As a key indicator of the robust growth of the DOCSIS®/
EuroDOCSIS™ 3.0 technology market, Microtune, Inc.® (NASDAQ: TUNE)
announced today that it has shipped more than 7.5 million wideband
tuners for use in DOCSIS 3.0-based devices.
Leading cable equipment suppliers have built their DOCSIS 3.0
equipment around Microtune’s MT2170 wideband tuner and its
companion product, the MT1570 wideband upstream amplifier.
Customers’ ground-breaking products have ranged from data-only
cable modems and voice-and-data routers to high-end IPTV gateways.
All leverage channel bonding techniques to achieve downstream data
rates of 160 Mbps or higher, with the potential to deliver a range
of new Internet protocol (IP) services that is now only beginning
to be realized.
“Collaborating with Microtune on our extended line of DOCSIS
3.0-based products ensures that our worldwide customers can deliver
the highest quality data and voice experience today and be assured
of their ability to accommodate sufficient bandwidth to support the
converged IP video services of tomorrow," said Bruce McClelland,
President, ARRIS Broadband Communications Systems.
“The DOCSIS 3.0 specifications have proven a significant
catalyst for cable market growth and innovation, and it continues
to transform the worldwide industry,” said James A. Fontaine, President and Chief
Executive Officer of Microtune. “Our proven tuners and amplifiers
are providing the foundation for our customers’ DOCSIS 3.0 product
lines, which in turn, makes it easy for them to evolve new wideband
features and services as the DOCSIS 3.0 network rollout continues
its momentum.”
“DOCSIS 3.0-certified equipment has become an integral component
in the cable industry’s strategy to meet the growing demand for
high-bandwidth services such as IP video,” said Mike Paxton,
Principal Analyst, In-Stat. “In addition, most cable TV operators
believe that they are just at the beginning of their DOCSIS 3.0
product deployment curve.”
CableLabs®’ DOCSIS 3.0 specifications enable downstream data
rates of 160 Mbps or higher and upstream data rates of 120 Mbps or
higher.
MICROTUNE AT SCTE DOCSIS 3.0-based products containing
Microtune technology will be displayed in its booth (Booth 525) at
the upcoming SCTE Cable-Tec Expo® 2010 to be held October 20-23,
2010 in New Orleans, LA.
FOR MORE DOCSIS 3.0 MARKET OR PRODUCT INFORMATION For
more information about Microtune’s DOCSIS 3.0 products or its
complete suite of radio frequency (RF) solutions for the cable
television market, visit the Company’s website at
www.microtune.com.
ABOUT MICROTUNE Microtune, Inc. is a receiver solutions
company that designs and markets advanced radio frequency (RF) and
demodulator electronics for worldwide customers. Its products,
targeted to the cable, digital television and automotive
entertainment markets, are engineered to deliver high-performance
and reliable video, voice and data signals across a diverse range
of end products, from HDTVs, set-top boxes and cable modems to car
radios. Microtune is headquartered in Plano, Texas, with key design
and sales centers located around the world. The website:
www.microtune.com or www.microtune.cn.
Cautionary Statement Regarding Forward-Looking
Statements
This document contains certain forward-looking statements about
Microtune, Inc. (“Microtune”) that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements.
These factors include, but are not limited to: (1) the occurrence
of any event, change or other circumstances that could give rise to
the termination of the merger agreement; (2) the outcome of any
legal proceedings that have been and may be instituted against
Microtune and others following announcement of the proposal or the
merger agreement; (3) the inability to complete the merger due to
the failure to obtain stockholder approval, (4) the inability to
obtain necessary regulatory approvals required to complete the
merger; (5) the risk that the proposed transaction disrupts current
plans and operations and the potential difficulties in employee
retention as a result of the merger; (6) the ability to recognize
the benefits of the merger or of any combination of Microtune and
Zoran Corporation; (7) the timing of the initiation, progress or
cancellation of significant contracts or arrangements, the mix and
timing of services sold in a particular period; and (8) the
possibility that Microtune may be adversely affected by other
economic, business, and/or competitive factors. Except as required
by law, Microtune is under no duty to update any of the
forward-looking statements after the date of this document to
conform to actual results.
