MaxLinear is #147 on Deloitte's 2012 Technology Fast 500™ List of Fastest Growing Companies in North America
Strong product innovation and sales in cable and terrestrial set-top box markets continue company's fast growth
CARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear Inc. (NYS: MXL) , a leading provider of integrated radio frequency (RF) and mixed-signal integrated circuits for broadband communications applications, today announced it ranked no.147 on Deloitte's Technology Fast 500™ ranking.
The Deloitte Technology Fast 500 is an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. MaxLinear grew 647 percent during the period from 2007-2011.
"MaxLinear has increased its pace of innovation, including significant new technologies for the cable and terrestrial gateway and set-top box marketplace. This effort has been rewarded by the market with great customer acceptance and revenue growth," said Kishore Seendripu, president and CEO of MaxLinear. "We're pleased to have our hard work recognized and to be included in the Deloitte Technology Fast 500 again this year."
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About MaxLinear, Inc.
MaxLinear, Inc. is a leading provider of radio-frequency and mixed-signal semiconductor solutions for broadband communications applications. MaxLinear is located in Carlsbad, California, and its address on the Internet is www.maxlinear.com.
MxL and the MaxLinear logo are trademarks of MaxLinear, Inc. Other trademarks appearing herein are the property of their respective owners.
Cautionary Note About Forward-Looking Statements
This press release contains "forward-looking" statements within the meaning of federal securities laws. Forward-looking statements include, among others, statements concerning or implying future financial performance or trends and growth opportunities affecting MaxLinear, in particular statements relating to the inclusion of MaxLinear on Deloitte's Technology Fast 500™ annual ranking list. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by these forward-looking statements. Forward-looking statements are based on management's current, preliminary expectations and are subject to various risks and uncertainties, including (among others) intense competition in our industry; the ability of our customers to cancel or reduce orders; uncertainties concerning how end user markets for our products will develop; our lack of long-term supply contracts and dependence on limited sources of supply; potential decreases in average selling prices for our products; and on-going intellectual property litigation related to hybrid television tuner products. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in MaxLinear's filings with the United States Securities and Exchange Commission (SEC), including risks and uncertainties identified in our Annual Report on Form 10-K for the year ended December 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. All forward-looking statements are qualified in their entirety by this cautionary statement. MaxLinear is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise.
MaxLinear Inc. Press Contact:
The David James Agency LLC
MaxLinear Inc. Corporate Contact:
Senior Director, Cable Product Line
KEYWORDS: United States North America California
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