication equipment manufacturers also provide a strong foundation for its entry into the Bluetooth market. "This family of product offerings will demonstrate the value of Conexant's acquisition of Philsar and the combined capability to develop truly market-ready Bluetooth component and system solutions," said Mike O'Neill Mike O'Neill is the name of:
About Bluetooth Bluetooth is an open specification for short-range wireless connectivity and networking that is supported by more than 1,600 companies worldwide. Industry analyst firm Cahners In-Stat Group projects that worldwide Bluetooth-enabled equipment sales will grow to 126 million units in 2002, with semiconductor sales for Bluetooth products growing to more than $1.3 billion in 2002. 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 press release contains statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results of the company (including certain projections and business trends) that are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. 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 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, 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. About Philsar Philsar Semiconductor, a leading developer of Bluetooth and related technology for the personal wireless connectivity market, delivers ultra-low power, highly configurable, high performance chipsets for a mobile and handheld computing, home and enterprise wireless connectivity and other emerging markets. For more information on Philsar, visit us at www.philsar.com. Philsar Semiconductor was recently acquired by Conexant Systems Inc. and will be positioned to expand the Bluetooth offerings of Conexant's Wireless Communications Division. |
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