San Diego, CA — July 27, 2007 — Entropic Communications, Inc., a leading provider of systems solutions to enable connected home entertainment, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The offering is expected to include shares sold by Entropic and by certain of its stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.
Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. will be acting as joint book-running managers of the proposed offering. In addition, Thomas Weisel Partners LLC, JMP Securities LLC and ThinkEquity Partners LLC will be acting as co-managers.
The offering will be made only by means of a prospectus. When available, copies of the written preliminary prospectus relating to the offering can be obtained by contacting: Credit Suisse Securities (USA) LLC Prospectus Department, One Madison Avenue, New York, NY 10010, telephone 1-800-221-1037, or Lehman Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, telephone 1-888-603-5847, fax 1-631-254-7140 or email at email@example.com .
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted before the registration statement becomes effective.
This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Entropic Communications
Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company's technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home.
VP, Corporate Communications
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