|[September 27, 2010]
Microtune® Ships More Than 7.5 Million Wideband Tuners for Use in DOCSIS®/EuroDOCSIS™ 3.0-Based Devices
PLANO, Texas --(Business Wire)--
As a key indicator of the robust growth of the DOCSIS®/
3.0 technology market, Microtune (News - Alert), Inc.® (NASDAQ: TUNE)
announced today that it has shipped more than 7.5 million wideband
tuners for use in DOCSIS 3.0-based devices.
Leading cable equipment suppliers have built their DOCSIS 3.0 equipment
around Microtune's MT2170
wideband tuner and its companion product, the MT1570
wideband upstream amplifier. Customers' ground-breaking products
have ranged from data-only cable modems and voice-and-data routers to
high-end IPTV (News - Alert) gateways. All leverage channel
bonding techniques to achieve downstream data rates of 160 Mbps or
higher, with the potential to deliver a range of new Internet protocol
(IP) services that is now only beginning to be realized.
"Collaborating with Microtune on our extended line of DOCSIS 3.0-based
products ensures that our worldwide customers can deliver the highest
quality data and voice experience today and be assured of their ability
to accommodate sufficient bandwidth to support the converged IP video
services of tomorrow," said Bruce McClelland, President, ARRIS
Broadband Communications Systems (News - Alert).
"The DOCSIS 3.0 specifications have proven a significant catalyst for
cable market growth and innovation, and it continues to transform the
worldwide industry," said James
A. Fontaine, President and Chief Executive Officer of Microtune.
"Our proven tuners and amplifiers are providing the foundation for our
customers' DOCSIS 3.0 product lines, which in turn, makes it easy for
them to evolve new wideband features and services as the DOCSIS 3.0
network rollout continues its momentum."
"DOCSIS 3.0-certified equipment has become an integral component in the
cable industry's strategy to meet the growing demand for high-bandwidth
services such as IP video," said Mike
Paxton, Principal Analyst, In-Stat.
"In addition, most cable TV operators believe that they are just at the
beginning of their DOCSIS 3.0 product deployment curve."
CableLabs (News - Alert)®' DOCSIS 3.0 specifications enable downstream data rates of
160 Mbps or higher and upstream data rates of 120 Mbps or higher.
MICROTUNE AT SCTE DOCSIS 3.0-based products ontaining Microtune
technology will be displayed in its booth (Booth 525) at the upcoming SCTE
Cable-Tec Expo® 2010 to be held October 20-23, 2010 in
New Orleans, LA.
FOR MORE DOCSIS 3.0 MARKET OR PRODUCT INFORMATION For more
information about Microtune's DOCSIS 3.0
products or its complete suite of radio frequency (RF) solutions for
the cable television market, visit the Company's website at www.microtune.com.
ABOUT MICROTUNE Microtune, Inc. is a receiver solutions company
that designs and markets advanced radio frequency (RF) and demodulator
electronics for worldwide customers. Its products, targeted to the
cable, digital television and automotive entertainment markets, are
engineered to deliver high-performance and reliable video, voice and
data signals across a diverse range of end products, from HDTVs, set-top
boxes and cable modems to car radios. Microtune is headquartered in
Plano, Texas, with key design and sales centers located around the
world. The website: www.microtune.com
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about
Microtune, Inc. ("Microtune") that are subject to risks and
uncertainties that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements. These
factors include, but are not limited to: (1) the occurrence of any
event, change or other circumstances that could give rise to the
termination of the merger agreement; (2) the outcome of any legal
proceedings that have been and may be instituted against Microtune and
others following announcement of the proposal or the merger agreement;
(3) the inability to complete the merger due to the failure to obtain
stockholder approval, (4) the inability to obtain necessary regulatory
approvals required to complete the merger; (5) the risk that the
proposed transaction disrupts current plans and operations and the
potential difficulties in employee retention as a result of the merger;
(6) the ability to recognize the benefits of the merger or of any
combination of Microtune and Zoran Corporation; (7) the timing of the
initiation, progress or cancellation of significant contracts or
arrangements, the mix and timing of services sold in a particular
period; and (8) the possibility that Microtune may be adversely affected
by other economic, business, and/or competitive factors. Except as
required by law, Microtune is under no duty to update any of the
forward-looking statements after the date of this document to conform to
These and other risks that are set forth in the "Risk Factors," "Legal
Proceedings" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of and elsewhere in
Microtune's Annual Report on Form 10-K for the year ended December 31,
2009 and Microtune's most recent Quarterly Report on Form 10-Q for the
quarter ended June 30, 2010, each as filed with the Securities and
Exchange Commission. Many of the factors that will determine the outcome
of the subject matter of this document are beyond Microtune's ability to
control or predict.
