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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
For more information, please contact:
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<S> <C> <C>
Debbie Laudermilk James O. Fishbeck Brian D. Johnson
Investor Relations Corporate Communications Corporate Communications
Silicon Laboratories Inc. Analog Devices 3Com Corporation
512-464-9411 781-461-3282 408-326-1962
[email protected] [email protected] Brian D. [email protected]
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SILICON LABORATORIES, ANALOG DEVICES
AND 3COM SETTLE LAWSUIT
AUSTIN, TEXAS - DECEMBER 20, 2000 - Silicon Laboratories Inc. (Nasdaq:
SLAB), Analog Devices (NYSE: ADI) and 3Com Corporation (Nasdaq: COMS) today
announced that they have settled the lawsuit originally filed by Silicon
Laboratories on January 12, 2000, in the United States District Court for the
Western District of Texas (Austin Division). The settlement terms are
confidential.
SILICON LABORATORIES
Silicon Laboratories Inc. designs, manufactures and markets proprietary
high-performance mixed-signal integrated circuits (ICs) for the wireless,
wireline and optical communications industries. Silicon Laboratories is an
ISO9001-certified manufacturer and has applied for over 80 patents on its
mixed-signal technology. The company was incorporated in 1996 and is based
in Austin, Texas. Additional information about Silicon Labs is available at
www.silabs.com or through the toll-free investor relations line at
1-877-411-SLAB (7522).
ANALOG DEVICES
With revenues of $2.58 billion for fiscal 2000, Analog Devices is a leading
manufacturer of precision high-performance integrated circuits used in analog
and digital signal processing applications. The company is headquartered in
Norwood, Massachusetts. It employs approximately 9,100 people worldwide and
has manufacturing facilities in Massachusetts, California, North Carolina,
Ireland, the Philippines and Taiwan. Analog Devices' stock is listed on the
New York Stock Exchange and the company is included in the S&P 500 Index.
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Silicon Laboratories, Analog Devices and 3Com Settle Lawsuit
Page 2
3COM CORPORATION
3Com simplifies how people connect to information and service through
easy-to-use connectivity products and solutions for consumers and commercial
organizations. The company also provides access infrastructures and IP
services platforms for network service providers. For further information,
visit www.3Com.com or the press site at www.3Com.com/pressbox.
CAUTIONARY LANGUAGE
This press release may contain forward-looking statements based on Silicon
Laboratories' current expectations. These forward-looking statements involve
risks and uncertainties. A number of important factors could cause actual
results to differ materially from those in the forward-looking statements.
Silicon Laboratories believes that it is important to communicate the
company's future expectations to investors. However, there may be events in
the future that Silicon Laboratories is not able to accurately predict or
control. For a discussion of these and other factors which could impact
Silicon Laboratories' financial results and cause actual results to differ
materially from those in the forward-looking statements, please refer to
Silicon Laboratories' recent filings with the SEC, particularly the Form
8-K/A filed September 8, 2000, the Form 8-K filed August 11, 2000, the Form
10-Q filed October 16, 2000, the Form 10-Q filed July 17, 2000, the Form 10-Q
filed April 26, 2000 and the Registration Statement on Form S-1 for Silicon
Laboratories' initial public offering, as consummated on March 23, 2000.
# # #
Note to editors: Silicon Laboratories and the Silicon Laboratories logo are
trademarks of Silicon Laboratories Inc. All other product or brand names
noted herein may be trademarks of their respective holders.
