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FOR IMMEDIATE RELEASE
Texas Instruments to Acquire
Spectron Microsystems from Dialogic
Corporation
PARSIPPANY, NJ ¾ January
22, 1998 ¾ Dialogic Corporation
(NASDAQ-DLGC), announced today that Texas Instruments
Incorporated (NYSE:TXN) has entered into a definitive agreement
to acquire the principal assets and operations of Spectron
Microsystems, a wholly-owned subsidiary. While the specific terms
are subject to closing adjustments, it is expected that the
purchase price will be in the range of $20 to $26 million. The
transaction is expected to be finalized by March 1, subject to
governmental approval and conditions at closing.
Commenting on the transaction, Howard G. Bubb, president and
CEO of Dialogic said, "This transaction will permit the
accelerated development of leadership real-time operating systems
for digital signal processing. This is consistent with
Dialogics interest in advancing the development of DSP
software. Further, we will continue as a user and retain certain
rights to continuing development of related software important to
our business."
Dialogic Corporation is the leading manufacturer of high
performance, standards-based computer telephony (CT) components.
Dialogic products are used in voice, fax, data, voice
recognition, speech synthesis, ISDN networks, Internet telephony
and call center management CT applications. The company is
headquartered in Parsippany, New Jersey, with regional
headquarters in Tokyo, Japan and Brussels, Belgium and sales
engineering offices worldwide.
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Contact:
Thomas G. Amato
Dialogic Corporation
973-993-3000 x6813
t.amato@dialogic.com
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