Mindspeed’s Bret W. Johnsen Receives Orange County Business Journal's CFO of the Year Award

Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that Bret W. Johnsen, the company’s senior vice president and chief financial officer, has received the Orange County Business Journal 2010 CFO of the Year Award in the Outstanding CFO of a Public Company category. Johnsen played an integral role in Mindspeed’s achievement of key financial and operational advances during the past year, driving substantial growth in stockholder value.

The award was announced at the Orange County Business Journal's 4th Annual CFO of the Year Awards Ceremony, which was held last night at the Hyatt Regency hotel in Irvine, Calif. One of 40 candidates that were nominated for an award, Johnsen was selected as the County’s most outstanding chief financial officer of a public company by a panel, which included professionals from the Orange County Business Journal and The California Society of Certified Public Accountants (CalCPA).

“Since joining Mindspeed in 2008, Bret has played a pivotal role in driving Mindspeed’s financial execution and increasing stockholder value,” said Raouf Y. Halim, Mindspeed’s chief executive officer. “In particular, Bret’s contributions are reflected in our improved balance sheet, our top line revenue growth and the significant earnings growth and expansion of stockholder value that Mindspeed experienced in fiscal year 2010. We are delighted that he has been recognized with this prestigious award.”

Johnsen joined Mindspeed in July 2008 and has nearly 20 years of experience in corporate accounting and financial management. He came to Mindspeed from Broadcom Corporation, where he was vice president and corporate controller.

“I am thrilled to be accepting this award from a panel of my peers in the Orange County finance community,” Johnsen said. “I am proud of the work we are doing at Mindspeed and honored to have been recognized for our accomplishments.”

About Mindspeed Technologies

Mindspeed designs, develops and sells semiconductor solutions for communications applications in the wireline and wireless network infrastructure, which includes enterprise networks, broadband access networks (fixed and mobile), and metropolitan and wide area networks. We have organized our solutions for these interrelated and rapidly converging networks into three families. Our communications convergence processing (CCP) products include ultra-low-power, multi-core digital signal processor (DSP) system-on-chip (SoC) products for the fixed and mobile (3G/4G/LTE) carrier infrastructure and residential and enterprise service platforms. Our high-performance analog (HPA) products solve difficult switching, timing and synchronization challenges in next-generation optical networking, enterprise storage and broadcast video transmission applications. Our wide area networking (WAN) communications portfolio helps optimize today's circuit-switched networks. Mindspeed's products are sold to original equipment manufacturers (OEMs) for use in a variety of network infrastructure equipment which serves these markets. To learn more, please visit 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, continued growth in stockholder value, cost in organizational efficiencies, increases in operating margins and balance sheet and liquidity position strength. 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: fluctuations in our operating results and future operating losses; worldwide political and economic uncertainties and specific conditions in the markets we address; constraints in the supply of wafers and other product components from our third-party manufacturers; fluctuations in the price of our common stock; cash requirements and terms and availability of financing; loss of or diminished demand from one or more key customers or distributors; our ability to attract and retain qualified personnel; doing business internationally and our ability to successfully and cost effectively establish and manage operations in foreign jurisdictions; pricing pressures and other competitive factors; successful development and introduction of new products; lengthy sales cycles; order and shipment uncertainty; our ability to obtain design wins and develop revenues from them; 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 Annual Report on Form 10-K for the year ended October 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.

Mindspeed Technologies, Inc. (MM) (NASDAQ:MSPD)
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