Gennum Provides Update and Outlines its Vision for Growth at its Investor Day Event

Gennum strongly positioned to capitalize on significant market expansion of high speed networks

BURLINGTON, ON, Oct. 28 /CNW/ - Gennum Corporation ("Gennum" or the "Company") (TSX: GND) today is holding an investor day event in Toronto to provide investors with a business update and a clear vision of the Company's growth strategy, prospects and future potential.

Outlining the vision for the Company during the investor day event, Dr. Franz Fink, President and Chief Executive Officer, is addressing Gennum's leadership position in the market for high speed mixed-signal ICs for high performance networking, storage and telecommunications applications.

The general managers of Gennum's three product groups - Analog & Mixed Signal Products, Optical Products and Snowbush IP, are addressing the compelling offerings of their product portfolios. With focused strategy and execution over the past three years, each product group has developed a strong foundation for growth with their differentiated products and is expanding customer relationships, achieving leading market positioning in their product categories.

"We are uniquely positioned to benefit from the high speed network expansion that is underway globally," said Dr. Fink. "With clear and differentiated technology leadership in this market, we are well positioned to deliver profitable growth in 2010 and beyond."

"Long-term growth based on market fundamentals and our technology leadership is promising," commented Mr. Gordon Currie, Senior Vice President, Finance & Administration and Chief Financial Officer. "After a couple of tough quarters during this economic downturn, visibility has significantly improved, as is evidenced by positive order trends and new customer traction."

During its Investor Day event, beyond outlining its broader strategy and vision, the Company is reporting that:

• The positive trends in bookings and order flow previously reported by Gennum have continued to date, with improved visibility as lead-times get longer.
• With increasing volumes, gross margins are improving from those experienced in Q3 2009.
• Free cash flow is expected to improve in-line with the rest of Gennum's business, with free cash flow expected to be positive in 2010.
• New product introductions are showing momentum with customer wins, with new products growing as a percentage of revenue.
• The Company remains committed to its previously disclosed objectives of greater than industry revenue growth, industry leading gross margins and delivering greater than 20% operating earnings.

Gennum Corporation Investor Event
October 28, 2009, 8:30 AM ET

To listen to this event, please enter http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2861760 in your web browser.

About Gennum
Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world’s most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company’s proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. An award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, India and the United Kingdom. www.Gennum.com.

Gennum Media Contact:
Keri Fraser
<!-- Director of Corporate Communications
//-->Gennum Corporation
613-270-0458 x 2909
keri.fraser@gennum.com

Gennum Investor Relations Contact:
Gord Currie
Senior Vice-President, Finance & Administration and CFO
Gennum Corporation
(905) 632-2999 x3060
gord.currie@gennum.com

Caution Regarding Forward-Looking Information
This news release contains statements which constitute forward-looking statements. These forward-looking statements are not descriptive of historical matters and refer to management’s expectations or plans. These statements include but are not limited to statements concerning: Gennum’s plans and expectations relating to improvements in profitability and cash flow and the achievement of business model targets and levels, the reduction of corporate and operations costs and capital expenditures and marketing, sales and administration expenses; expected operational expense savings and estimated severance and related costs, and the estimated charges relating thereto and to impairments; and Gennum’s business objectives and future financial performance and prospects. Inherent in forward-looking statements are risks and uncertainties beyond Gennum’s ability to predict or control including but not limited to risks associated with: Gennum’s ability to complete the actions referred to in this news release within anticipated timeframes and to successfully realize the expected improvements therefrom; compliance with local employment legislation and requirements and the possible initiation and outcome of legal proceedings; and other risks facing Gennum’s business including competitive and pricing pressures and economic cycles in the semiconductor industry, fluctuations in foreign exchange rates and their potential adverse impact upon Gennum’s financial results, and Gennum’s ability to attract and retain key personnel necessary for its business. Please also refer to the sections entitled “Risks and Uncertainties” in Gennum’s 2008 annual report and “Risk Factors” in Gennum’s annual information form dated February 23, 2009. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect including but not limited to the following assumptions: Gennum is able to successfully complete the actions referred to herein within the timeframe and with associated expense savings generally as anticipated and without unforeseen significant costs or delays; assumptions relating to severance and related costs and to charges; customer demand for Gennum’s products remains generally as anticipated; Gennum’s is able to execute its product roadmap without delays or disruptions having a material impact on Gennum; Gennum’s expectations relating to competitive pressures, including pricing pressures, are not materially incorrect; significant fluctuations in foreign exchange rates which significantly adversely affect Gennum’s financial results do not arise; and Gennum is able to continue to retain and attract technical and other key employees. Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. Events or circumstances could cause Gennum’s actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Consequently, readers should not place any undue reliance on these forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. Gennum disclaims any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.