San Jose, California, August 7, 2000— Monolithic System
Technology, Inc. (“MoSys”) announced today that it has
filed a registration statement with the Securities and Exchange
Commission relating to the proposed initial public offering of its
common stock. The company expects that the offering will be completed
in the fourth quarter of 2000.
MoSys designs, develops, licenses and markets memory technologies
used by the semiconductor industry and electronic product manufacturers.
MoSys has patented an embedded-memory technology, called 1T-SRAM,
which offers a combination of high density, low power consumption,
high speed and low cost.
J.P. Morgan Securities Inc. will act as the lead underwriter of
the offering. The co-manager will be Wit SoundView Corporation.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission, but has not yet
become effective. These securities may not be sold, nor may offers
to buy be accepted, prior to the time the registration statement
becomes effective. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there
be any sale of these securities, in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
state or jurisdiction.