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May 15, 2000

Globespan To Acquire Icompression, Inc.

COMPANY PRESS RELEASE: GlobeSpan, Inc. a leading provider of integrated circuit, software, and system designs for digital subscriber line applications, today announced that it has signed a definitive agreement to acquire iCompression, Inc., a leading developer of advanced technology for voice, video and data applications for broadband infrastructure including Voice over Packet, based in Santa Clara, CA.

By CBR Staff Writer

ICompression has developed a unique application-specific programmable processor architecture that is targeted at high-compute, high-aggregation, data set intensive algorithms. This expertise enables iCompression to break density and performance barriers, allowing the development of new products offering unprecedented functionality.

Using patented techniques and a system level design methodology iCompression’s system-on-a chip solutions achieve much higher system performance than existing industry solutions by combining dedicated cores for hardware acceleration along with customizable programmable digital signal processors (DSPs). This allows iCompression to address multiple markets by re-targeting the technology for each new product.

iCompression is currently focused on the exploding Voice over Packet market for which it is developing best in class solutions including silicon, firmware, software drivers and reference designs that will dramatically reduce customers time to market while enabling unprecedented functionality and channel density.

iCompression’s expert resources, DSP and algorithm capabilities will further enable GlobeSpan to achieve highly integrated solutions for voice, video and data applications for the DSL equipment vendors.

iCompression’s resources and capabilities will strengthen our ability to execute on our strategy to expand our product offering to DSL equipment manufacturers, said Armando Geday, GlobeSpan’s President and CEO. This strategic merger allows us to accelerate our development with fully integrated system-on-a-chip product for the VoDSL and VoIP markets.

We are pleased to join GlobeSpan, said Neal Margulis, iCompression’s CEO, We will augment their capabilities with advanced technologies, resources and products that can further enhance their market leading offerings.

GlobeSpan will exchange approximately 4.0 million shares of its common stock and plans to retain all of iCompressions’ 55 employees. The transaction is expected to close in the second quarter.

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