"From the beginning of this litigation we have maintained our confidence that we would reach a favorable resolution," said David D. French, president and chief executive officer, Cirrus Logic. "We are pleased that this litigation is now behind us, and the $25 million settlement further strengthens Cirrus Logic's total cash and debt-free balance sheet."
Cirrus Logic management will be presenting at two upcoming conferences in New York. The CIBC Communications & Technology Conference on May 11, 2005 and at the Piper Jaffray Technology Conference on May 13, 2005. Those wishing to listen to these presentations can hear a live and an archived webcast of these events via the company's Web site at www.cirrus.com.
Cirrus Logic, Inc.
Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of consumer and industrial markets. Building on its diverse analog mixed-signal patent portfolio, Cirrus Logic delivers highly optimized products for consumer and commercial audio, automotive entertainment and industrial applications. The company operates from headquarters in Austin, Texas, with offices in Colorado, Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.
Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.
Cirrus Logic, Inc., Austin Investor Contact: John Kurtzweil, 512-912-3222 Email Contact or Media Contact: Bill Schnell, 512-851-4084 Email Contact