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8-K - 8-K - CONEXANT SYSTEMS INCa55378e8vk.htm
EX-1.1 - EX-1.1 - CONEXANT SYSTEMS INCa55378exv1w1.htm
EX-99.1 - EX-99.1 - CONEXANT SYSTEMS INCa55378exv99w1.htm
EX-10.1 - EX-10.1 - CONEXANT SYSTEMS INCa55378exv10w1.htm
Exhibit 5.1
(O MELVENTY & MYERS LLP LOGO)
         
BEIJING
  400 South Hope Street   SAN FRANCISCO
BRUSSELS
  Los Angeles, California 90071-2899   SHANGHAI
CENTURY CITY
      SILICON VALLEY
HONG KONG
  TELEPHONE (213) 430-6000   SINGAPORE
LONDON
  FACSIMILE (213) 430-6407   TOKYO
NEWPORT BEACH
  www.omm.com   WASHINGTON, D.C.
NEW YORK
       
March 4, 2010
Conexant Systems, Inc.
4000 MacArthur Boulevard
Newport Beach, CA 92660
     RE:    Registration of Common Stock of Conexant Systems, Inc.
Ladies and Gentlemen:
     We have acted as special counsel to Conexant Systems, Inc., a Delaware corporation (the “Company”), in connection with the issuance of 14,000,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), and up to an additional 2,100,000 shares of Common Stock issuable upon the exercise of an over-allotment option granted to Goldman, Sachs & Co. (collectively, the “Shares”) pursuant to that certain Underwriting Agreement, dated March 4, 2010 (the “Underwriting Agreement”), between the Company and Goldman, Sachs & Co., as representative of the several underwriters named therein. The Shares are being issued pursuant to the Registration Statement on Form S-3 (Registration Nos. 333-164348) (the “Registration Statement”), filed by the Company with the Securities and Exchange Commission for the purpose of registering the sale of up to an aggregate of $100,000,000 of Common Stock of the Company under the Securities Act of 1933, as amended (the “Securities Act”), the prospectus dated January 25, 2010 (the “Base Prospectus”), and the prospectus supplement dated March 4, 2010 (the “Prospectus Supplement”). The Base Prospectus and the Prospectus Supplement are collectively referred to as the “Prospectus.”
     In our capacity as such counsel, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such corporate and other records and documents as we considered appropriate including, without limitation (i) the Registration Statement; (ii) the Prospectus; (iii) the Amended and Restated Certificate of Incorporation of the Company, as amended and presently in effect; (iv) the Amended Bylaws of the Company, as presently in effect; (v) the unanimous written consents executed by the Board of Directors of the Company on January 8, 2010 and February 25, 2010 relating to the issuance and sale of the Shares and related matters; (vi) the resolutions of the Pricing Committee of the Company relating to the pricing of the Shares; (vii) a specimen certificate representing the Common Stock; and (viii) the Underwriting Agreement.
     In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies and the authenticity of

 


 

O’Melveny & Myers llp
Conexant Systems, Inc., March 4, 2010 - Page 2
the originals of such documents. On the basis of such examination and subject to the limitations and assumptions in this opinion, we are of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, upon payment for and delivery of the Shares as contemplated by the Registration Statement and Prospectus, the Shares will be validly issued, fully paid and non-assessable.
     The law covered by this opinion is limited to the present General Corporation Law of the State of Delaware. We express no opinion as to the laws of any other jurisdiction and no opinion regarding the statutes, administrative decisions, rules, regulations or requirements of any county, municipality, subdivision or local authority of any jurisdiction.
     We hereby consent to the filing of this opinion as an exhibit to the Company’s Current Report on Form 8-K (event date of March 3, 2010) and to the reference to this firm under the heading “Legal Matters” in the Prospectus.
         
  Respectfully submitted,
 
 
  /s/ O’Melveny & Myers LLP