Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 1 Employee Meeting Zoran and Microtune Merger September 13, 2010 * * * Exhibit 99.1 |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 2 Important Additional Information Regarding the Merger will be filed with the SEC. Microtune, Inc. (“Microtune”) plans to file with the Securities and Exchange Commission (the “SEC”) and mail to its stockholders a proxy statement in connection with the proposed merger with Maple Acquisition Corp., pursuant to which Microtune would be acquired by Zoran Corporation (the “Merger”). Investors and stockholders are urged to read the proxy statement carefully when it becomes available because it will contain important information about the Merger and the parties to the merger. Investors and stockholders may obtain a free copy of the proxy statement (when available) and other documents filed by Microtune at the SEC website at http://www.sec.gov. The proxy statement and other documents also may be obtained for free at Microtune’s Internet website at http://phx.corporate- ir.net/phoenix.zhtml?c=121862&p=irol-sec or from Microtune by contacting Investor Relations by telephone at 972-673-1850 or by mail at Microtune, Inc., 2201 10th Street, Plano, Texas, 75074, Attn: Investor Relations Department. Microtune and Zoran and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed participants in the solicitation of proxies from its stockholders in connection with the proposed Merger. 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. Information concerning the interests of Microtune’s participants in the solicitation, which may, in some cases, be different than those of Microtune stockholders generally, is set forth in Microtune’s proxy statement for its 2010 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on April 9, 2010 and available on Microtune's website at http://phx.corporate-ir.net/phoenix.zhtml?c=121862&p=irol-sec , and will be set forth in the proxy statement relating to the merger when it becomes available. |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 3 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 our target 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 Integrated Solutions for Home Entertainment |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 4 Zoran - Pioneer in Digital Multimedia |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 5 Zoran’s Global Offices Headquarters: Sunnyvale, California 10 Countries, ~1250 Employees, ~900 Engineers |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 6 $2,300M $2,886M $3,486M $3,802M $3,846M - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2009 2010 2011 2012 2013 Zoran Markets are Growing (SAM, $M) STB: Cable DTA, Pay Sat DTV: Europe/APAC/China WW-FRC HD Multimedia Players: Blu-ray, HQ-DVD, MMP SD Multimedia Players: DVDP, … Laser Printer STB: FTA, WW Cable DTV: ATSC, Japan Compact Camera Camera: China DVC, DSLR, Surveillance SAM $M CAGR 2009-2013 All Markets: 14% Investment markets: 41% Sources: DisplaySearch, IDC, IMS, TSR, InStat, Gartner (Dec-08 – Nov-09); Zoran estimates and analysis Printer Software Digital Video Camera SAM=Served Available Market (once Zoran solution is available) |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 7 Global DTV FRC (120/240Hz) 3D & Connected TV Global Pay-Cable/Satellite Markets and Cable-DTA Expanding Zoran’s Core Markets: Growth Vectors Blu-ray Players Connected Players/ Adaptors DVD (Red Laser) Home Entertainment Division Imaging Division Mobile Division Mobile Printing, Windows 7 Compatibility, HW+SW Bundles, Fonts Desktop Color, MFPs up to A3, Scanners HD Video Camera DSLR IP / Surveillance Camera |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 8 Key Customers and Partners |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 9 Mobile (Camera) Products Best still photography in the market Advanced Noise Reduction Accurate Color Reproduction Multi-face tracking, Single and Multi-Frame High Dynamic Range Lens distortion, aberration and shading corrections Best video experience 720p, 1080p video codec Photography level image pipe for video processing Best low-light sensitivity Multi-face tracking in video Digital video stabilization and rolling shutter artifacts removal Samsung Cisco Flip Sony Fujifilm Nikon COACH ® |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 10 Imaging (Printer) Products Industry’s only complete HW+SW solution Universal