These and other risks that are set forth in the “Risk Factors,”
“Legal Proceedings” and “Management's Discussion and Analysis of
Financial Condition and Results of Operations” sections of and
elsewhere in Microtune’s Annual Report on Form 10-K for the year
ended December 31, 2009 and Microtune’s most recent Quarterly
Report on Form 10-Q for the quarter ended June 30, 2010, each as
filed with the Securities and Exchange Commission. Many of the
factors that will determine the outcome of the subject matter of
this document are beyond Microtune’s ability to control or
predict.
Important Additional Information Regarding the Zoran Merger
with Microtune that will be filed with the SEC.
On September 23, 2010, Microtune, Inc. (“Microtune”) filed with
the Securities and Exchange Commission (the “SEC”) a preliminary
proxy statement in connection with the proposed merger with Zoran
Corporation, pursuant to which Microtune would be acquired by Zoran
Corporation (the “Merger”) and intends to file a definitive proxy
statement with the SEC. Investors and stockholders are urged to
read the preliminary proxy statement carefully and, when it becomes
available, the definitive proxy statement as well as any other
relevant documents filed with the SEC when they become available
because they will contain important information about the merger
and the parties to the merger. The information in the preliminary
proxy statement is not complete and may be changed. Before making
any voting or investment decisions with respect to the proposed
merger or any of the other matters with respect to which
Microtune’s stockholders will be asked to vote pursuant to the
proxy statement, Microtune’s stockholders are urged to read the
definitive proxy statement and other documents filed by Microtune
when they become available. Investors and stockholders may obtain a
free copy of the preliminary proxy statement and the definitive
proxy statement (when available) and other documents filed by
Microtune at the SEC website at http://www.sec.gov. The preliminary
proxy statement, definitive proxy statement (when available) and
other documents also may be obtained for free at Microtune’s
Internet website at www.microtune.com or from Microtune by
contacting Investor Relations by telephone at 972-673-1850 or by
mail at Microtune, Inc., 2201 10th Street, Plano, Texas, 75074,
Attn: Investor Relations Department. In connection with the special
meeting of Microtune stockholders to approve the adoption of the
merger agreement, Microtune will mail copies of the definitive
proxy statement to Microtune stockholders who are entitled to
attend and vote at the special meeting.
Microtune and Zoran and their respective directors, executive
officers and other members of their management and employees, under
SEC rules, may be deemed participants in the solicitation of
proxies from Microtune stockholders in connection with the proposed
Merger. Information regarding Zoran's directors and officers is
available in Zoran's proxy statement for its 2010 annual meeting of
stockholders and Zoran's 2009 Annual Report on Form 10-K, which
were filed with the SEC on April 29, 2010 and March 1, 2010,
respectively. Information concerning the interests of Microtune’s
participants in the solicitation, which may, in some cases, be
different than those of Microtune stockholders generally, is set
forth in Microtune’s proxy statement for its 2010 Annual Meeting of
Stockholders, which was filed with the SEC on April 9, 2010 and
available on Microtune's website at www.microtune.com and is also
set forth in the preliminary proxy described above and will be set
forth in the definitive proxy statement relating to the merger when
it becomes available.
TRANSLATIONS Microtune has only reviewed the
English-language version of this press release for accuracy and is
not responsible for the accuracy of statements in subsequently
translated versions of this document. Readers are strongly advised
to review the English-language version of this press release.
EDITOR’S NOTE:
Microtune is a registered trademark and MicroTuner is a
trademark of Microtune, Inc. Copyright © 2010 Microtune, Inc. All
rights reserved. All other trademarks are the property of their
respective holders.
DOCSIS AND CABLELABS ARE TRADEMARKS OF CABLE TELEVISION
LABORATORIES, INC.
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