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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 18, 1999
INTEGRATED CIRCUIT SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Pennsylvania 0-19299 23-2000174
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
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2435 Boulevard of the Generals, Norristown, Pennsylvania 19403
(Address of principal executive offices)
(610) 630-5300
(Registrant's telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets.
On February 18, 1999, Integrated Circuit Systems, Inc. (the
"Company"), consummated the sale of certain intellectual property and
engineering hardware and software related to its data communications product
line to 3Com Corporation. The assets sold include customer-owned tooling (COT)
technology, patents, design databases and software programs. The Company
retained certain licensing and technical support rights and continues to sell
and support its existing and prospective fast ethernet transceiver product
family to current and new customers .
The sale was effected pursuant to an Asset Purchase Agreement (the
"Agreement"), dated as of January 15, 1999. The Agreement is incorporated by
reference into this Form 8-K as Exhibit 2.1.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
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Number Description
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*2.1 Asset Purchase Agreement dated as of January 15,
1999, by and among Integrated Circuit Systems,
Inc., ICS Technologies, Inc. and 3Com
Corporation. (Exhibit 10.2 of the Company's
Quarterly Report on Form 10-Q for the quarter
ended December 26, 1998.)
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* Incorporated by reference
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRATED CIRCUIT SYSTEMS, INC.
Date: March 3, 1999 By: /s/ Hock E. Tan
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Hock E. Tan
Senior Vice President,
Chief Financial Officer
and Chief Operating Officer
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