National Semiconductor Press Release


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National Semiconductor Invests $5.0 Million in Boca Research

Companies Announce Cooperative Development and Licensing Agreement

September 23, 1999 - Boca Research, Inc.? (Nasdaq:BOCI) and National Semiconductor? Corporation today announced the signing of a definitive agreement whereby National Semiconductor will purchase 691,085 newly issued shares, or approximately 6% of the currently outstanding Boca Research common stock, at a purchase price of $7.235 per share, for an aggregate purchase price of approximately $5.0 million in cash.

This investment transaction, which is subject to customary closing conditions, is expected to close by October 1999. In addition, the companies have also entered into a cooperative development and licensing agreement.

Anthony F. Zalenski, Boca Research's president and chief executive officer, commented "We are delighted to be working closely with National Semiconductor. Their investment in our Company will provide added capital to enable us to continue to execute our new strategy, which is focused on supplying information appliances and thin client/server computing devices to these growing markets. This further strengthens the National Semiconductor/Boca Research/Philips relationship which was created to provide solutions, such as the forthcoming AOL TVSM capability, to the consumer Internet user."

In May 1999, National Semiconductor and Boca Research announced that National's Geode? GXm processor had been chosen by America Online to power its first-generation set-top boxes that are the key to the development of AOL TV. The set-top boxes, based on a hardware reference design by Boca Research, will help bring enhanced television-viewing experience without the cost and complexity of personal computers.

"We are excited to be a technology partner with Boca Research," said Brian Halla, chairman, chief executive officer, and president of National Semiconductor. "Our information appliance thrust and our Geode family of products are enabling Boca Research to bring consumers new types of information access devices beyond the traditional desktop PC. The Geode with its x86 architecture, low power consumption and high level of integration allows Boca Research to create exciting products that deliver fully compatible interactive services."

Portions of this news release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements involve risks and uncertainties. Specifically, the agreement among the parties is subject to certain closing conditions, including no material adverse changes in Boca Research's business. Such risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this release.

About National Semiconductor
National Semiconductor provides system-on-a-chip solutions for the information age. Combining real-world analog and state-of the-art digital technology, the company's chips lead many sectors of the personal computer, communications, and consumer markets. With headquarters in Santa Clara, California, National reported sales of $2 billion for its last fiscal year and currently has about 11,000 employees worldwide. Additional company and product information is available on the World Wide Web at www.national.com.

Boca Research Corporate Information
Founded in 1985, Boca Research is a leading provider of hardware and software technology. Boca Research provides communications solutions that enable data transmission, connectivity of devices, and access to applications and information via the Internet, personal computers, and/or server-based environments. The Company designs, manufactures, markets, and supports quality, innovative products that have a cost, performance, and time-to-market advantage.

Boca Research markets modems, I/O cards, and multiport products under the Boca Research brand name. The Company also markets Macintosh? peripherals and software under the Global Village? brand name, as well as thin client/server computing devices and information appliances under the BocaVision? brand name.

Products are sold worldwide through original equipment manufacturers (OEMs), wholesale distributors, and/or retailers. The thin client products are sold only through value-added resellers. Boca Research is a U.S. corporation headquartered in Boca Raton, Florida with international operations and ventures worldwide.

Notes to Editors: For copies of recent press releases from Boca Research via fax, call 800-331-1323. For product or company information via the Internet, visit our Web sites at http://www.bocaresearch.com, http://www.globalvillage.com
 
Boca Research Inc., Boca, and Global Village are registered trademarks, and BocaVision is a trademark of Boca Research, Inc.
National Semiconductor is a registered trademark of National Semiconductor Corporation. All other brand or product names are trademarks or registered trademarks of their respective holders.

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