print language interpreter Energy-efficient multicore architecture Concurrent rendering and DSP acceleration for optimized performance Family of processors with range of price & performance that spans customers’ product lines HP Xerox Canon Konica Minolta Kyocera Mita Epson Check Scanner Ricoh Okidata Quatro® |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 11 Home Entertainment (DTV) Products SupraHD® & SupraFRC® Complete Solution HW&SW Advanced Demod and Video processing Solutions for 120/240Hz panels State-of-Art object-based technology Advanced cadence detection LED Backlight control 3D TV Support – optimized Left- Right presentation (patent pending) LVDS Tuner Memory Display Engine Video Processing NTSC/DVB HDMI MPEG Decoder Demodulator HD Analog In TV Microcontroller LCD Timing Controller Ethernet Connectivity USB and TVMM 120Hz FRC Multi-format Decoder LED Backlight Technology |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 12 Home Entertainment (DTV) Products LVDS Tuner Memory Display Engine Video Processing NTSC/DVB HDMI MPEG Decoder Demodulator HD Analog In TV Microcontroller LCD Timing Controller Ethernet Connectivity USB and TVMM 120Hz FRC Multi-format Decoder LED Backlight Technology |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 13 Home Entertainment (STB & MMP ) Products SupraXD® & SupraTV ® Satellite, Cable and DTA STB High performance multi-standard decoder in single chip: H.264 / MPEG-2 / VC1 High quality Zoran picture enhancement technology Advanced Conditional Access security (NDS, Nagra, Irdeto, downloadable) Integrated Demodulator Audio/Video/JPEG Decoding Ethernet / USB / SATA Connectivity 1080P HDMI Output Low Cost BOM Design VaddisHD® Blu-ray with integrated Front-end HD Media Players, Media Adapters and Picture Frames Premium Red Laser DVD – HDMI, Car Entertainment, Portable |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 14 New HDTVs with Zoran Westinghous e Over 100 new TVs with Zoran SOCs Sharp Haier Sanyo Toshiba Nearly 40 new models Best Buy New LED TVs Sylvania, Emerson, Funai Hitachi Philips Magnavox Vizio Homecast HD MPEG4 PVR, Zapper Box Cisco NEW iDTA STB SupraTV ® 235 SOC Europe HD Satellite STBs SupraXD® SOC Konka Humax HD MPEG-2 Japan Cable & SatelliteSTBs Gen9® SOCs Eagle Oberon HD MPEG-4 PVR SupraXD ® 180 SOC |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 15 Merger creates a powerhouse technology company with strong RF, analog and digital engineering capabilities Zoran Demod / Back-end SOC Microtune Tuner / Demod How Do 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 |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 16 The Home Entertainment Center Synergy between STB, TV & Camera Chatting at living room USB HDD USB Drive Xunei Network Attached Storage Internet Study Room PC Home Network Notebook PC Internet Remote PC Remote server Download or Streaming Online Karaoke Record and Share personal video Video Conferencing Z + M Z + M M |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 17 Microtune Group Key Objectives 1. To develop and market Tuners and Receiver Products for Digital Television, Set-top-box, Cable Modem and Automotive 2. Responsible for the development & Integration of IP for Zoran DTV and STB SoCs 3. Expand into new areas and provide RF & Front-End for Communication/Connectivity (MoCA, Powerline, Others….) |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 18 Zoran Organization Chart After Close Microtune will become the Zoran Broadband Receiver Business Unit Finance, IT, Facility and other function will part of the relevant organizations Barbara BBR HR Connie Bray VP Human Resources (Sunnyvale) Ram Ofir Sr. VP and GM, Home Enter (Sunnyvale) Karl Schneider Sr. VP and CFO (Sunnyvale) Isaac Shenberg Sr. VP, Bus Dev and Corp Marketing (Haifa) Simon Dolan Sr. VP and GM Imaging (Boston) Ohab Meitav VP and GM Mobile (Sunnyvale) Mustafa DTV BU VP & GM Ram (Acting) STB BU VP & GM Tzach Hadas, VP Operations (Haifa) Charlie Parr VP Worldwide Sales (Sunnyvale) Eddie BBR Operation Rob VP Sales Americas & EU Barry BBR BU VP & GM Levy Gerzberg, President and CEO (Sunnyvale) |
Zoran Proprietary and Confidential – Not For Redistribution Copyright 2010 Zoran Corporation All Rights Reserved <Employee Meeting> – Sept. 8, 2010 19 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 our target 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 Integrated Solutions for Home Entertainment |