Phoenix Announces Licensing Agreement with Toshiba

Business Wire, April 13, 1999

SAN JOSE, Calif.--(BUSINESS WIRE)--April 13, 1999--

Toshiba to Integrate Phoenix's Entire Suite of Semiconductor

IP Cores and Simulation Models into Toshiba's

System-Level Integration Offerings

Phoenix Technologies Ltd. (Nasdaq:PTEC) -- the global leader in system-level software and semiconductor intellectual property (IP) cores for computers, system-on-chip, information appliances and other connected information platforms -- today announced that Toshiba America Electronic Components, Inc. (TAEC) has signed a licensing agreement.

Under this agreement, TAEC will offer Phoenix's semiconductor IP cores and simulation models as part of TAEC's system-level integration (SLI) development capability. Phoenix's semiconductor IP includes solutions for IEEE 1394, USB, IrDA, PCI and AGP.

"One of TAEC's strengths in SLI design is ensuring fast time-to-market for our customers," stated Peter Richmond, director of SLI business development at TAEC. "Phoenix Technologies' silicon-proven semiconductor IP products will provide our customers with this significant advantage. The robustness, flexibility, and ease of implementation of Phoenix's cores were important considerations in selecting an IP provider."

"Delivering innovative products to market quickly requires companies to partner with industry leaders in areas such as IP, SLI design and high-volume manufacturing," said Laurent Gharda, vice president of marketing, Phoenix. "We are as pleased to augment TAEC's design strengths with our expertise in IP connectivity cores as we are to have TAEC help broaden the reach of Phoenix IP within the industry."

Phoenix's Semiconductor Intellectual Property Cores

Phoenix Technologies, one of the original pioneers of standards-based semiconductor IP, is the leading independent developer of silicon-proven connectivity cores and simulation models. Phoenix's parameterized IP cores are architecture- and technology-independent, providing designers with maximum flexibility while ensuring OS compatibility and easy integration.

Phoenix differentiates its product offering by subjecting its cores to the company's proprietary test methodology, a CPU-intensive verification suite that tests at the system, random and board level using millions of vectors.

These pre-verified cores allow design teams to quickly incorporate standards-based connectivity functions that deliver right-the-first-time performance. Development cost and risk are reduced, design reliability is improved, and more time can be focused on the design's custom logic.

As designers look for solutions that enable complex system-on-chip and embedded system design, pre-verified IP cores provide design teams with a significant time-to-market advantage. Phoenix's semiconductor IP can be found at the core of over 400 innovative, fast-growing applications for the Internet, telecommunications, computer, consumer electronics, industrial, and military/aerospace markets.

About Toshiba

Toshiba America Electronic Components, Inc. (TAEC) is the North American design, manufacturing, marketing and sales arm of Toshiba Corporation, a global technology innovator. TAEC is recognized as a leading supplier of semiconductor, electronic component and storage solutions.

The company delivers technology solutions that enable OEMs to develop advanced integrated products for the computing, networking, communications and digital consumer markets. In fact, its technology offerings account for more than 30 percent of the total possible components used in desktop and portable computers.

By continuing to develop leading-edge solutions that cost-effectively meet the emerging needs of the design engineering community, TAEC keeps its customers in touch with tomorrow. For additional information, please visit TAEC's web site at http://www.toshiba.com/taec.> About Phoenix

Phoenix's system-level software products are fundamental to the operation of hundreds of millions of electronic devices in use each day, including PCs, peripherals, mobile communications devices, telecommunications equipment, consumer electronics products, industrial controllers, and Internet appliances.

Phoenix's solutions enable OEMs to reduce time-to-market and increase product differentiation, while optimizing their engineering resources by licensing the Company's advanced software and integration services. Founded in 1979, Phoenix is a publicly traded international company headquartered in San Jose, California, USA. Information about Phoenix Technologies and its products is available at http://www.phoenix.com.

Note to Editors: Phoenix Technologies is a trademark and Phoenix is a registered trademark of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.