February 2008
FREMONT, Calif., – Ikanos Communications, Inc., a leading developer and provider of Fiber Fast™ broadband solutions, announced that it has completed the purchase of Centillium’s DSL technology and assets in an all-cash transaction valued at approximately $12 million.
“Ikanos is well positioned to capitalize on the worldwide trend towards interactive broadband,” said Michael A.
Ricci, Ikanos’ president and CEO.
“We believe that the purchase of DSL assets and technologies from Centillium will enable us to accelerate our introduction of innovative, leadership products for the digital home and access infrastructure.”
Ikanos reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP) and
additionally on a non-GAAP basis.
Non-GAAP net income (loss), where applicable, excludes the income statement effects of stock-based compensation, restructuring charges, certain expenses incurred in connection with a common stock offering, and certain expenses resulting from acquisitions such as amortization of intangible assets, fair value adjustment of the acquired inventory and in-process research and development charges.
Ikanos has provided these measures because management believes these additional non-GAAP measures are useful to
investors for performing financial analysis as these additional measures highlight Ikanos’ recurring operating
results.
Ikanos’ management uses these non-GAAP measures internally to evaluate its operating performance and to plan for its future. However, non-GAAP measures are not a substitute for GAAP measures.
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