PLX Technology Board Appoints David K. Raun as President, CEO

PLX Technology Board Appoints David K. Raun as President, CEO 
Raun Also Added to the Board of Directors 
SUNNYVALE, CA -- (Marketwire) -- 12/21/12 --  PLX Technology, Inc.
(PLX(R)) (NASDAQ: PLXT), a leading global supplier of high-speed
connectivity solutions enabling emerging data center architectures,
today announced that the PLX board of directors has named David K.
Raun as its president and chief executive officer. The appointment is
effective immediately and includes a position on the company's board
of directors. Mr. Raun had previously been identified by the board in
its succession planning, was serving as interim president and CEO,
and has held multiple senior executive leadership positions at PLX
since 2004. 
"We are excited to appoint David Raun as CEO and director of PLX,"
said James Guzy, chairman of the board at PLX. "Dave has demonstrated
outstanding leadership for many years at PLX and especially during
his time as interim CEO. Despite the uncertainty caused by the
protracted IDT merger process which just terminated, employees are
excited about the company direction, attrition remains low, product
execution is on track and the company continues to successfully
advance its PCI Express initiative with its customers. Under Dave's
leadership, PLX divested unprofitable businesses, a step that reduced
annual operating expenses by about $20M, greatly improved the cash
balance, and laid the foundation for consistent profitability. Dave
has deep knowledge of our customers, our employees, our sales and
distribution channels, and our competitive environment. PLX is in the
first stages of deploying its unique ExpressFabric strategy, and Dave
has the leadership skills, market insight and company knowledge to
successfully drive this initiative." 
"I am honored the board has selected me to this role and I am
committed to making PLX a profitable stand-alone company providing
increased shareholder value," said David Raun, president and CEO,
PLX. "I am very excited about PLX's prospects as an independent
company and eager to lead this terrific group of people in retaining
and growing our PCI Express leadership position. Our broad portfolio
of Gen 3 switches drove record design activity this past year
throughout the data center.
 We have a solid foundation for long term
growth, profitability and positive cash flow." 
About PLX
 PLX Technology, Inc. (NASDAQ: PLXT), based in Sunnyvale,
Calif., USA, is an industry-leading global provider of
semiconductor-based connectivity solutions primarily targeting the
enterprise and consumer markets. The company develops innovative
software-enriched silicon that enables product differentiation,
reliable interoperability and superior performance. Visit PLX on
plxtech.com, Facebook, Twitter and YouTube. 
Safe Harbor Statement
 This press release includes forward-looking
statements. These include statements regarding our anticipated
expense reductions, the company being profitable and cash flow
positive, growing PCI Express leadership position and long term
growth. Such statements involve risks and uncertainties, which may
cause actual results to differ materially from those set forth in the
statements. Factors that could cause actual results to differ
materially include risks and uncertainties, such as the reduced
demand for products of electronic equipment manufacturers that use
PLX's products; adverse economic conditions in general or those
specifically affecting PLX's markets; reduced backlog for PLX's
customers and unexpected expenses. Please also refer to the documents
filed by PLX with the SEC from time to time, including, but not
limited to, the Annual Report on Form 10 K for the year ended
December 31, 2011, and PLX's quarterly reports on Forms10-Q, which
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. All
forward-looking statements are made as of today, and the company
assumes no obligation to update such statements. 
Investor Relations Contact:
Leslie Green
Green Communications (for PLX)
(650) 312-9060
leslie@greencommunicationsllc.com 
Editorial Contact: 
Jerry Steach
CommonGround Communications (for PLX)
(415) 222-9996
jsteach@plxtech.com 
PLX Technology Contact:
David Hurd
Communication Director
(408) 328-3594
dhurd@plxtech.com 
 
 
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