[July 21, 2008]

Mindspeed(R) Completes $10 Million Sale of Intellectual Property

(Marketwire Via Acquire Media NewsEdge) NEWPORT BEACH, CA, July 21 / MARKET WIRE/ --

Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network

infrastructure applications, today announced that it has completed the sale
of certain non-core patents for $10 million, which will be reported in the
company's fourth quarter revenues. Specific terms of the sale are
confidential.

Mindspeed has a broad intellectual property portfolio with a number of
patents, which are no longer core to its business focus. For the past year
the company has generated revenues from patent sales and expects to enter
into additional strategic non-core patent sale or licensing arrangements in
the future.

About Mindspeed Technologies?

Mindspeed Technologies, Inc. designs, develops and sells semiconductor
networking solutions for communications applications in enterprise, access,
metropolitan and wide-area networks.

The company's three key product families include high-performance analog
transmission and switching solutions, multiservice access voice-over-IP
processors designed to support voice and data services across wireline and
wireless networks and WAN communication products such as T/E carrier
transmission devices and ATM/MPLS network processors.

Mindspeed's products are used in a wide variety of network infrastructure
equipment, including voice and media gateways, high-speed routers,
switches, access multiplexers, cross-connect systems, add-drop multiplexers
and digital loop carrier equipment.

To learn more, visit us at www.mindspeed.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements include information regarding the company's expectations, goals
or intentions, including but not limited to, statements regarding future
patent sale or licensing arrangements and the company's intellectual
property portfolio. These forward-looking statements are based on
management's current expectations, estimates, forecasts and projections
about the company and are subject to risks and uncertainties that could
cause actual results and events to differ materially from those stated in

the forward-looking statements. These risks and uncertainties include, but
are not limited to: market demand for the company's new and existing
products and its ability to increase revenues; the company's ability to
further generate cash; availability and terms of capital needed for the
company's business; the company's ability to maintain operating expenses
within anticipated levels; constraints in the supply of wafers and other
product components from the company's third-party manufacturers; the
company's ability to successfully and cost effectively establish and manage
operations in foreign jurisdictions; the company's ability to attract and
retain qualified personnel; successful development and introduction of new
products; the company's ability to successfully integrate acquired
businesses and realize the anticipated benefits from such acquisitions; the
company's ability to obtain design wins and develop revenues from them;
pricing pressures and other competitive factors; industry consolidation;
order and shipment uncertainty; changes in customers' inventory levels and
inventory management practices; fluctuations in manufacturing yields;
product defects; intellectual property infringement claims by others and
the ability to protect the company's intellectual property. Risks and
uncertainties that could cause the company's actual results to differ from
those set forth in any forward-looking statement are discussed in more
detail under "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the company's Quarterly
Report on Form 10-Q for the quarter ended March 28, 2008, as well as
similar disclosures in the company's
subsequent SEC filings. Forward-looking statements contained in this press
release 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.

Contact:
Thomas Stites
Mindspeed Technologies, Inc.
(949) 579-3650

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