MULTILINK EXECUTIVES ADOPT 10b5-1 TRADING PLANS
Somerset, New Jersey-(Business Wire)--August 16, 2001--Multilink Technology
Corporation (Nasdaq: MLTC) today announced that its Chief Executive Officer,
President and Co-Chairman, Dr. Richard Nottenburg, and the other members of
Multilink's executive team have each initiated a structured trading plan to sell
a portion of their Multilink stockholdings commencing after the expiration of
their current 180-day IPO lock-up periods. The other executives that have
entered into trading plans are Dr. Jens Albers, Executive Vice President and
Co-Chairman, Eric M. Pillmore, Chief Financial Officer, Craig Lewis, Senior Vice
President-Sales, and Ronald Krisanda, Senior Vice President-Operations. The
plans, adopted under the new SEC rule 10b5-1, are designed to avoid any real or
perceived conflicts of interest that might arise from their involvement with the
company, while enabling the executive officers to diversify their respective
holdings.
The trading plans, other than Dr. Nottenburg's, generally provide for
monthly sales subject to specified volume limits and minimum price requirements.
These plans will commence in December 2001, following the expiration of lock-up
agreements between the executives and the underwriters in Multilink's recent
initial public offering.
Dr. Nottenburg has been a shareholder and founder of Multilink since 1994.
Upon commencement of his plan in January 2002, Dr. Nottenburg will hold or have
options to purchase approximately 13.9 million shares of Multilink common stock.
Dr. Nottenburg's trading plan will result in him selling approximately 9% of
such shares in 2002, including vested and unvested options. Dr. Nottenburg's
plan provides for sales of 100,000 shares during each month beginning in January
2002, on the open market and at prevailing market prices without minimum price
requirements. The plan has no termination date.
The sales plans allow Multilink's executives to monetize and diversify a
portion of their equity holdings. Sales under the plans will be effected in a
systematic manner with the goal of minimal market impact and compliance with
regulations adopted by the Securities and Exchange Commission last year.
About Multilink:
Multilink Technology Corporation designs, develops and markets advanced mixed
signal integrated circuits, modules, VLSI products and higher-level assemblies
designed to enable the next generation of high-speed optical networking systems.
By providing our customers with sophisticated products developed by utilizing
systems level expertise and a high level of component integration, we facilitate
our customers' ability to meet their time-to-market requirements. Our products
span the markets from Metro to Ultra Long Haul optical transport equipment with
a focus on the fastest commercially available speeds of 10 Gb/s and higher.
Multilink is headquartered in Somerset, New Jersey with additional offices
located throughout North America and Europe.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This release may contain forward-looking statements that are based on our
current expectations, estimates and projections about our industry, and reflect
management's beliefs and certain assumptions made by us based upon information
available to us at this time. Any statements that refer to expectations,
projections or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking statements. These
statements speak only as of the date hereof. Such information is subject to
change, and we will not necessarily inform you of such changes. These statements
are not guarantees of future performance and are subject to risks, uncertainties
and assumptions that are difficult to predict. Therefore, our actual results
could differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors. Our Form 10-Q for the
quarter ended June 30, 2001 and our other SEC filings discuss some of the
important risk factors that may affect our business, results of operations and
financial condition. Multilink Technology Corporation undertakes no obligation
to revise or update publicly any forward-looking statements for any reason.
For more information, please contact:
Richard Sawchak, Director-Investor Relations
Multilink Technology Corporation
300 Atrium Drive, 2nd Floor
Somerset, New Jersey 08873
Tel: (732) 537-3771
Fax: (732) 537-3781
E-mail: investors@mltc.com