[opendtv] Micronas Expands Into HDTV Market With Acquisition of LINX Electronics
- From: Mark Aitken <maitken@xxxxxxxxxx>
- To: OpenDTV <opendtv@xxxxxxxxxxxxx>
- Date: Fri, 14 May 2004 13:16:11 -0400
http://www.micronas.com
0409 - 05/14/04
Micronas Expands Into HDTV Market With Acquisition of LINX Electronics
Micronas To Provide Best-In-Class ATSC Receiver Technology
*Zurich, Switzerland, May 14, 2004 -* Micronas today announced that it
has signed an agreement to acquire LINX Electronics, Inc., a fabless
semiconductor company that develops innovative digital television
solutions for improved reception of high-definition television (HDTV)
signals. This transaction, which is expected to be completed in June
2004, will enable Micronas to further expand its comprehensive TV system
solutions portfolio.
The purchase price of approximately USD 26 million will be paid in cash
and Micronas' shares. Chicago-based LINX Electronics employs a highly
acclaimed HDTV technology team of about 20 engineers and brings
complementary technology to Micronas. The purchase includes all
development activities and patents held by LINX Electronics.
"With this acquisition we have taken another decisive step forward in
our digital TV business, strengthening our position in the TV market and
providing increased value and services for our customers," said
Micronas' vice president consumer products unit, Hans-Juergen Désor.
"Our existing strength in Digital Video Broadcast (DVB) technology,
combined with the expertise gained with this acquisition, puts us in the
excellent position to shape the era of global migration from analog to
digital TV."
"HDTV is a reality now! Our technology enables an exciting new TV
experience," explained Wayne Li, co-founder of LINX Electronics. "As
part of the Micronas Group, we will be able to better serve these
markets by offering manufacturers innovative and comprehensive system
solutions for their future applications."
Since the late 1980s, the global economic superpowers have been in a
race to bring digital TV to the consumer market. Three international
standards have been created: US-ATSC (Advanced Television Systems
Committee), Europe-DVB (Digital Video Broadcast), and Japan-ISDB
(Integrated Services Digital Broadcasting). The US is currently the
largest HDTV market, with deployment accelerating due to a phase-in plan
mandated by the US Federal Communications Commission (FCC) requiring TV
manufacturers to integrate digital TV tuners into nearly all their TV
products by 2007. LINX Electronics has developed a breakthrough ATSC
compliant receiver technology that delivers superior reception to more
consumers. Typical applications include HDTVs, set-top boxes, personal
video recorders (PVRs), DVD recorders as well as PC tuner cards. LINX
Electronics has a solid background in addressing new digital TV
broadcasting formats.
*Safe Harbor Statement:* This press release contains forward-looking
statements based on current expectations or beliefs, as well as a number
of assumptions about future events. These statements and all other
statements that are not historical facts are subject to factors and
uncertainties that could cause actual results to differ materially from
those described in the forward-looking statements. The reader is
cautioned not to put undue reliance on these forward-looking statements,
which are not a guarantee of future performance and are subject to a
number of uncertainties and other factors, many of which are outside the
control of LINX and Micronas.
*For further information:*
*About Micronas*
Micronas (SWX Swiss Exchange: MASN, Frankfurt: MNSN, Prime Standard
Segment, TecDAX), a semiconductor designer and manufacturer with
worldwide operations, is a leading supplier of cutting-edge IC and
sensor system solutions for consumer and automotive electronics. As a
market leader in innovative, global TV system solutions, Micronas
leverages its expertise into new markets emerging through the
digitization of audio and video content. Micronas serves all major
consumer brands worldwide, many of them in continuous partnerships
seeking joint success. While the holding is headquartered in Zurich
(Switzerland), operational headquarters are based in Freiburg (Germany).
Currently, the Micronas Group employs about 1750 people. In 2003, it
generated CHF 767 million in sales. For more information on Micronas and
its products, please visit www.micronas.com.
--
Regards,
Mark A. Aitken Director, Advanced Technology
***********************************
Sinclair Broadcast Group
10706 Beaver Dam Road
Hunt Valley, MD 21030
Business TEL: (410) 568-1535
Business MOBILE: (443) 677-4425
Business FAX: (410) 568-1580
E-mail: maitken@xxxxxxxxxx
Text PAGE: page.maitken@xxxxxxxxxx
www.newscentral.tv
www.sbgi.net
===================================
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