EX-99.2 4 f91777exv99w2.txt EXHIBIT 99.2 . . . EXHIBIT 99.2 FOR IMMEDIATE RELEASE
CONTACTS: Steve Moore Darby Dye Manfred Mueller Chief Financial Officer Investor Relations-US Investor Relations-Europe 510-360-2300 510 360 2302 +49 89 9595 5140 smoore@scmmicro.com ddye@scmmicro.com mmueller@scmmicro.de
SCM MICROSYSTEMS COMPLETES SALE OF DAZZLE(TM) DIGITAL VIDEO CONSUMER BUSINESS FREMONT, CALIF. - July 28, 2003 - SCM Microsystems, Inc. (Nasdaq: SCMM; Prime Standard: SMY), a leading provider of solutions that open the Digital World, announced today that it has completed the sale of its Dazzle digital video business to Pinnacle Systems, Inc. (Nasdaq: PCLE). Under the terms of the sale agreement announced June 30, 2003, Pinnacle has paid SCM 1,866,851 shares of Pinnacle common stock with an approximate market value of $21.5 million to purchase selected assets and liabilities of the digital video business. The sale includes all product rights, inventory, intellectual property, trade names and other rights related to the business. The sale is subject to post-closing cash adjustments relating to inventory, backlog, receivables and prorated royalty fees, as described in the Agreement that is attached to the Form 8-K being filed with the SEC today. ABOUT SCM MICROSYSTEMS SCM Microsystems is a leading supplier of solutions that open the Digital World by enabling people to conveniently access digital content and services. The company markets and sells its smart card reader technology for network and physical access and conditional access modules for secure digital TV decryption to OEM customers in the government, financial, enterprise and broadcasting markets worldwide. Global headquarters are in Fremont, California, with European headquarters in Ismaning, Germany. For additional information, visit the SCM Microsystems web site at www.scmmicro.com. ### Note: All trademarks are the property of their respective holders.