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Mindspeed Completes $6 Million Sale of Non-core Intellectual Property

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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it closed the sale of certain non-core patents for $6 million, which will be reported as GAAP revenue in the company's fiscal first quarter of 2013. Specific terms of the sale are confidential.

About Mindspeed Technologies

Mindspeed Technologies (NASDAQ: MSPD) is a leading provider of network infrastructure semiconductor solutions to the communications industry. The company's low-power system-on-chip (SoC) products are helping to drive video, voice and data applications in worldwide fiber-optic networks and enable advanced processing for 3G and long-term evolution (LTE) mobile networks. The company's high-performance analog products are used in a variety of optical, enterprise, industrial and video transport systems. Mindspeed's products are sold to original equipment manufacturers (OEMs) around the globe.

To learn more, please visit www.mindspeed.com. Company news and updates are also posted at www.twitter.com/mindspeed.

Investor Relations
Mindspeed Investor Relations:
Kevin Trosian
VP, Business Development and Investor Relations,
+1 949-579-3111
investor.relations@mindspeed.com
or
Corporate Contact
Mindspeed Technologies, Inc.
Rupert Baines
VP Corporate Strategy and Marketing Communication
+44 1225 469 744
rupert.baines@mindspeed.com

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