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Share Name | Share Symbol | Market | Type |
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Microtune (MM) | NASDAQ:TUNE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 2.92 | 0 | 00:00:00 |
At the Cable-Tec Expo® 2010 next week, Microtune®, Inc. (NASDAQ:TUNE) will display advanced silicon tuner technologies that are strategically fueling the worldwide cable industry’s migration to DOCSIS® 3.0 wideband, all-digital and IP-based multimedia cable TV services.
Microtune’s cable tuner chips provide the front-end electronics that enable the reception of ultra-high speed data, high-definition (HD) and on-demand video, digital telephony, and fast IPTV downloads. When built into DOCSIS 3.0 cable modems, gateways or set-top boxes, they deliver the high performance and reliability required for the interactive, interconnected and personalized services increasingly demanded by subscribers.
Microtune is a leading radio frequency (RF) silicon supplier to the cable industry’s premier equipment manufacturers. A pioneer in developing DOCSIS 3.0 tuners and amplifiers, the Company recently announced that it has shipped more than 7.5 million of its DOCSIS 3.0 wideband cable tuners to worldwide customers.
Targeted to cable engineering professionals, CableTec Expo 2010 is the popular annual conference and exhibit sponsored each year by the Society of Cable Telecommunications Engineers. This year the Expo will be held October 20-22, 2010 at the Ernest N. Morial Convention Center in New Orleans, LA. Microtune’s booth is located in the first floor exhibit hall, space 525.
BOOTH TO SHOWCASE VARIETY OF RF SOLUTIONS AND CONSUMER PREMISE EQUIPMENT
Microtune will showcase a range of RF chip solutions, evaluation boards and reference designs in its booth. It will also feature a wide variety of cable consumer devices that demonstrate how Microtune technology can be flexibly implemented across single and multi-tuner configurations for different application and price/performance requirements. These consumer end products include:
“At the SCTE Cable-Tec Expo, our booth will showcase our technologies and our customers’ products that are bringing new entertainment and information choices to the cable consumer. Our goal is to provide the advanced silicon tuners that allow our cable customers to grow their business, to leverage technology shifts and to counter competitive threats,” said Barry F. Koch, Executive Vice President of Microtune.
FOR MORE INFORMATION ABOUT MICROTUNE
Microtune offers a complete portfolio of RF solutions for broadband cable access, providing the radio frequency (RF) building blocks that enable advanced voice, video, and data services. When integrated into consumer premise equipment, Microtune products enable wider bandwidths, more digital and HD channels, faster IP video download speeds, in-home networking compatibility, and more telecommunications options. For more information about Microtune’s DOCSIS 3.0 products or its complete suite of RF solutions for the cable television market, visit the Company’s website at www.microtune.com.
ABOUT MICROTUNE
Microtune, Inc. is a receiver solutions company that designs and markets advanced radio frequency (RF) and demodulator electronics for worldwide customers. Its products, targeted to the cable, digital television and automotive entertainment markets, are engineered to deliver high-performance and reliable video, voice and data signals across a diverse range of end products, from HDTVs, set-top boxes and cable modems to car radios. Microtune is headquartered in Plano, Texas, with key design and sales centers located around the world. The website: www.microtune.com or www.microtune.cn.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This document contains certain forward-looking statements about Microtune, Inc. (“Microtune”) that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that have been and may be instituted against Microtune and others following announcement of the proposal or the merger agreement; (3) the inability to complete the merger due to the failure to obtain stockholder approval, (4) the inability to obtain necessary regulatory approvals required to complete the merger; (5) the risk that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; (6) the ability to recognize the benefits of the merger or of any combination of Microtune and Zoran Corporation; (7) the timing of the initiation, progress or cancellation of significant contracts or arrangements, the mix and timing of services sold in a particular period; and (8) the possibility that Microtune may be adversely affected by other economic, business, and/or competitive factors. Except as required by law, Microtune is under no duty to update any of the forward-looking statements after the date of this document to conform to actual results.
These and other risks that are set forth in the “Risk Factors,” “Legal Proceedings” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of and elsewhere in Microtune’s Annual Report on Form 10-K for the year ended December 31, 2009 and Microtune’s most recent Quarterly Report on Form 10-Q for the quarter ended June 30, 2010, each as filed with the Securities and Exchange Commission. Many of the factors that will determine the outcome of the subject matter of this document are beyond Microtune’s ability to control or predict.
Important Additional Information and Where to Find It.
On September 23, 2010, Microtune, Inc. (“Microtune”) filed with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement in connection with the proposed merger with Zoran Corporation, pursuant to which Microtune would be acquired by Zoran Corporation (the “Merger”) and intends to file a definitive proxy statement with the SEC. Investors and stockholders are urged to read the preliminary proxy statement carefully and, when it becomes available, the definitive proxy statement as well as any other relevant documents filed with the SEC when they become available because they will contain important information about the merger and the parties to the merger. The information in the preliminary proxy statement is not complete and may be changed. Before making any voting or investment decisions with respect to the proposed merger or any of the other matters with respect to which Microtune’s stockholders will be asked to vote pursuant to the proxy statement, Microtune’s stockholders are urged to read the definitive proxy statement and other documents filed by Microtune when they become available. Investors and stockholders may obtain a free copy of the preliminary proxy statement and the definitive proxy statement (when available) and other documents filed by Microtune at the SEC website at http://www.sec.gov. The preliminary proxy statement, definitive proxy statement (when available) and other documents also may be obtained for free at Microtune’s Internet website at www.microtune.com or from Microtune by contacting Investor Relations by telephone at 972-673-1850 or by mail at Microtune, Inc., 2201 10th Street, Plano, Texas, 75074, Attn: Investor Relations Department. In connection with the special meeting of Microtune stockholders to approve the adoption of the merger agreement, Microtune will mail copies of the definitive proxy statement to Microtune stockholders who are entitled to attend and vote at the special meeting which is determined by the stockholders of record on October 18, 2010.
Microtune and Zoran and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed participants in the solicitation of proxies from Microtune stockholders in connection with the proposed Merger. Information regarding Zoran’s directors and officers is available in Zoran’s proxy statement for its 2010 annual meeting of stockholders and Zoran’s 2009 Annual Report on Form 10-K, which were filed with the SEC on April 29, 2010 and March 1, 2010, respectively. Information concerning the interests of Microtune’s participants in the solicitation, which may, in some cases, be different than those of Microtune stockholders generally, is set forth in Microtune’s proxy statement for its 2010 Annual Meeting of Stockholders, which was filed with the SEC on April 9, 2010 and available on Microtune’s website at www.microtune.com and is also set forth in the preliminary proxy described above and will be set forth in the definitive proxy statement relating to the merger when it becomes available.
EDITOR’S NOTE:
Microtune is a registered trademark and MicroTuner is a trademark of Microtune, Inc. Copyright © 2010 Microtune, Inc. All rights reserved. All other trademarks are the property of their respective holders.
CableLabs and DOCSIS, and EuroDOCSIS are trademarks of Cable Television Laboratories, Inc.
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