Gennum Exploring Strategic Alternatives for Audio and Wireless and Manufacturing Operations



    High-Speed Mixed Signal Initiative Drives New Opportunities,
    Business Model

    BURLINGTON, ON, June 27 /CNW/ - In a continuing effort to streamline its
product and technology portfolio, Gennum Corporation (TSX: GND) announced it
is considering various strategic alternatives for its Audio and Wireless
Division and Manufacturing Operations. The company's Audio and Wireless
Division includes advanced hearing instrument technology that is leveraged in
wireless headsets and platforms for next-generation digital wireless hearing
devices. Today's announcement is part of the company's ongoing strategy to
more closely focus on high-speed mixed signal technologies and products for
the video and data communications markets.
    As part of this effort, Gennum has been working closely with Genuity
Capital Markets to assist in its review and consideration of strategic
alternatives. Gennum is presently in discussions with several parties
regarding a potential transaction or transactions. However, there can be no
assurance that any third party transaction will be completed.
    "Over the years, Gennum has been a pioneer in driving new technologies
and products, including those in audio and wireless, as well as our core focus
of data communications and video," said Dr. Franz Fink, President and CEO of
Gennum. "At this time, we believe that by focusing our energy and resources on
our world-class high-speed mixed signal product portfolio, Gennum will be
better positioned to secure and gain global market share. As a result, we are
considering various options for our Audio and Wireless Division and associated
Manufacturing Operations."

    About Gennum

    Gennum Corporation (TSX: GND) is a leading designer and manufacturer of
semiconductor solutions for the global video, data communications and audio
markets. A winner of a Technical Emmy(R) award for advances in high definition
(HD) broadcasting, Gennum's broad portfolio of products and technologies
include image processors, video timing and transport products, ICs for optical
transceivers, backplane interconnects and low power digital signal processing
(DSP) solutions. Gennum is headquartered in Burlington, Canada, and has global
design, research and development and sales offices in Canada, Japan and the
United Kingdom. www.gennum.com

    Emmy(R) is a registered trademark of the National Television Academy

    Disclaimer
    This document may contain forward-looking statements relating to Gennum's
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.
Forward-looking statements may include words such as "plans", "intends",
"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 Gennum's control. 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 those set forth in Gennum's
public filings. Consequently, readers should not place any undue reliance on
such forward-looking statements. In addition, these forward-looking statements
relate to the date on which they are made. Gennum disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

    Gennum, the Gennum logo are registered trademarks of Gennum Corporation.
All other product or service names are the property of their respective
owners. Gennum Corporation, 2007.





For further information:

For further information: Gennum Media Contact: Robin Vaitonis, Gennum
Corporation, Tel: (905) 632-2999 ext. 2110, E-mail: vaitonis@gennum.com

Organization Profile

GENNUM CORPORATION

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