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Technology Stocks : CNXT the moderated thread

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To: Bernard Levy who started this subject8/23/2000 8:22:30 AM
From: bob zagorin  Read Replies (1) of 150
 
Conexant and Nintendo Partner to Deliver Internet Connectivity for Next-Generation Video Gaming

NEWPORT BEACH, 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, 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 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, 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 Division.

"Conexant helped to re-shape personal computing in the 1990s with our low-cost, dial-up modem technology for Internet access and online connectivity, and now we are helping industry-leading consumer companies like Nintendo do the same for video gaming."

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, 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 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 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; 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, 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.

--30--EZ/np NK/np

CONTACT:

Conexant Systems Inc., Newport Beach

Lisa Thielmann Briggs, 949/483-1148

lisa.briggs@conexant.com

or

Benjamin Group/BSMG Worldwide

Heather McLaughlin, 949/260-1300

heather-mclaughlin@benjamingroup.com
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