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To: SpudFarmer who wrote (38623)	8/25/1999 12:39:00 AM
From: DownSouth	Read Replies (2) \| Respond to of 152472

Found this on the CNXT thread: Conexant Strengthens Its Commitment to China; Company Plans to Open Wireless Communications Development Center in Shanghai and Sales Office in Beijing Business Wire - August 16, 1999 20:17 NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 16, 1999--Conexant Systems Inc. (NASDAQ:CNXT), Monday announced plans to open a Wireless Communications Development Center in Shanghai to assist domestic digital handset manufacturers in designing products for sale in China and for export to international markets. In addition, the company announced plans to open a sales office in Beijing, expanding the company's direct support to communications customers in Beijing and the North China region. Zhang Xuan, deputy director of the Foreign Affairs Department, Ministry of Information Industry, said, "Conexant is one of China's best communications partners. The fast-growing China telecom market not only needs Conexant's communications technologies and products, but also the company's extensive technical support." The Wireless Communications Development Center will allow the company to transfer technology and provide technical support to Conexant customers in China. Design center engineers will work together with customers to support board layout, system integration, software development and Full Type Approval (FTA) testing. "The opening of the Wireless Communications Development Center allows us to work more closely with our wireless customers in China, helping them to bring new products to market faster," said Dwight W. Decker, chairman and chief executive officer of Conexant. "Opening a Wireless Communications Development Center in Shanghai and a sales office in Beijing demonstrates our continuing commitment to Conexant's customers in China and our intent to expand our presence in this rapidly growing market," said Lewis Brewster, senior vice president of worldwide sales for Conexant. "We expect to have 25 Conexant employees in China by the end of the year and as many as 50 within 18 months." With revenues of more than $1.2 billion, Conexant is the world's largest independent company focused exclusively on providing semiconductor products 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 Nasdaq-100 Index, which represents the largest and most active stocks listed on The Nasdaq Stock Market across major industry groups.