Tax Basis Worksheet
Please be aware that the information contained herein is general in nature and should not be construed to be legal, business, or tax advice. You should consult your personal tax advisor as to the particular tax consequences of each transaction highlighted here, including the applicability and effect of any state, local, and foreign tax laws.
On June 25, 2002, Conexant Systems completed the pro rata distribution of outstanding shares common stock of Washington Sub, Inc. to holders of Conexant common stock on a one-for-one basis. Following that distribution, Washington merged its operations into Alpha Industries, Inc. and the owners of Washington (via Conexant) received 35 shares of Alpha for every 100 shares of Washington owned. Upon completion of the merger, Alpha changed its name to Skyworks Solutions, Inc. Conexant received a ruling from the Internal Revenue Service, which in effect stated that the distribution qualified as a tax-free distribution. Therefore, the tax basis allocation of the spin-off should be:
Conexant Systems 37.91%
Skyworks Solution 62.09%
(Based upon the cost basis of Conexant stock purchased or owned prior to 06/25/2002)
For detailed information please go to Investor Relations on the Skyworks website www.skyworksinc.com