Glass Lewis Joins ISS in Recommending Micro Linear Stockholders Vote 'FOR' Sirenza Merger
October 11 2006 - 9:52PM
PR Newswire (US)
SAN JOSE, Calif., Oct. 11 /PRNewswire-FirstCall/ -- Micro Linear
Corporation (NASDAQ:MLIN) today announced that Glass Lewis &
Co., a leading U.S. independent proxy advisory firm, has
recommended that stockholders of Micro Linear vote in favor of
Micro Linear's proposed merger with Sirenza Microdevices, Inc.
(NASDAQ:SMDI). A special meeting of Micro Linear's stockholders to
vote on the merger is scheduled for October 20, 2006 at 10:00 a.m.
PT. As the Company previously announced on October 9, 2006,
Institutional Shareholder Services (ISS) has also recommended that
Micro Linear stockholders support the proposed merger. Glass Lewis
and ISS are widely recognized as the nation's two leading
independent proxy advisory firms. Their analyses and
recommendations are relied upon by major institutional investment
firms, mutual funds and fiduciaries throughout the United States.
In recommending that Micro Linear stockholders vote FOR the merger
with Sirenza, in its October 10, 2006 report Glass Lewis stated,
"based on the rigorous sales process and the unanimous support of
the board, we believe the proposed transaction is in the interest
of shareholders. Accordingly, we recommend that shareholders vote
FOR the proposal." Micro Linear Corporation Micro Linear
Corporation is a fabless semiconductor company specializing in
wireless integrated circuit solutions, which enable a variety of
wireless products serving a global market. These transceivers can
be used in many streaming wireless applications such as cordless
phones, PHS handsets, wireless speakers and headphones, security
cameras, game controllers, cordless headsets and other personal
electronic appliances. Headquartered in San Jose, California, Micro
Linear's products are available through its authorized
representatives and distributors worldwide. For more information,
please visit http://www.microlinear.com/ . Safe Harbor for
Forward-Looking Statements This news release contains
forward-looking statements regarding future events or results,
including any statements regarding Micro Linear's expectations as
to the closing of the acquisition and the effects of the
acquisition on Micro Linear or its stockholders, or regarding the
future prospects of the combined company. Micro Linear cautions
readers that such statements are, in fact, predictions that are
subject to risks and uncertainties, and that actual events or
results may differ materially. Factors that could cause actual
events or results to differ materially include, but are not limited
to: the failure of any of the conditions to closing in the merger
agreement to be satisfied, unforeseen difficulties in combining and
integrating the operations of the two companies, the reactions of
either company's stockholders, customers, vendors or competitors,
or the risk factors included in Micro Linear's Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission in
August 2006 and the Registration Statement on Form S-4 filed by
Sirenza with the Securities and Exchange Commission in September
2006, as amended. Micro Linear expressly disclaims any current
intention to update its forward-looking statements, and the
estimates and assumptions associated with them, at any time or for
any reason. Additional Information and Where to Find It This press
release is not a proxy statement or a prospectus for the proposed
transaction. Sirenza has filed a registration statement on Form S-4
(Registration No. 333-137086) in connection with Sirenza's proposed
acquisition of Micro Linear, which includes Micro Linear's proxy
statement and Sirenza's prospectus for the proposed transaction.
Investors are urged to read the proxy statement/prospectus, which
contains important information about the proposed transaction. The
proxy statement/prospectus and other documents which are filed by
Sirenza or Micro Linear with the Securities and Exchange Commission
(the "SEC") are available free of charge at the SEC's website,
http://www.sec.gov/, or by directing a request when such a filing
is made by Sirenza to Sirenza Microdevices, Inc., 303 S. Technology
Court, Broomfield, CO 80021, Attention: Investor Relations or by
directing a request when such a filing is made by Micro Linear to
Micro Linear Corporation, 2050 Concourse Drive, San Jose, CA 95131,
Attention: Investor Relations. Micro Linear, its directors and
certain of its executive officers, as well as Sirenza, its
directors and certain of its executive officers, may be considered
participants in the solicitation of proxies in connection with the
proposed transaction. Information about the directors and executive
officers of Micro Linear and their respective interests in the
proposed transaction is set forth in the proxy statement/prospectus
that Sirenza and Micro Linear have filed with the SEC in connection
with the proposed transaction. Investors may obtain additional
information regarding the interests of such participants by reading
the proxy statement/prospectus. DATASOURCE: Micro Linear
Corporation CONTACT: Jim Mathias of Shelton Group Investor
Relations, +1-972-239-5119, ext. 115, or , for Micro Linear
Corporation Web site: http://www.microlinear.com/
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