Avago Technologies Completes Acquisition of CyOptics, a Leading Optical Chip and Component Supplier to the Datacom and Telecom

Avago Technologies Completes Acquisition of CyOptics, a Leading Optical Chip
and Component Supplier to the Datacom and Telecom Markets

SAN JOSE, CA and SINGAPORE, June 28, 2013 (GLOBE NEWSWIRE) -- Avago
Technologies Limited (Nasdaq:AVGO), a leading supplier of analog interface
components for communications, industrial and consumer applications, today
announced it has completed its acquisition of CyOptics, Inc., a leader in
Indium Phosphide (InP) optical chip and component technologies for the data
communications and telecommunications markets, for aggregate consideration of
approximately $400 million in cash.

Avago believes the acquisition of CyOptics will strengthen Avago's fiber
optics product portfolio for emerging 40G and 100G enterprise and data center
applications. CyOptics' single-mode InP laser, receiver and photonics
integration capability will help extend Avago's technology leadership position
in these applications. Avago's optical transceiver products primarily leverage
VCSEL-based technology today. In addition, the acquisition of CyOptics will
facilitate Avago's establishment of a complementary optical components
business, not only to serve growing segments of the access, metro and
long-haul markets, but also for enterprise and data center segments.

About Avago Technologies Limited

Avago Technologies Limited is a leading designer, developer and global
supplier of a broad range of analog semiconductor devices with a focus on
III-V based products. Avago's product portfolio is extensive and includes
thousands of products in three primary target markets:wireless
communications, wired infrastructure and industrial & other.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements, including statements by
management, within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995.Forward-looking
statements include, but are not limited to (i) statements about the expected
benefits of the acquisition of CyOptics, (ii) the combined organization's
plans, objectives, expectations and intentions with respect to future
operations and products, (iii) the combined organization's competitive
position and opportunities, (iv) the impact of the transaction on the market
for the combined organization's products, (v) other statements identified
bywords such as "will", "expect", "intends", "believe", "anticipate",
"estimate", "plan" and similar expressions. These forward-looking statements
are based on current expectations, estimates, forecasts and projections of
future company or industry performance, based on management's judgment,
beliefs, current trends and market conditions, and involve risks and
uncertainties that may cause actual results to differ materially from those
contained in the forward-looking statements.Accordingly, we caution you not
to place undue reliance on these statements.For Avago, particular
uncertainties that could materially affect future results include, but are not
limited to the failure of the combined organization to achieve the expected
growth prospects, synergies and cost savings expected from the transaction or
any delay in the realization thereof; delays, challenges and expenses
associated with integrating CyOptics and its business and employees with
Avago's existing businesses and employees; the competitive position and
opportunities for the combined organization, loss of significant customers of
the combined organization, including as a result of the transaction; the
ability to improve the CyOptics business operating margin and maintain Avago's
gross margin; global economic conditions and concerns; cyclicality in the
semiconductor industry or in the combined organization's target markets;
quarterly and annual fluctuations in operating results; increased dependence
on the volatile, wireless handset market; the combined organization's
competitive performance and its ability to continue achieving design wins with
customers; dependence on contract manufacturing and outsourced supply chain
and the ability to improve cost structure through manufacturing outsourcing;
prolonged disruptions of proprietary or contract manufacturers' manufacturing
facilities or other significant operations; dependence on outsourced service
providers for certain key business services and their ability to execute to
requirements; the ability to maintain tax concessions in certain
jurisdictions; the ability to protect the combined organization's intellectual
property and any associated increases in litigation expenses; dependence on
and risks associated with product distributors; any expenses associated with
resolving customer product and warranty and indemnification claims; and other
events and trends on a national, regional and global scale, including those of
a political, economic, business, competitive and regulatory nature.Avago's
Quarterly Report on Form 10-Q filed on June 7, 2013 and its other filings with
the Securities and Exchange Commission, or "SEC" (which you may obtain for
free at the SEC's website at http://www.sec.gov) discuss some of the important
risk factors that may affect its business, results of operations and financial
condition. Avago undertakes no intent or obligation to publicly update or
revise any of these forward looking statements, whether as a result of new
information, future events or otherwise, except as required by law.

CONTACT: Avago Contacts
         Thomas Krause
         VP Corporate Development
         +1 408 435 7400
         investor.relations@avagotech.com

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