MaxLinear Secures Strategic IP Licenses for MoCA and Connectivity Technologies

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IP investments part of MaxLinear's TAM expansion effort

CARLSBAD, Calif.--(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.

About MoCA(R)

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 press release.

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.

Released July 6, 2011