Banner Image

Press Release

<< Back

Alpha Completes Acquisition of Network Device Inc.

Alpha Completes Acquisition of Network Device Inc.WOBURN, Mass.--(BUSINESS WIRE)--April 25, 2000--Alpha Industries (NASDAQ:AHAA) today announced that it has completed its acquisition of privately-held Network Device Inc. of Sunnyvale, CA.

Under the terms of the acquisition, originally announced on February 11, 2000, approximately 2.67 million shares of Alpha common stock, valued at approximately $106,200,000, were exchanged for all outstanding shares and options of Network Device, and approximately 185,000 shares of Alpha stock have been reserved for the conversion of Network Device stock options into Alpha options. The acquisition, which is being accounted for as a pooling of interests, was approved by the boards of directors of both companies and by the shareholders of Network Device.

David Aldrich, Alpha's President and COO, commented, "Network Device, with its manufacturing capacity and advanced process capabilities, is an integral part of our strategy to expand Alpha's share of the wireless market. The company brings to Alpha a production-ready GaAs InGaP HBT process, enabling the production of high efficiency HBT power amplifiers for wireless telephone handsets. Network Device's PHEMT and MESFET semiconductors are already in production."

Alpha Industries designs, develops, manufactures and markets proprietary radio frequency, microwave frequency and millimeter wave frequency integrated circuits and discrete semiconductors for wireless voice and data communications. The primary applications for Alpha's products include wireless handsets for cellular and personal communications services, or PCS. Alpha also produces integrated circuits, discrete components and ceramic resonators and ferrites used in wireless base station equipment, cable television, wireless local loop, wireless personal digital assistants and wireless local area networks. Additional information is available at Alpha's Website -www.alphaind.com.



CONTACT: Alpha Industries, Inc.

             James C. Nemiah, Investor Relations
             (617) 824-4564