Conexant and Jungo Introduce the World's First CableHome™-Based HomePlug System Solution

CPE Manufacturers Can Rapidly Bring Stand-Alone CableHome Residential Gateways to Market, Enabling MSOs to Expand Service Offering

Newport Beach and San Jose, Calif., November 25, 2002 - Conexant Systems, Inc. (Nasdaq: CNXT), a worldwide leader in semiconductor system solutions for communications applications, and Jungo Software Technologies, Inc., a leading provider of residential gateway software, today introduced the world's first CableHome-based HomePlug reference design for residential and small office/home office (SOHO) stand-alone gateways. This will allow multi-service operators (MSOs) to deliver home networking services over existing electrical wiring to current cable modem customers, without requiring end users to replace their existing cable modem equipment. The complete reference design is based on Conexant's CX82100 home network processor, Conexant's CX11656 HomePlug 1.0 physical layer device (PHY) and Jungo's Linux-based OpenRG software suite.

CableHome is a project managed by CableLabs® that seeks to set specifications for home networking.

"By extending our development efforts with Jungo, Conexant is providing the cable industry with a cost-effective, robust and fast-track entry into the home networking market," said Peter Kempf, vice president of business development and technology planning for Conexant. "Certification assures seamless interoperability within multi-vendor networks, providing cable users with the ability to mix-and-match products from a wide range of sources, as opposed to being locked into a single supplier."

"Conexant's market-leading home network processor and system solutions provide exceptional value to OEMs and gateway device manufacturers," said Ofer Vilenski, president and chief executive officer of Jungo. "Coupled with Jungo's OpenRG for CableHome, Conexant is offering complete, best-of-breed reference platforms for standalone devices."

"Cable MSOs are seeing significant interest in adding networking capabilities to client devices, both to fulfill the growing demand for broadband sharing as well as to open up new revenue streams from broadband-based services," said Michael Harris, president of Kinetic Strategies, a broadband research and consulting firm. "Standalone CableHome-based gateways will enable MSOs to rapidly deploy home networking services to their existing cable modem subscriber base."

The production-ready reference design supports a variety of local area network (LAN) interfaces including Ethernet, universal serial bus (USB) and HomePlug. In addition, its open-design architecture allows original equipment manufacturers (OEMs) to customize their products by adding additional features.

Pricing and Availability
OpenRG software for the Conexant HomePlug-certified reference design is now available and can be licensed from Jungo. For more information please contact: Jungo at OpenRG@jungo.com.

Evaluation copies of OpenRG for Conexant's certified HomePlug semiconductor system solution is available now and includes a reference design, the CX82100 HNP, and the CX11656 PHY from Conexant sales offices worldwide. For more information please contact: Conexant at sales@conexant.com.

About CableHome
Additional information regarding CableHome can be found at www.cablehome.org

About Conexant
Conexant Systems, Inc., a worldwide leader in semiconductor system solutions for communications applications, leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses. The Broadband Communications business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed TechnologiesÔ, the company's Internet infrastructure business, designs, develops and sells a complete portfolio of semiconductor networking solutions that facilitate the aggregation, transmission and switching of data, video and voice from the edge of the Internet to linked metropolitan area networks. Conexant, headquartered in Newport Beach, Calif., is a member of the Nasdaq-100 market index. To learn more, visit us at www.conexant.com or www.mindspeed.com

About Jungo
Jungo Software Technologies is a leading supplier of residential gateway software solutions, driver development tools and hardware access applications. Jungo offers integrated reference designs with several of the most influential global silicon vendors, enabling its customers to simplify device development cycles, improve performance and accelerate time to market. Jungo is a privately held company with corporate offices in San Jose, California, sales and support offices in Taiwan and an R&D center in Israel. Founded in 1998, Jungo's investors include TeleSoft Partners, Infineon Ventures and Intel Communications Fund.

Safe Harbor Statement
This press release contains statements relating to future results of Conexant (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful separation of the company's broadband communications and Internet infrastructure businesses; the ability to attract and retain qualified personnel; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to the security and safety risks of our employees and of company facilities and those risks and uncertainties detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements 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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Conexant and Mindspeed are trademarks of Conexant Systems, Inc. Jungo and OpenRG are trademarks of Jungo Software Technologies Inc. Other brands and names contained in this release are the property of their respective owners.