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NetLogic Microsystems Reports Inducement Grants Under NASDAQ Marketplace Rule 5635
November 06, 2009 -- MOUNTAIN VIEW, Calif., BUSINESS WIRE --
NetLogic Microsystems, Inc. (NASDAQ:NETL), a worldwide leader in high-performance intelligent semiconductor solutions for next-generation Internet networks, today announced that on November 5, 2009 the compensation committee of the company's board of directors approved the grants to a total of 18 new employees of the company of restricted stock units representing the right to acquire up to 58,886 shares of common stock. The restricted stock units were granted as inducements material to employment under the company's 2008 New Employee Inducement Incentive Plan in accordance with NASDAQ Marketplace Rule 5635(c)(4).
About NetLogic Microsystems
NetLogic Microsystems, Inc. (NASDAQ:NETL) is a worldwide leader in high-performance intelligent semiconductor solutions that are powering next-generation Internet networks. NetLogic Microsystems' best-in-class products perform highly differentiated tasks of accelerating complex network traffic to significantly enhance the performance and functionality of advanced 3G/4G mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks. NetLogic Microsystems' market-leading product portfolio includes high-performance multi-core processors, knowledge-based processors, content processors, network search engines, ultra low-power embedded processors and high-speed 10/40/100 Gigabit Ethernet PHY solutions. These products are designed into high-performance systems such as switches, routers, wireless base stations, security appliances, networked storage appliances, service gateways and connected media devices offered by leading original equipment manufacturers (OEMs). NetLogic Microsystems is headquartered in Mountain View, California, and has offices and design centers throughout North America, Asia and Europe. For more information about products offered by NetLogic Microsystems, call +1-650-961-6676 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.
NetLogic Microsystems and the NetLogic Microsystems logo are trademarks of NetLogic Microsystems, Inc.