Conexant Acquires Maker Comms

Conexant Systems Inc. (Nasdaq:CNXT) Monday announced that it completed its acquisition of Maker Communications of Westborough, Mass.

Maker is the industry's leading provider of programmable, high-performance network processors, software solutions and development tools. Maker shareholders received 0.66 of a share of Conexant common stock for each share of Maker common stock.

Maker will operate as part of Conexant's Network Access Division, which provides the industry's broadest portfolio of physical-layer communications products, including asynchronous transfer mode (ATM), T1/E1 and T3/E3 carriers, optical networking (SONET/SDH), digital subscriber line (DSL) and multi-service voice and data access concentration.

Conexant will also use the Maker facilities as the company's base of operations in the eastern United States for its network access business. This month, Maker completed a move from its previous headquarters in Framingham, Mass., to larger, 40,000-square-foot facilities in Westborough that will support planned growth. This operation will continue to be run by William N. Giudice, Maker Communications' co-founder, and former president and CEO.

http://www.conexant.com