Filed by: LSI Logic Corporation
pursuant to Rule 425
under the Securities Act of 1933 and
deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: LSI Logic Corporation
Commission File No. 1-10317
To LSI and Agere Employees:
January 4th marked a new beginning between LSI and Agere at our Integration Planning Kickoff
meeting in Dallas, Texas. For a day and a half, executive leaders and key stakeholders from both
business and functional units met to begin learning about each others organizations and our
collective processes. I was extremely pleased to see how well both companies quickly engaged with
each other, which is a testament to our similar corporate cultures and is a leading indicator of a
constructive collaboration going forward.
As a result of the kickoff meeting, small teams from each company have been formed to manage the
integration planning process. An Integration Steering Team consisting of myself, Rick Clemmer,
Bryon Look, and Peter Kelly will govern the planning process and team leaders from both LSI and
Agere have been assigned for every business unit and function to ensure a balanced effort. Over the
course of the next several months these teams will focus on planning combined, highly-effective
organizations and for a seamless transition to becoming one company. As these teams meet critical
milestones, I will provide updates on our progress. Until we can close the merger transaction, we
will continue to operate as two separate companies focused on achieving our separate objectives.
This is an exciting time in the history of both companies. The proposed corporate organization
structure and management appointments have been well-received by many of our customers, investors
and analysts. Based on the rich heritage of both companies, we will have an incredible foundation
that will allow us to change the industry landscape and reposition our combined company to become a
Tier 1 player. Over the next few months, I look forward to conducting open forums and receiving
your feedback as we chart a new course for the combined company. Until then, the most important
thing everyone can do is to continue focusing on your customers, projects, and suppliers to deliver
on the annual plan.
Abhi
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This communication may be deemed to be solicitation material in respect of the proposed transaction
between Agere Systems Inc. (Agere) and LSI Logic Corporation (LSI). In connection with the
proposed transaction, Agere and LSI intend to file relevant materials with the Securities and
Exchange Commission (the SEC), including the filing by LSI with the SEC of a Registration
Statement on Form S-4 (the
Registration Statement), which will include a preliminary prospectus and related materials to
register the shares of LSI common stock to be issued in the merger, and LSI and Agere plan to file
with the SEC and mail to their respective stockholders a Joint Proxy Statement/Prospectus relating
to the proposed transaction. THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS
WILL CONTAIN IMPORTANT INFORMATION ABOUT LSI, AGERE, THE TRANSACTION AND RELATED MATTERS. INVESTORS
AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY
STATEMENT/PROSPECTUS CAREFULLY WHEN THEY ARE AVAILABLE. Investors and security holders will be able
to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and
other documents filed with the SEC by LSI and Agere through the website maintained by the SEC at
http://www.sec.gov. In addition, free copies of the Registration Statement and the Joint Proxy
Statement/Prospectus and other documents will also be available when they become available on the
Agere website at http://www.agere.comwww.agere.com and on the LSI website at http://www.lsi.com.
The Registration Statement, the Joint Proxy Statement/Prospectus and other relevant documents may
also be obtained free of charge from Agere by directing such request to Investor Relations, Agere
Systems Inc., 1110 American Parkway N.E., Allentown Pennsylvania 18109 and from LSI by directing
such request to Investor Relations, LSI Logic Corporation, 1621 Barber Lane, Milpitas, California
95035. The contents of the websites referenced above are not deemed to be incorporated by reference
into the Registration Statement or the Joint Proxy Statement/Prospectus. Agere, LSI and their
respective officers, directors and employees may be deemed to be participants in the solicitation
of proxies from their respective stockholders with respect to the proposed transaction. Information
regarding the interests of these officers, directors and employees in the proposed transaction will
be included in the Joint Proxy Statement/Prospectus.
Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on
managements current expectations and beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those described in the
forward-looking statements. The forward-looking statements contained in this document include
statements about future financial and operating results; benefits of the transaction to customers,
shareholders and employees; potential synergies and cost savings resulting from the transaction;
the ability of the combined company to drive growth and expand customer and partner relationships
and other statements regarding the proposed transaction. These statements are not guarantees of
future performance, involve certain risks, uncertainties and assumptions that are difficult to
predict, and are based upon assumptions as to future events that may not prove accurate. Therefore,
actual outcomes and results may differ materially from what is expressed herein. For example, if
LSI and Agere do not each receive required shareholder approval or the parties fail to satisfy
other conditions to closing, the transaction will not be consummated. In any forward-looking
statement in which LSI or Agere expresses an expectation or belief as to future results, such
expectation or belief is expressed in good faith and believed to have a reasonable basis, but there
can be no assurance that the statement or expectation or belief will result or be achieved or
accomplished. The following factors, among others, could cause actual results to differ materially
from those described in the forward-looking statements: failure of the LSI and Agere shareholders
to approve the proposed merger; the challenges and costs of closing, integrating, restructuring and
achieving anticipated synergies; the ability to retain key employees; and other economic, business,
competitive, and/or regulatory factors affecting the businesses of LSI and Agere generally,
including those set forth in the filings of LSI and Agere with the Securities and Exchange
Commission, especially in the Risk Factors and Managements Discussion and Analysis of Financial
Condition and Results of Operations sections of their respective annual reports on Form 10-K and
quarterly reports on Form 10-Q, their current reports on Form 8-K and other SEC filings. LSI and
Agere are under no obligation to (and expressly disclaim any such obligation to) update or alter
their forward-looking statements whether as a result of new information, future events, or
otherwise.