Zoran (ZRAN) 8-K Other Events

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1

Employee Meeting

Microtune Acquisition

September 8, 2010

Exhibit 99.2

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2

Forward-Looking Statements

This presentation includes forward-looking statements regarding the proposed transaction between Zoran

Corporation and Microtune, Inc., including without limitation statements regarding Zoran’s expectations regarding

the transaction’s effects on its financial results, statements regarding the timing and likelihood of closing the

proposed transaction and statements regarding the benefits of the proposed transaction.  Many risks and

uncertainties could cause actual results or events to differ materially from those contained in these forward-looking

statements,

including

without

limitation

risks

and

uncertainties

associated

with:

the

possibility

that

the

closing

of

the transaction may be delayed or may not occur; difficulties with the integration process or the realization of the

anticipated benefits of the transaction; general economic conditions affecting the consumer electronics industry;

and litigation or regulatory matters involving antitrust or other issues that could affect the closing of the transaction. 

Please

refer

to

the

discussion

of

these

risks

and

uncertainties

under

the

caption

“Risk

Factors”

and

elsewhere

in

Forms 10-K, 10-Q and 8-K filed by Zoran Corporation and Microtune, Inc. with the Securities and Exchange

Commission for further information regarding risks and uncertainties that could cause actual results or events to

differ materially from those contained in the forward-looking statements included in this press release.   Zoran and

the Zoran logo are trademarks or registered trademarks of Zoran Corporation and/or its subsidiaries in the United

States

and/or

other

countries.

All

other

brands

or

names

may

be

claimed

as

property

of

others.

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3

Additional Information

Additional Information and Where to Find It 

Microtune is expected to file with the Securities and Exchange Commission (the “SEC”) a proxy

statement relating to the solicitation of proxies from Microtune’s stockholders in connection with the

proposed merger transaction, and may file other documents with the SEC regarding the proposed

merger transaction.  BEFORE MAKING ANY VOTING DECISION, MICROTUNE’S

STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND SUCH OTHER

DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY

BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT

THE PROPOSED MERGER TRANSACTION.  Microtune’s stockholders will be able to obtain,

without charge, a copy of the proxy statement, as well as such other documents, at the SEC’s

website (http://www.sec.gov) once such documents are filed with the SEC.  Microtune’s stockholders

will also be able to obtain, without charge, a copy of the proxy statement and such other documents

when they become available by directing a request by mail or telephone to Microtune, Inc., 2201

10th Street, Plano, Texas  75074, Attention: Investor Relations Department, (972) 673-1850.  

Participants in the Solicitation

Zoran and its directors and executive officers and other persons may be deemed to be participants

in the solicitation of proxies in respect of the proposed merger transaction.  Information regarding

Zoran’s directors and officers is available in Zoran’s proxy statement for its 2010 annual meeting of

stockholders and Zoran’s 2009 Annual Report on Form 10-K, which were filed with the SEC on April

29, 2010 and March 1, 2010, respectively. Additional information regarding the interests of

participants in the solicitation of proxies in connection with the proposed merger transaction will be

included in the proxy statement expected to be filed by Microtune with the SEC.

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4

What are we announcing?

Zoran to acquire Microtune, a leader in

Silicon Tuner and RF technology

Microtune products are used

in Digital Television and Set-top-Box

Merger creates a powerhouse technology company with        

strong RF, analog and digital engineering capabilities

How We Fit Together?

Offers a broader product portfolio for our customers

Tuners, Demods and Back-End SoCs

New integration opportunities strengthen future products

Combined technical team of more than 1000 engineers

to innovate advanced technologies and solutions

The merger adds the next blocks in the system to

offer a complete end-to-end solution

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5

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6

CMOS Tuners

New Family

Demodulators

New MT886x

Broad range of market-proven products for TV and STB

Rich portfolio: Tuners, Demods, RF-to-Digital Converters

Specialized team experienced in RF and digital technologies

Strong base of industry-leading customers:  ARRIS, ADB, Cisco, Motorola,

Panasonic, Samsung

Global

operations

and

infrastructure

-

about

270

worldwide

employees 

Design centers in Dallas (HQ), Germany and Shanghai

Local customer support: US, Europe, China, Taiwan, Japan and Korea

Who Is Microtune?

Leading global supplier of RF Silicon Tuners

MicroDigitizers

New MT3511

MicroReceivers

New MT3141

RF-to-Baseband 

Integrated Tuner +

Analog Demod

RF analog with 

Analog-to-Digital

Converter

Tuners

16 Products

Highly integrated

all-digital tuners

for cable TV

CTTB-

complaint

solutions for China

DTV

Demodulators

2 Products

Digital

Demodulators 

RF analog,

digital and

hybrid

Family of New Products

Current Portfolio

Target Applications

Broadcast Type

Cable

Transmission

Data/Voice

Cable Modems

Terrestrial (Off-Air) 

Transmission

Cable Set-Top

Boxes

Digital TV

Automotive          

In-Car TV

Car

Radio

Microtune Products

Tuners Transform RF Signals into Digital Video, Audio and Data

Tuners Control the Quality of the User Experience

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8

Microtune Technology Deployed by Industry Leaders

Auto Radio & TV

Cable Modems  & Set-Tops

DTV  & Peripherals

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9

Transaction Overview

Zoran to acquire Microtune for $166 million

$84 million, net of cash

Deal expected to close Q4’10

Microtune will become the Zoran Broadband Receiver

Business Unit

Operating under Zoran’s Home Entertainment Division

Responsible for development and marketing of Tuner and Receiver

products for Digital Television and Set-top-box

Strategic benefits 

Competitive advantage with integrated Tuner, Demod and SoC

End-to-End solution, support and qualification service

Offer receivers and communication devices to address the emerging

home connected era  

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10

General Timeline

Phase I -

Planning

Led by Integration Team

Planning all aspects of the new, combined company

Both companies continues business as usual

Phase II -

Integration

Starts immediately after deal closes

Gradually work as a single company

Goal to complete most integration tasks within 90 days

September

Q4 ‘10

Phase I

Phase II  -

Integration

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11

What happens prior to Close?

Series of calls and visits are planned to inform

customers, partners and suppliers on both sides

“Business as usual”

We expect minimal disruptions to our operations, customer’s

business and product flow 

We will continue to execute on our business plan

Your action:

Continue to support customers and partners with the same high

levels of quality and commitment

Continue to deal with our long-term vendors as usual

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12

Zoran and Microtune to join forces to become a bigger and more

competitive player in the markets we serve

Deliver cutting-edge integrated systems for STB and DTV markets

Complementary customer bases enabling multiple cross-selling

opportunities

Full service  -

One Stop Shop for our customers

Deliver flexible platform solutions for global markets 

Exciting New Opportunities

Vision: To be the Recognized Leader

of SOC Solutions for Home Entertainment