Gennum Corporation Announces Normal Course Issuer Bid



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    BURLINGTON, ON, Sept. 30 /CNW/ - Gennum Corporation ("Gennum" or the
"Corporation") (TSX: GND) announced today that it has received approval from
the Toronto Stock Exchange (the "TSX") to acquire for cancellation, by way of
a normal course issuer bid (the "Bid"), up to 3,408,224 common shares of the
Corporation ("Common Shares"), which, at the date hereof, represent
approximately 10% of the "public float", as defined under the rules of the
TSX, of the Corporation. As of September 29, 2008, the Corporation had
35,607,186 issued and outstanding Common Shares. The Bid will commence on
October 2, 2008 and expire on October 1, 2009.
    On June 28, 2007, the Corporation commenced a normal course issuer bid to
purchase up to 3,458,782 Common Shares through the facilities of the TSX.
Under that bid, which expired on July 2, 2008, the Corporation purchased and
cancelled a total of 203,100 Common Shares at an average price of $10.07 per
Common Share.
    The directors of the Corporation believe that the proposed purchase of
Common Shares pursuant to the Bid is in the best interests of the Corporation
and that such purchases constitute a desirable use of the Corporation's funds.
    Purchases of Common Shares pursuant to the Bid will be effected solely
through the facilities of the TSX. Purchases and payment for the Common Shares
will be made by the Corporation in accordance with TSX requirements and the
price which Gennum will pay for any Common Shares acquired under the Bid will
be the market price for the Common Shares at the time of acquisition. The
maximum number of Common Shares that may be purchased by Gennum pursuant to
the Bid in any trading day, as calculated in accordance with the rules of the
TSX, is 9,230 Common Shares.
    For further information or to obtain a copy of the Notice filed with the
TSX in connection with the Bid, please contact Gord Currie, Senior
Vice-President, Finance & Administration and Chief Financial Officer, Gennum
at (905) 632-2999, ext. 3060.

    About Gennum

    Gennum Corporation (TSX: GND) designs innovative semiconductor solutions
and intellectual property (IP) cores for the world's most advanced consumer
connectivity, enterprise, video broadcast and data communications products.
Leveraging the company's proven optical, analog and mixed-signal products and
IP, Gennum enables multimedia and data communications products to send and
receive information without compromising the signal integrity. A recognized
award winner for advances in high definition (HD) broadcasting, Gennum is
headquartered in Burlington, Canada, and has global design, research and
development and sales offices in Canada, Germany, India, Japan, Korea, Mexico,
Taiwan, the United States and the United Kingdom. www.gennum.com

    Disclaimer

    This news release contains forward-looking statements relating to our
goals, strategies, financial condition and results as well as the environment
in which Gennum operates, investments, and litigation in which Gennum is
involved, which may involve estimates, forecasts and projections. Often, but
not always, forward-looking statements can be identified by the use of words
such as "plans", "become", "intends", "will", "anticipates", "should",
"estimates", "expects", "believes" and similar expressions. These statements
are not guarantees of future performance and involve risks and uncertainties
that are difficult to predict and/or are beyond our control. Please refer to
the sections entitled "Risks and Uncertainties" in our 2007 Annual Report and
"Risk Factors" in our Annual Information Form dated February 13, 2008 for a
description of material risks associated with forward-looking statements. A
number of important factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking statements. These
factors include, but are not limited to, our exposure to currency rate
fluctuations, and the level of market acceptance of our new products, as well
as those other factors set forth in this report and other public filings.
Consequently, readers should not place any undue reliance on such
forward-looking statements. Forward-looking statements are provided for the
purpose of providing information about management's current expectations and
plans relating to the future. Readers are cautioned that such information may
not be appropriate for other purposes. In addition, these forward-looking
statements relate to the date on which they are made. We disclaim any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except to
the extent required by law.





For further information:

For further information: Gordon Currie, Senior Vice-President, Finance &
Administration and Chief Financial Officer, Tel: (905) 632-2999 ext 3060

Organization Profile

GENNUM CORPORATION

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