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Mindspeed Completes $6 Million Sale of Non-core Intellectual Property

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it closed the sale of certain non-core patents for $6 million, which will be reported as GAAP revenue in the company's fiscal first quarter of 2013. Specific terms of the sale are confidential.