Conexant Systems, Inc.

Conexant Systems, Inc. (NASDAQ: CNXT) is a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home. Conexant's innovative semiconductor system solutions enable global access networks, and are driving digital home information and entertainment networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop leading integrated silicon solutions for broadband access and media processing networks.

Conexant was launched as an independent entity in January 1999 after Rockwell International Corp. spun off its Rockwell Semiconductor System business to shareowners. The company has steadily expanded its customer base, leveraging its expertise in mixed-signal processing to deliver integrated systems and semiconductor products that are driving broadband communications and the digital home. Conexant's merger with GlobespanVirata in February 2004 created an industry powerhouse that now enables the seamless delivery of broadband information between public access networks and the digital homes and businesses they serve.

Conexant designs, develops and sells semiconductor system solutions that connect personal access products such as set-top boxes, residential gateways, PCs and game consoles to voice, video and data processing services over broadband and dial-up connections. Key semiconductor products include digital subscriber line (DSL) and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and the company's foundation dial-up modem business.

Conexant also offers a suite of networking components that includes solutions for applications based on HomePlug and HomePNA. This family includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs that are available as standalone solutions or in conjunction with Conexant's home network processor, DSL, and cable modem semiconductor system solutions.

Enabling a worldwide access network for its personal access and digital home networking products, Conexant also builds a complete line of central office (CO) solutions, which are utilized by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines. These solutions include a full range of standards-based integrated circuits, software and reference designs for all asymmetric and symmetric DSL CO applications, and have been recognized time and again as the industry's number one copper wire solutions for broadband communications.

Conexant recently completed the final step in its focused business creation strategy. In the process Conexant has created four independent companies; Skyworks Solutions Inc.™, Jazz Semiconductor™, Mindspeed Technologies™ and the continuing Conexant. Skyworks Solutions Inc., the leading wireless semiconductor company was created in a merger with Alpha Industries Inc. and is now traded on the NASDAQ exchange under the ticker symbol "SWKS". Jazz Semiconductor, Conexant's former wafer fabrication facility, is a privately held specialty wafer foundry which is expected to become public in 2004. Mindspeed Technologies develops semiconductors for use in Internet infrastructure. Mindspeed is publicly traded on the NASDAQ exchange under the ticker symbol "MSPD".

Conexant Systems Inc. is a fabless semiconductor company and has approximately 2,400 employees. The company is headquartered in Newport Beach, Calif.