IP investments part of MaxLinear's TAM expansion effort
CARLSBAD, Calif., Jul 06, 2011 (BUSINESS WIRE) --
MaxLinear, Inc. (NYSE:MXL), a
leading provider of integrated radio frequency (RF) and mixed-signal
integrated circuits for broadband communication applications, today
announced that it has made a substantial investment to expand its TAM by
securing IP and software related to connectivity technologies, including
the acquisition of MoCA(R) (Multimedia over Coax Alliance) Physical Layer
IP and Connectivity related software IP licenses. "The investment in
these technologies represents exciting progress in MaxLinear's TAM
expansion effort into new communications platforms. In addition, it
expands our footprint on Broadband platforms where we have already
established a strong presence," said Kishore Seendripu, Ph.D., Chairman
and Chief Executive Officer of MaxLinear, Inc.
The MoCA(R) standard enables the distribution of high quality digital
multimedia content throughout the home over existing coaxial cable,
enabling subscribers to securely access, store and share a wide array of
digital media content, including HD programs, video-on-demand, HD DVR
recordings, Internet content, video, music, photos and voice over IP.
"Adding MoCA functionality to MaxLinear's established footprint in
DSP-Enhanced front-end solutions represents a unique opportunity to
create significant power and die-size benefits for our Gateway and
Set-Top Box customers," said Patrick Tierney, Senior Director of Product
Line Marketing of MaxLinear, Inc.
These IP investments are currently anticipated to result in research and
development charges of approximately $3.4 million and $700,000 in
MaxLinear's fiscal second and third quarters of 2011, respectively.
Management will provide more details regarding these licensing
investments on MaxLinear's quarterly conference call at 1:30 p.m.
Pacific Time, 4:30 p.m. Eastern Time, on Thursday, July 28, 2011,
following the release of MaxLinear's financial results for the second
quarter of 2011. MaxLinear will issue additional information about the
quarterly conference call, including access information, in a subsequent
About MaxLinear, Inc.
MaxLinear, Inc. is a leading provider of radio-frequency and
mixed-signal semiconductor solutions for broadband communication
applications. MaxLinear is located in Carlsbad, California, and its
address on the Internet is www.maxlinear.com.
MxL and the MaxLinear logo are trademarks of MaxLinear, Inc. Other
trademarks appearing herein are the property of their respective owners.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.Forward-looking
statements include, among others, our announcement of new intellectual
property licenses as well as our expectations concerning our ability to
expand our target addressable market, or TAM, with these licensed
technologies.These statements involve known and unknown risks,
uncertainties, and other factors that may cause actual results to be
materially different from any future results expressed or implied by the
forward-looking statements.Forward-looking statements are based
on management's current, preliminary expectations and are subject to
various risks and uncertainties, including, among others, intense
competition in our industry; uncertainties concerning how end user
markets for our products will develop, particularly with respect to our
efforts to address markets that we have not previously targeted;
uncertainty concerning the impact of the recent earthquake, tsunami, and
nuclear crisis on our Japanese revenues and anticipated revenues from
Japanese camera manufacturers; our lack of long-term supply contracts
and dependence on limited sources of supply; and potential decreases in
average selling prices for our products.In addition to these
risks and uncertainties, investors should review the risks and
uncertainties contained in our filings with the Securities and Exchange
Commission (SEC), including our most recent Annual Report on Form 10-Q.
SOURCE: MaxLinear, Inc.
MaxLinear, Inc. Investor Relations Contacts:
The Blueshirt Group
Suzanne Craig, 415-217-4962
Danielle Ginach, 415-217-4964
MaxLinear Inc. Corporate Contact:
Adam Spice, 760-692-0711
Chief Financial Officer