Mindspeed Demonstrates Fiber-Optic Component Family at OFC/NFOEC 2010

Showcased Products Include Latest Highly Integrated Burst-Mode Laser Driver for Next-Generation Passive Optical Networking (PON) Equipment

NEWPORT BEACH, Calif. — (BUSINESS WIRE) — March 23, 2010 — Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced it is demonstrating its broad family of fiber-optic components at OFC/NFOEC 2010, today through March 25, in the company’s private suite, #2648 at the San Diego Convention Center in San Diego, Calif.

Mindspeed®’s M02098 programmable burst-mode laser driver includes an integrated limiting amplifier, analog-to-digital converter (ADC) and digital-to-analog converter (DAC), and joins the company’s growing family of physical media devices (PMDs) for a comprehensive range of xPON FTTx applications. Like its highly popular predecessor, the M02090 device, the M02098 driver incorporates the company’s proven dual closed-loop Eye-Minder™ technology for real-time monitoring and compensation for laser aging and temperature effects to reduce production testing requirements and lower overall optical network terminal (ONT) system costs. The M02098 driver can be implemented in a small form factor (SFF) or small form factor pluggable (SFP) optical transceiver, or with a bi-directional optical sub-assembly (BOSA) that can be mounted directly onto the ONT board to significantly reduce overall bill-of-material (BOM) costs in Gigabit PON (GPON), Gigabit Ethernet PON (GEPON) and other xPON applications. Mindspeed will be demonstrating the M02098 driver’s proven dual closed-loop configuration along with its latest high-performance transimpedance amplifier (TIA) at OFC/NFOEC 2010.

Mindspeed will be featuring its symmetric 10G-EPON optical network unit (ONU) and optical line terminal (OLT) chipset at OFC/NFOEC 2010, which includes the low-power M02170 direct-modulated laser (DML) driver, M02172 low-power electroabsorption modulated laser (EML) driver and M02142 multi-datarate post-amplifier, which are designed in small form factor pluggable (XFP) module reference design operating at 10Gbps in both the downstream and upstream directions in support of the latest 10G-EPON specifications.

Mindspeed will also highlight its Common Public Radio Interface (CPRI) optical PMD chipset, which fully supports the latest CPRI V4.1 2009-02-18 specification and is optimized for 4.915Gbps and 6.144Gbps operation with lower power consumption compared to traditional 10Gbps PMD chipsets. The receiver solution includes the M02020 transimpedance amplifier (TIA) combined with the M02049 limiting amplifier, optimized for 4.915 Gigabits/second (Gbps) or the M02129 TIA, combined with the M02142 limiting amplifier for 6.144Gbps. The limiting amplifiers each feature selectable bandwidth for optimal receiver sensitivity across CPRI rates. On the transmit side, Mindspeed’s CPRI optical PMD solutions include up to 6.2Gbps M02061 laser driver for long-wave laser diodes and the M02069 driver for short-wave vertical-cavity surface-emitting lasers (VCSELs).

About Mindspeed Technologies

Mindspeed Technologies, Inc. designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes today's separate but interrelated and converging enterprise, broadband access, metropolitan and wide area networks. Our products are classified into three focused product families: multiservice access, high-performance analog and wide area networking communications. Our products are sold to original equipment manufacturers (OEMs) for use in a variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers, digital loop carrier equipment, IP private branch exchanges (PBXs), optical modules, broadcast video systems and wireless basestation equipment.

To learn more, visit us at www.mindspeed.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding the company's expectations, goals or intentions, including, but not limited to, product features and their benefits. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements. These risks and uncertainties include, but are not limited to: cash requirements and terms and availability of financing; future operating losses; worldwide political and economic uncertainties, and specific conditions in the markets we address; fluctuations in the price of our common stock and our operating results; loss of or diminished demand from one or more key customers or distributors; our ability to attract and retain qualified personnel; constraints in the supply of wafers and other product components from our third-party manufacturers; pricing pressures and other competitive factors; successful development and introduction of new products; doing business internationally and our ability to successfully and cost effectively establish and manage operations in foreign jurisdictions; industry consolidation; order and shipment uncertainty; our ability to obtain design wins and develop revenues from them; lengthy sales cycles; the expense of and our ability to defend our intellectual property against infringement claims by others; product defects and bugs; business acquisitions and investments; and our ability to utilize our net operating loss carryforwards and certain other tax attributes. Risks and uncertainties that could cause the company's actual results to differ from those set forth in any forward-looking statement are discussed in more detail under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Quarterly Report on Form 10-Q for the quarter ended January 1, 2010, as well as similar disclosures in the company's subsequent SEC filings. Forward-looking statements contained in this press release are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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