SAN JOSE and NEWPORT BEACH, Calif., July 11, 2000 - Cisco Systems, Inc. (NASDAQ: CSCO) and Conexant Systems, Inc. (NASDAQ: CNXT) today jointly announced their support for the new V.92 dial-up modem standard that was presented last week to the International Telecommunications Union (ITU) for determination.
Cisco Systems and Conexant each contributed key technologies to the new V.92 dial-up modem specification, which significantly reduces the time it takes to establish a dial-up connection, improves upload rates, and adds the ability to receive and initiate phone calls during a dial-up modem session. Additionally, Conexant will be hosting a Plugfest testing event in September to promote interoperability between V.92 products from a wide variety of manufacturers.
"Cisco's market leadership in remote access servers and concentrators is based on continuous support of industry standards," said Charles Fadel, manager, product marketing for Cisco Systems' Remote Access Product Division. "We believe the new V.92 modem specifications will offer significant enhancements for the integration of data and voice."
"We are pleased to have played a leading role in bringing this important new technology to Internet users throughout the world," said Matt Rhodes, senior vice president and general manager for Conexant's Personal Computing Division. "The dial-up modem remains the most ubiquitous Internet access solution available, and we continue to develop new ways to make it faster and easier to use, while enabling an even richer Internet connectivity experience. With our upcoming Plugfest testing event, we are committed to ensuring the same kind of widespread interoperability for V.92 products that has made so many generations of modem products so successful."
Conexant and Cisco were among the driving forces behind the modem standards development arm in the ITU, which is a worldwide industry body of communications companies that define communications standards such as V.92. V.92 encompasses a number of specifications including QuickConnect, which dramatically improves how quickly users can connect with their Internet Service Provider (ISP), and modem-on-hold, which enables users to suspend and re-activate their dial-up connection to either receive or initiate a call, without having to implement the entire dial-up sequence again. V.92 also includes a capability called pulse code modulation (PCM) upstream, which boosts the upstream data rates from the user to the ISP to reduce transfer times for large files and email attachments sent by the user.
Conexant is the world's largest supplier of both client-side and central-site modem solutions. Its client-side modem solutions include full-hardware modems, full-software modems, host-controlled modems, modems with universal serial bus (USB) support, and modems that combine audio and modem support in a single solution. Its central-site solutions include the AnyPort family of access processors, which leverage Conexant's modem expertise along with the company's broad portfolio of fax, voice, ISDN, wireless and other access technologies.About Cisco Systems
Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide leader in networking for the Internet. at www.cisco.com.About Conexant Systems, Inc.
With a revenue run-rate of approximately $2 billion per year, Conexant is the world's largest independent company focused exclusively on providing semiconductor solutions for communications electronics. With more than 30 years of experience in developing communications technology, the company draws upon its expertise in mixed-signal processing to deliver integrated systems and semiconductor products for a broad range of communications applications. These products facilitate communications worldwide through wireline voice and data communications networks, cordless and cellular wireless telephony systems, personal imaging devices and equipment, and emerging cable and wireless broadband communications networks. The company aligns its business into five product platforms: Network Access, Wireless Communications, Digital Infotainment, Personal Imaging, and Personal Computing. Conexant is a member of the S&P 500 and Nasdaq-100 Indices. For more information, visit Conexant at www.conexant.com.Safe Harbor Statement
This press release contains statements relating to future results of the company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: global and market conditions, including, but not limited to, the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability and extent of utilization of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful implementation of the company's diversification strategy; labor relations of the company, its customers and suppliers; timely completion of Year 2000 modifications by the company and its key suppliers and customers; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.
QuickConnect is a trademark of Conexant Systems Inc.