The purchase price for these assets is approximately
"Zilog decided early last year to review a broad range of strategic
alternatives to enhance shareholder value, and we believe these transactions
have done so. In addition to improving our financial structure and liquidity,
they allow the company to streamline operations, generate cash and focus on
continuing to innovate in our core microcontroller business," said Zilog Chief
Executive Officer
Since 1993, Zilog has led the way in providing IR remote control and radio frequency solutions, placing more than 300 million remotes worldwide.
Zilog's secure transaction business, featuring the Zatara(R) 32-bit ARM(R)-based fully integrated single-chip solution, delivers highly secure solutions for accelerating time to market and reducing costs in security- critical applications including point-of-sale terminals, e-transactions, vending and gaming.
As part of the transaction, Maxim and UEI or their affiliates are making
employment offers to approximately 128 Zilog employees primarily located in
Zilog Conference Call
Members of Zilog's executive team will conduct a conference call with
analysts and investors at
Analysts and investors may access the call by dialing 866-953-6853 from
inside
This call will be available via podcast as an MP3 file from the Company's investor relations website following the call. A webcast is also being distributed in a listen-only mode through Zilog's website at http://www.zilog.com and over CCBN's Investor Distribution Network at http://www.companyboardroom.com. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (http://www.streetevents.com). A webcast archive will be available at http://www.zilog.com in the "Company Info" section. A telephone replay of the conference call will also be available for one week after the conference call at 888-286-8010 (U.S.) and 617-801-6888 (international) and can be accessed with passcode 12552281.
Oppenheimer & Co. Inc. acted as financial advisor to Zilog on these
transactions. Skadden, Arps, Slate, Meagher and Flom LLP of
About Zilog, Inc.
Zilog is a global supplier of application specific, embedded system-on-
chip (SoC) solutions for secured transactions, consumer electronics and
industrial application and an industry leader in remote control and universal
IR database solutions. From its roots as an award-winning architect in the
microprocessor and microcontroller industry, Zilog has evolved to become a
leader in production-ready and custom-built SoC solution sets including
hardware and software. Zilog is headquartered in
Cautionary Statements
This release contains forward-looking statements (including those related
to our expectations cash at
Notwithstanding changes that may occur with respect to customer matters relating to the forward-looking statements, Zilog does not expect to, and disclaims any obligation to update such statements until release of its next quarterly earnings announcement or in any other manner. Zilog, however, reserves the right to update such statement, or any portion thereof, at any time for any reason.
For a detailed discussion of these and other cautionary statements, please
refer to the risk factors discussed in filings with the U.S. Securities and
Exchange Commission ("SEC"), including but not limited to, the Company's
Annual Report on Form 10-K for the fiscal year ended
Zilog, Crimzon Connects and Zatara are trademarks or registered trademarks
of Zilog, Inc. in
Contact: Daniel Francisco Francisco Group for Zilog 916-812-8814 dan@franciscogrp.com
SOURCE Zilog, Inc.