Conexant to Complete Mindspeed Spin-Off Ahead of Schedule

Conexant Systems plans to complete the tax-free spin-off to shareholders of Mindspeed Technologies, Internet infrastructure business, ahead of schedule on 27-June-03. Mindspeed’s three key product families include multiservice access solutions designed to support voice and data services across wireline and wireless networks, T/E carrier physical- and link-layer solutions, and ATM/MPLS network processors, complemented by a family of high performance analog transmission devices and switching solutions. Conexant will focus on silicon for digital entertainment and information networks for the home and small office. Conexant product lines include DSL and cable modem silicon, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and its foundation dial-up modem business.
http://www.conexant.com
http://www.mindspeed.com