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In a release dated October 27, the company stated:

- For the third quarter ended September 30, PLX reported net revenues of $21.6 million, a 19 percent increase from the $18.2 million reported in the second quarter ended June 30, and a four percent increase from the $20.8 million reported in the third quarter ended September 30, 2008.

- The net loss for the third quarter ended September 30 was $1.9 million, or a loss of $0.05 per share (diluted). This compares with a net loss of $9.1 million, or a loss of $0.26 per share (diluted), in the second quarter ended June 30, and a net income of $798,000, or $0.03 per share (diluted), in the third quarter ended September 30, 2008.

- The company's gross margin for the third quarter ended September 30 was 56.3 percent, as compared with 55.6 percent for the second quarter ended June 30, and 58.5 percent for the third quarter ended September 30, 2008.

- Operating expenses were $14.2 million for the third quarter ended September 30 as compared with $16.6 million in the second quarter ended June 30, and $11.6 million in the third quarter ended September 30, 2008. Third quarter 2009 operating expenses included stock-based compensation expense of $164,000, amortization of acquired intangibles of $854,000 and restructuring costs of $171,000 associated with the downsizing of PLX's Singapore office. The company continues to reduce its recurring expenses.

- Cash and investments decreased by $229,000 in the quarter ended September 30. The company's $1.9 million quarterly loss includes non-cash items totaling $1.8 million. At September 30, cash and investments were $38.5 million, a decrease of $8.6 million from $47.1 million at December 31, 2008.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

"PLX chose TSMC as the foundry for its 40nm silicon development because of its technology leadership in 40nm geometry skills and a common vision of delivering timely product excellence," said Mike Grubisich, PLX(R) vice president of operations. "We expect to be first to market by delivering 40nm PCI Express Gen 3 switch samples to key customers and consequently retaining and increasing our commanding market lead."

PLX leadership in PCIe

PLX has shipped more than $100 million in revenue from its industry-leading PLX ExpressLane(TM) PCI Express family. With more than 65 percent of PCIe switch market share, PLX to date has shipped over five million switch and bridge units, including more than 16 million PCIe ports, to board and system designers worldwide. The company pioneered the PCIe switch and bridge market in 2002 and through innovation and differentiation has developed the industry's broadest product selection, which now numbers more than 40 feature-rich solutions. The ExpressLane family's flagship PCIe Gen 2-compliant 96-lane, 24-port PCIe switch offers the largest lane and port counts in the industry.

About PLX

PLX Technology, Inc. (NASDAQ:PLXT), based in Sunnyvale, Calif., USA, is an industry-leading global provider of semiconductor-based connectivity solutions primarily targeting the enterprise and consumer markets. The Company provides manufacturers worldwide with innovative software-enriched silicon through feature differentiation, high-quality interoperability and superior performance. www.plxtech.com.

ExpressLane, PLX Technology and the PLX Technology logo are trademarks or registered trademarks of PLX Technology, Inc. All other product names that appear in this material are for identification purposes only and are acknowledged to be trademarks or registered trademarks of their respective companies. Other names and brands may be claimed as the property of others.

SOURCE: PLX Technology, Inc.

CommonGround Communications (for PLX) 
Jerry Steach, 415-222-9996 
jsteach@plxtech.com

The new PEX 8625 and PEX 8636 communications switches are designed primarily for the control plane to provide connectivity to a large number of endpoints such as ASICs and FPGAs. A control plane, by the nature of data traffic, thrives in low latency and these PLX switches enable system designers to build control planes with the industry's lowest latency.

"PLX customers are on the cutting edge of product development, and we therefore design solutions tailored to specific markets such as communications," said David Raun, PLX vice president of marketing and business development. "With our unique ability to differentiate on both silicon and software for those customers, along with our broad selection of PCI Express Gen 2 solutions shipping today -- and with Gen 3 close on the horizon -- PLX is well positioned to continue to increase its leading market share."

PEX 8625 and PEX 8636 also offer Non-Transparency (NT) for system redundancy. PLX continues to be the only vendor providing the NT feature in all 22 of its Gen 2 switches. Additionally, an exclusive set of diagnostic and monitoring features, called visionPAK, are also integrated into all PLX Gen 2 switches and are focused on getting designs to market faster. Offered standard via the PLX software design kit (SDK), visionPAK includes the ability to access internal data paths and state machines for debugging systems; a tool to measure Rx eye width inside the device for validating signal integrity; a function to inject errors to check system behavior; loopback Tx to debug data paths, and the capability for packet performance/activity monitoring.

Leadership in PCI Express

PLX Technology today offers 22 PCIe Gen 2 switch devices and supporting software tools. These solutions include the industry's largest lane- and port-count switch at 96 lanes and 24 ports, down to a four-lane, four-port switch. PLX was first to market with PCIe switches in 2004 and has continued to innovate product designs to address varied markets worldwide. The company is now investing in the development of products compliant with the Gen 3 specification and is working closely with key designers and manufacturers to meet their PCIe needs.

Pricing and Availability

The PEX 8625 and PEX 8636 volume prices are $58.03, and $73.72, respectively. The switches are currently sampling and will be in full production later this quarter.

Press Graphics

A downloadable high-resolution press graphic can be found http://www.plxtech.com/about/news/archive/graphic_press_archive.

About PLX

PLX Technology, Inc. (Nasdaq:PLXT), based in Sunnyvale, Calif., USA, is an industry-leading global provider of semiconductor based connectivity solutions primarily targeting the enterprise and consumer markets. The Company executes on innovative software enriched silicon through feature differentiation, high-quality interoperability and performance. www.plxtech.com.

ExpressLane, visionPAK, PLX Technology and the PLX Technology logo are trademarks or registered trademarks of PLX Technology, Inc. All other product names that appear in this material are for identification purposes only and are acknowledged to be trademarks or registered trademarks of their respective companies. Other names and brands may be claimed as the property of others.

SOURCE: PLX Technology, Inc.

CommonGround Communications (for PLX) 
Jerry Steach, 415-222-9996 
jsteach@plxtech.com