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Exhibit 99.1
News Release
Contact Information
Kristyn Hutzell (Investors) Kristy Needham
TF/Carson Alan Weinkrantz & Co.
415-617-2543 210-820-3070 x102
[email protected] [email protected]
Betty Watkins (Media) Liat Hod
Zoran Corporation Nogatech, Inc.
408-919-4273 408-562-6200
[email protected] [email protected]
ZORAN CORPORATION AND NOGATECH, INC. ANNOUNCE SUCCESSFUL COMPLETION OF MERGER
Santa Clara, Calif. - October 25, 2000 - Zoran Corporation (Nasdaq: ZRAN),
and Nogatech, Inc. (Nasdaq: NGTC), announced the successful completion of the
merger of Nogatech Inc. as a wholly-owned subsidiary of Zoran Corporation.
ABOUT NOGATECH
Nogatech, Inc. provides chips that compress digital video images and
establish connections, or video connectivity, between video devices and
computers, as well as between video devices across a variety of networks.
Nogatech's products enable real-time transmission of video, audio and data
signals into personal computers and handheld personal computing devices known
as personal digital assistants. Nogatech also supports its customers by
providing complete reference design kits and software drivers. This includes
multiple platform support for PC, Windows CE, and Macintosh computer systems
and applications. With headquarters in Santa Clara, California, Nogatech also
maintains a research and development facility outside of Tel Aviv, Israel.
Additional information is available on the World Wide Web at www.nogatech.com.
ABOUT ZORAN CORPORATION
Zoran Corporation, based in Santa Clara, California, is a leading provider of
digital solutions-on-a-chip for applications in the growing multimedia and
Internet consumer markets. With almost two decades of expertise developing
and delivering digital compression technologies, Zoran has pioneered
high-performance processing into various audio, video, and imaging
technologies. Zoran's proficiency in integration delivers major benefits for
OEM customers, including greater capabilities within each product generation,
reduced system costs, and shorter time to market. Zoran is a leading supplier
in the rapidly expanding DVD and digital camera markets and in related
digital audio and video applications. With headquarters in the U.S. and
operations in Canada, China, Israel, Japan, and Taiwan, Zoran may be
contacted on the World Wide Web at www.zoran.com or at 408-919-4111.
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