Microtune Announces Share Repurchase Program

    PLANO, Texas--July 22, 2002--Microtune today announced that its Board of Directors has authorized the Company to repurchase up to 5,325,000 shares of its common stock. The repurchase program is effective July 23, 2002. The Company may repurchase the shares from time to time in open market or private transactions, subject to market conditions and trading restrictions. The purchases may be commenced or suspended at any time without prior notice.
    "Our board has made the decision to proceed with this share repurchase program because we believe that it will increase shareholder value. This buyback program represents a strong vote of confidence in Microtune's future," said Douglas J. Bartek, Microtune's Chairman and CEO.
    As of June 30, 2002, the Company had approximately 53.3 million shares outstanding.

    ABOUT MICROTUNE

    Microtune, Inc. is a leading silicon and systems company that designs, manufactures and markets radio frequency (RF)-based solutions for the global broadband communications, automotive electronics and wireless connectivity markets. Inventors of the MicroTuner(TM) single-chip broadband tuner, the Company offers a portfolio of advanced tuner, amplifier, transceiver and wireless products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 14 U.S. patents for its technology, with more than 50 applications pending approval that span its RF and wireless products, containing almost 2000 supporting claims. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design, manufacturing and sales centers located around the world. The web site is www.microtune.com.
    Microtune is traded on the NASDAQ Stock Exchange under the symbol TUNE.

    EDITORS NOTE: Microtune is a registered trademark and MicroTuner, VideoCaster and MicroStreamer are trademarks of Microtune, Inc.