Date Set for Stockholder Meeting on Merger Between TelCom Semiconductor and Microchip Technology.Business Editors/High-Tech Writers CHANDLER, Ariz.--(BUSINESS WIRE)--Dec. 6, 2000 Microchip Technology  Microchip Technology (NASDAQ: MCHP) is a manufacturer of microcontroller, memory and analog semiconductors, founded in 1989 when Inc. (Nasdaq:MCHP MCHP Maryland Children's Health ProgramMCHP Microchip Technologies (stock symbol) MCHP Micro-sized Combined Heat and Power (American Honda Motor Co. & Climate Energy, LLC) MCHP Maine Community Heritage Project ) and TelCom Semiconductor Inc. (Nasdaq:TLCM TLCM Through-Life Capability Management TLCM Tivoli Licensing Compliance Manager (IBM) TLCM Tivoli License Compliance Manager TLCM Top Load Configurable Monopole (antenna) ) Wednesday announced that Jan. 16, 2001 has been set as the date for TelCom's special stockholder meeting to approve the pending merger between Microchip and TelCom. The special meeting of TelCom stockholders will be held at the TelCom offices at 1300 Terra Bella Ave., Mountain View, Calif., at 10:00 a.m. pacific time. Stockholders of record of TelCom as of the close of business on Nov. 27, 2000 will be entitled to vote at the meeting. On or about Dec. 7, 2000, TelCom stockholders of record will be sent a copy of the definitive proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other for the meeting. Microchip and TelCom management currently anticipates the transaction to close by the end of January 2001. This release is being made for informational purposes only and is not intended to be a solicitation of proxies for the proposed transaction. This release contains forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the timing of the closing of the transaction. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: failure of the transaction to close due to the failure to obtain stockholder approvals; or general economic conditions. Microchip Technology Inc. manufactures the widely popular PICmicro(R) RISC RISC in full Reduced Instruction Set Computing Computer architecture that uses a limited number of instructions. RISC became popular in microprocessors in the 1980s. microcontrollers which serve 8- and 16-bit embedded control applications. Specializing in field-programmable and mixed-signal solutions, the company also offers complementary microperipheral products including stand-alone analog, interface and microID(TM) RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. devices; serial EEPROMs; and the patented KEELOQ(R) security devices. This synergistic product portfolio targets thousands of applications and a growing demand for high-performance designs in the automotive, communications, computing, consumer and industrial control markets. The company's quality systems are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 (1994 version) and QS9000 (1998 version) certified. Microchip is headquartered near Phoenix in Chandler, with semiconductor fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facilities in Arizona and Washington; and assembly and test operations near Bangkok, Thailand. Microchip employs approximately 3,100 people worldwide and has sales offices throughout Asia, Europe, Japan and the Americas. More information on the company can be found at www.microchip.com. TelCom Semiconductor Inc. designs, develops and markets a broad spectrum of high-performance linear and mixed-signal integrated circuit A mixed-signal integrated circuit combines analog circuits with digital signal processing (DSP) circuits on a single semiconductor die. An integrated circuit that includes both analog and digital circuitry (but no DSP), like a 555 timer, is generally not considered a mixed-signal solutions. The company's product offering is focused in three main product families: power management, thermal management, and linear/mixed signal devices. These integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. are used worldwide in a range of applications in the wireless communications, computing, consumer electronics, networking, industrial and other markets. TelCom's revenue for 1999 was $57.3 million. Company and product information can be accessed on the company's website at www.telcom-semi.com. You are argued to read the proxy statement-prospectus included in Microchip's Registration Statement on Form S-4 in connection with the merger of Microchip Technology Inc. and TelCom Semiconductor Inc. filed with the SEC because the proxy statement-prospectus and the Registration Statement on Form S-4 contain important information. You can obtain copies of the proxy statement-prospectus and the Registration Statement on Form S-4 and any other relevant documents, for free at the SEC's web site (www.sec.gov), and the copies of reports, proxy statements and other information regarding Microchip or TelCom filed with the SEC are available free from the companies. Requests for documents relating to TelCom should be directed to TelCom Semiconductor Inc., 1300 Terra Bella Ave, Mountain View, CA 94039, Attention: Investor Relations Investor relations The process by which the corporation communicates with its investors. , Tel: 650/215-5213. Requests for documents relating to Microchip should be directed to Microchip Technology Inc., 2355 West Chandler Blvd., Chandler, AZ 85224, Attention: Investor Relations, Tel: 480/792-7200. The Microchip logo and name, PICmicro, and KEELOQ(R) are registered trademarks of Microchip Technology Inc. microID(TM) is a trademark of Microchip Technology Inc. All rights reserved. |
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