Thursday January 22, 12:03 pm Eastern Time
Company Press Release
Texas Instruments to Acquire Spectron Microsystems from Dialogic Corporation
PARSIPPANY, N.J.--(BUSINESS WIRE)--January 22, 1998--Dialogic Corporation (NASDAQ-DLGC), announced today that Texas
Instruments Incorporated (NYSE:TXN - news) has entered into a definitive agreement to acquire the principal assets and operations of
Spectron Microsystems, a wholly-owned subsidiary. While the specific terms are subject to closing adjustments, it is expected that the
purchase price will be in the range of $20 to $26 million. The transaction is expected to be finalized by March 1, subject to governmental
approval and conditions at closing.
Commenting on the transaction, Howard G. Bubb, president and CEO of Dialogic said, ''This transaction will permit the accelerated
development of leadership real-time operating systems for digital signal processing. This is consistent with Dialogic's interest in advancing the
development of DSP software. Further, we will continue as a user and retain certain rights to continuing development of related software
important to our business.''
Dialogic Corporation is the leading manufacturer of high performance, standards-based computer telephony (CT) components. Dialogic
products are used in voice, fax, data, voice recognition, speech synthesis, ISDN networks, Internet telephony and call center management CT
applications. The company is headquartered in Parsippany, New Jersey, with regional headquarters in Tokyo, Japan and Brussels, Belgium
and sales engineering offices worldwide. For more information, visit the Dialogic Web Site at dialogic.com.
Contact:
Dialogic Corporation
Thomas G. Amato
973-993-3000 x6813
t.amato@dialogic.com
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