Texas Instruments to Sell Sensors Unit for $3 Billion to Private Investment Firm and STMicroelectronics Offers Turnkey Solution for Mobile WiMAX Base

Technology industry news provided by Financial News USA (OTC: FNWU) Texas Instruments Inc. (NYSE: TXN), one of the world's oldest and largest chip makers, said Monday it is selling its sensors and controls business for $3 billion in cash to Bain Capital LLC, a private investment firm. The sensor unit supplies engineered sensors and controls to the automotive, aircraft and appliance industries among others. The business is headquartered in Attleboro, Mass. It has about 5,400 employees in the Americas, Europe and Asia, and more than $1 billion in annual revenue. Shortly after the IEEE ratified the new 'mobile WiMAX' standard (802.16e), STMicroelectronics (NYSE: STM), a leading supplier of System-on-Chip (SoC) products for the wireless market, announces its turnkey solution for 802.16e base-station modems. Based on the market's first SoC baseband processor for wireless infrastructure applications (STW51000), ST's comprehensive WiMAX offering couples unequalled levels of silicon integration with optimized software libraries, opening a fast and cost-effective path to next-generation mobile broadband services.

Seamless Technology Inc. (OTC: SLSX) (www.seamlesstech.com), recently announced its subsidiary Pinneast.com, Inc. (www.pinneast.com) has been selected as part of a defense contractor team for the United States Army's Distributed Learning Education and Training Products (DLETP) program. The award was announced by Karta Technologies, Inc. (Karta), the largest privately-held defense contractor headquartered in San Antonio, TX. Karta will serve in the position of prime contractor for the team and the contract, which is estimated at $483 million over the next five years. PortalPlayer, Inc. (NASDAQ: PLAY), a leading supplier of advanced semiconductor, firmware and software solutions for the personal media player market, today announced that it will release its fourth quarter and fiscal year 2005 financial results on Thursday, January 26, 2006 following the market close.

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