Exhibit 99
     
Editorial Contact:
  Investor Relations Contact:
Gwen Carlson
  Bruce Thomas
Conexant Systems, Inc.
  Conexant Systems, Inc.
(949) 483-7363
  (949) 483-2698
CONEXANT MEETS FOURTH FISCAL QUARTER EXPECTATIONS AND
DELIVERS FULL-YEAR REVENUE GROWTH OF 34 PERCENT
Set-top Box Business Records Fifth Consecutive Quarter of Double-digit Growth
     NEWPORT BEACH, Calif., Oct. 26, 2006 —
Conexant Systems, Inc. (NASDAQ: CNXT) today announced fourth quarter and full-year financial results for fiscal 2006, which ended September 29, 2006. For the fourth fiscal quarter, the company reported revenues of $245.9 million, within the guidance range communicated at the beginning of the quarter. Conexant also met expectations for core gross margin improvement and core net income for the quarter. For the full fiscal year, the company delivered revenues of $970.8 million, a 34 percent increase from fiscal 2005 revenues of $722.7 million.
     Conexant presents financial results based on generally accepted accounting principles (GAAP) as well as selected non-GAAP financial measures intended to reflect its core results of operations. The company believes these core financial measures provide investors with additional insight into its underlying operating results. Core financial measures exclude non-cash and other non-core items as fully described in the GAAP to non-GAAP reconciliation in the accompanying financial data.
     Fourth quarter fiscal 2006 revenues of $245.9 million decreased 2.3 percent from third quarter fiscal 2006 revenues of $251.6 million, and were up 14.4 percent from $214.9 million in the fourth quarter of fiscal 2005. Core gross margins in the fourth quarter of fiscal 2006 increased to 45.8 percent of revenues, up 60 basis points from the 45.2 percent level of the prior quarter.
     Core operating expenses increased in the fourth quarter of fiscal 2006 to $91.8 million from $88.4 million in the prior quarter as a result of increased investments in new product development. Core operating expenses in the year-ago quarter were $79.9 million.


The following information was filed by Conexant Systems Inc (CNXT) on Thursday, October 26, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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