<PAGE> 1
EXHIBIT 99.1
[LOGO]
INVESTOR CONTACTS:
Geraldine Hench
Vice President - Finance
408 432-8888
FOR IMMEDIATE RELEASE
Michele Katz/Michael
Polyviou/ Elric
Martinez
Morgen-Walke Associates
212-850-5600
XICOR COMPLETES SALE OF MILPITAS WAFER FAB TO
STANDARD MEMS
* Xicor now a fabless semiconductor company
MILPITAS, CALIFORNIA, NOVEMBER 6, 2000 - Xicor, Inc. (NASDAQ/NMS: XICO) today
announced the completion of the sale of its Milpitas wafer fabrication assets
and inventory to Standard MEMS. The signing of the definitive sales agreement
was announced last month. Under a related agreement, Standard MEMS has become
Xicor's fourth foundry. With the sale of the Milpitas wafer fab, Xicor is now a
fabless semiconductor company.
"The completion of the sale of the Milpitas fab marks a significant milestone
for Xicor as one of our major initiatives has been realized," commented Bruce
Gray, acting President. "With the sale of our fab, 100% of our wafers will be
derived from foundries, allowing us to reduce product costs. Moreover, now that
Xicor is a fabless semiconductor company we will be able to increase our focus
on the design and marketing of new products."
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
The statements in this press release that are not historical facts are
forward-looking statements that involve risks and uncertainties. This press
release contains forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934, including statements regarding 100% of our wafers being derived from
foundries allowing Xicor to reduce product costs and increase the focus on
design and marketing of new products. Factors that could cause actual results to
differ materially include the following: general economic conditions and
conditions specific to the semiconductor industry; fluctuations in customer
demand, including loss of key customers, order cancellations or reduced
bookings; product mix; competitive factors such as pricing pressures on existing
products and the timing and market acceptance of new product introductions (both
by Xicor and its competitors); Xicor's ability to have available an appropriate
amount of low cost foundry production capacity in a timely manner; our foundry
partners' timely ability to successfully manufacture products for Xicor using
Xicor's proprietary technology; any disruptions of our foundry relationships;
manufacturing efficiencies; the ability to continue effective cost
<PAGE> 2
reductions; currency fluctuations; the timely development and introduction of
new products and submicron processes, and the risk factors listed from time to
time in Xicor's SEC reports, including but not limited to the Annual Report on
Form 10-K for the year ended December 31,1999 and the Quarterly Reports on Form
10-Q for the quarters ended April 2, 2000 and July 2, 2000 (Management's
Discussion and Analysis of Financial Condition and Results of Operations,
Factors Affecting Future Results section). Readers are cautioned not to place
undue reliance on these forward-looking statements which speak only as the date
hereof. Xicor undertakes no obligation to publicly release or otherwise disclose
the result of any revision to these forward-looking statements that may be made
as a result of events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
XICOR CORPORATE INFORMATION
Xicor designs, develops, markets and sells nonvolatile in-the-system
programmable products which retain information even when the system is turned
off or power is inadvertently lost. Xicor's product line includes digitally
controlled potentiometers (DCP's), system management IC's, and secure and
standard nonvolatile memory IC's. Xicor product, corporate and financial
information is readily accessible on the World Wide Web at http://www.xicor.com
STANDARD MEMS CORPORATE INFORMATION
Standard MEMS is a fully integrated MEMS (Micro Electro Mechanical Systems)
company that provides product design, MEMS semiconductor fabrication, end
product packaging and systems integration. The company offers concurrent
engineering and technology solutions in all areas of MEMS production, from
design through production. The company has supplied MEMS devices and MEMS-based
packaged products and sensor solutions to leading companies in various markets
segments, including Telecommunications, Medical and Biomedical, Industrial &
Automotive and Information Peripherals.
###
