Compaq Teams With Conexant to Integrate V.90 Connectivity in the iPAQ Music Center

Business Wire, August 27, 2001

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 27, 2001

Conexant Supplies Compaq with a Highly Integrated V.90 Modem Solution

That Enables the iPAQ Music Center to Add MP3 Capabilities Without a

PC

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that Compaq Computer Corp. (NYSE:CPQ) has integrated Conexant's V.90 dial-up modem technology into the Compaq iPAQ(TM) Music Center enabling users to connect and access the Internet, to identify CDs automatically, as well as to connect to the OpenGlobe(TM) Entertainment Services to learn more about artists and to purchase additional music.

With the Compaq iPAQ, consumers can store, compile and catalog more than 400 CDs or 5,000 songs or listen to streaming radio stations worldwide. It is also compatible with existing entertainment components, such as a TV and stereo.

"Compaq continues to deliver cutting-edge, user-friendly home entertainment products and services that enhance consumer's lifestyles," said Michael Brown, director and general manager, Entertainment Products, Compaq. "Combining Conexant's V.90 modem technology with our iPAQ Music Center ensures our audio entertainment products have proven integrated solutions for today's consumer."

"Compaq's iPAQ Music Center is just one example of how Conexant designs products that further merge Internet technology with home entertainment," said Akram Atallah, vice president of universal access products for Conexant's personal computing division.

"Conexant's single-chip V.90 modem device set enables quick time-to-market for a wide range of information/Internet appliances which is why it has rapidly become the modem of choice for leading Internet appliance manufacturers."

IDC, a market research firm, predicts that worldwide shipments of compressed audio players will reach 25.9 million units by 2005. "IDC believes that the market will expand significantly beyond the current set of products," said Susan Kevorkian, analyst with IDC's Consumer Devices research practice.

About Conexant

Conexant Systems, Inc. is a worldwide leader in semiconductor system solutions for communications applications. Conexant leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses: Conexant and Mindspeed Technologies.

Conexant's personal networking business is focused on wireless communications, digital infotainment and personal computing products that are used in mobile communications and the broadband digital home. Mindspeed Technologies is focused on Internet infrastructure products including WAN transport, multiservice access and broadband access for applications that extend from the edge of the Internet all the way to its optical core.

Conexant is headquartered in Newport Beach, Calif., and delivered revenues of $2.1 billion for fiscal 2000. The company is a member of the S&P 500 and NASDAQ-100 indices. To learn more, visit us at www.conexant.com or www.mindspeed.com.

Safe Harbor Statement

This news release contains statements relating to future results of Conexant (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 economic and market conditions, such as 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 separation of the company's Internet infrastructure and personal networking businesses; the ability to attract and retain qualified personnel; labor relations of the company, and its customers and suppliers; maintaining a consistent and reliable source of energy; 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.

Note to Editors: Conexant and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.