Important Additional Information Regarding the Zoran Merger with
Microtune that will be filed with the SEC (News - Alert).
On September 23, 2010, Microtune, Inc. ("Microtune") filed with the
Securities and Exchange Commission (the "SEC") a preliminary proxy
statement in connection with the proposed merger with Zoran Corporation,
pursuant to which Microtune would be acquired by Zoran Corporation (the
"Merger") and intends to file a definitive proxy statement with the SEC.
Investors and stockholders are urged to read the preliminary proxy
statement carefully and, when it becomes available, the definitive proxy
statement as well as any other relevant documents filed with the SEC
when they become available because they will contain important
information about the merger and the parties to the merger. The
information in the preliminary proxy statement is not complete and may
be changed. Before making any voting or investment decisions with
respect to the proposed merger or any of the other matters with respect
to which Microtune's stockholders will be asked to vote pursuant to the
proxy statement, Microtune's stockholders are urged to read the
definitive proxy statement and other documents filed by Microtune when
they become available. Investors and stockholders may obtain a free copy
of the preliminary proxy statement and the definitive proxy statement
(when available) and other documents filed by Microtune at the SEC
website at http://www.sec.gov.
The preliminary proxy statement, definitive proxy statement (when
available) and other documents also may be obtained for free at
Microtune's Internet website at www.microtune.com
or from Microtune by contacting Investor Relations by telephone at
972-673-1850 or by mail at Microtune, Inc., 2201 10th Street, Plano,
Texas, 75074, Attn: Investor Relations Department. In connection with
the special meeting of Microtune stockholders to approve the adoption of
the merger agreement, Microtune will mail copies of the definitive proxy
statement to Microtune stockholders who are entitled to attend and vote
at the special meeting.
Microtune and Zoran and their respective directors, executive officers
and other members of their management and employees, under SEC rules,
may be deemed participants in the solicitation of proxies from Microtune
stockholders in connection with the proposed Merger. Information
regarding Zoran's directors and officers is available in Zoran's proxy
statement for its 2010 annual meeting of stockholders and Zoran's 2009
Annual Report on Form 10-K, which were filed with the SEC on April 29,
2010 and March 1, 2010, respectively. Information concerning the
interests of Microtune's participants in the solicitation, which may, in
some cases, be different than those of Microtune stockholders generally,
is set forth in Microtune's proxy statement for its 2010 Annual Meeting
of Stockholders, which was filed with the SEC on April 9, 2010 and
available on Microtune's website at www.microtune.com
and is also set forth in the preliminary proxy described above and will
be set forth in the definitive proxy statement relating to the merger
when it becomes available.
TRANSLATIONS Microtune has only reviewed the English-language
version of this press release for accuracy and is not responsible for
the accuracy of statements in subsequently translated versions of this
document. Readers are strongly advised to review the English-language
version of this press release.
Microtune is a registered trademark and MicroTuner is a trademark of
Microtune, Inc. Copyright © 2010 Microtune, Inc. All rights reserved.
All other trademarks are the property of their respective holders.
DOCSIS AND CABLELABS ARE TRADEMARKS OF CABLE TELEVISION LABORATORIES,
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