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LEVEL ONE COMMUNICATIONS ANNOUNCES FILING FOR PUBLIC OFFERING OF 2,800,000 SHARES OF COMMON STOCK

 FOLSOM, Calif., Jan. 13 /PRNewswire/ -- Level One Communications Inc. (NASDAQ: LEVL) today announced the filing of a Registration Statement with the Securities and Exchange Commission relating to a proposed public underwritten offering of 2,800,000 shares of common stock. The company will offer 1,110,168 shares while an additional 1,689,832 shares will be offered on behalf of certain stockholders of the company. The above share amounts reflect the company's previously announced 3-for-2 stock split, which has a payment date of Jan. 20, 1994. The offering will be underwritten by Alex, Brown & Sons Inc., Robertson Stephens & Co. and Montgomery Securities.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such state. A copy of the preliminary prospectus relating to the offering may be obtained from the underwriters at the following addresses and telephone numbers:
 Alex Brown & Sons Inc., 101 California St., 46th Floor, San Francisco, CA 94111, 415-544-2800;
 Robertson, Stephens & Co., L.P., 555 California St., 26th Floor, San Francisco, CA 94104, 415-781-9700;
 Montgomery Securities, 600 Montgomery St., San Francisco, CA 94111, 415-627-2220.
 Level One designs, develops and markets mixed-signal application specific standard integrated circuit products ("ASSPs") for high-speed digital signal transmission and networking connectivity applications. Level One combines its strengths in analog and digital circuit design with its communications systems expertise to produce mixed-signal solutions with increased functionality and greater reliability, resulting in lower total system cost.
 -0- 1/13/94
 /CONTACT: Doug Sherk, 415-296-7383, or Stephanie Ferrell or Sue Rodney, 212-850-5600, all of Morgen-Walke Associates for Level One/
 (LEVL)


CO: Level One Communications Inc. ST: California IN: CPR SU: OFR

LW-TM -- SF010 -- 1146 01/13/94 14:18 EST
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Publication:PR Newswire
Date:Jan 13, 1994
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