As previously reported, on November 2, 2016, the Company entered
into an Agreement and Plan of Merger (the Merger Agreement) with Broadcom Limited (Broadcom) pursuant to which Broadcom agreed to acquire the Company. Under the terms of the Merger Agreement, the acquisition cannot be
completed until the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act), applicable to the transactions contemplated by the Merger Agreement has expired or been terminated, the parties
have obtained affirmative approval or clearance required under the antitrust laws of the European Union, Japan and the Peoples Republic of China, and the other closing conditions under the Merger Agreement have been satisfied or waived.
Also as previously reported, on January 4, 2017, in consultation with the Federal Trade Commission (FTC) and the Company,
Broadcom refiled its premerger notification and report form with the FTC and the Antitrust Division of the Department of Justice under the HSR Act. As a result, the waiting period under the HSR Act with respect to the transactions contemplated by
the Merger Agreement was scheduled to expire at 11:59 p.m., Eastern Time, on February 3, 2017, unless extended by a request for additional information or terminated earlier.
On February 3, 2017, each of the Company and Broadcom received a request for additional information and documentary materials, commonly
referred to as a second request, from the FTC. The FTCs second request is a standard part of the review process and has the effect of extending the waiting period under the HSR Act until 30 days after the parties substantially
comply with the request, unless the waiting period is extended voluntarily by the parties or terminated earlier by the FTC. The Company intends to continue to cooperate fully with the FTC in connection with its review.
The Company continues to expect that the acquisition will be consummated in the second half of its fiscal year 2017 (which begins on
April 30, 2017 and ends on October 28, 2017), subject to the satisfaction or waiver of all closing conditions.
Legal Notice Regarding
Forward-Looking Statements
This communication, and any documents to which the Company refers you in this communication, contains not
only historical information, but also forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Companys current expectations
or beliefs concerning future events, including but not limited to the expected completion and timing of the proposed transaction and other information relating to the proposed transaction. Without limiting the foregoing, the words
believes, anticipates, plans, expects, intends, forecasts, should, estimates, contemplate, future, goal,
potential, predict, project, projection, target, seek, may, will, could, should, would, assuming and
similar expressions are intended to identify forward-looking statements. You should read any such forward-looking statements carefully, as they involve a number of risks, uncertainties and assumptions that may cause actual results to differ
significantly from those projected or contemplated in any such forward-looking statement. Those risks, uncertainties and assumptions include, (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which
may adversely affect the Companys business and the price of the Companys common stock, (ii) the failure to satisfy any of the conditions to the consummation of the proposed transaction, including the receipt of certain governmental
and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (iv) the outcome of any legal proceedings that have been or may be instituted
against the Company related to the Merger Agreement or the proposed transaction, and (v) other risks described in the Companys and Broadcoms filings with the SEC, such as their respective Quarterly Reports on Form 10-Q and Annual
Reports on Form 10-K. Forward-looking statements speak only as of the date of this communication or the date of any document incorporated by reference in this document. Except as required by applicable law or regulation, the Company does not assume
any obligation to update any such forward-looking statements whether as the result of new developments or otherwise.