Agoura Hills, CA, February 15, 2002 - Internet Machines Corporation developer of the IMpower™ family of network processing, traffic management, and switching semiconductors for 10 Gbps Ethernet and OC-192c optical equipment, will present at the Semiconductor Venture Fair, which is being held February 20 and 21, 2002, at the San Francisco Airport Marriott, San Francisco, California. Chris Hoogenboom, Internet Machines' president, CEO, and founder, will present on both Wednesday, February 20, and Thursday, February 21.

About the Semiconductor Venture Fair
The Semiconductor Venture Fair brings together semiconductor-related technology and services companies, venture capitalists and strategic investors, and companies seeking strategic alliances and access to emerging technologies. These groups will come together to explore the significant business opportunities in today's semiconductor sector, one of the largest destination sectors for private equity investment dollars. More information is available at www.semiconductorventurefair.com.

About Internet Machines
Internet Machines is an award-winning fabless semiconductor company offering the IMpower™ family of highly integrated communications ICs for OC-192c and 10 Gbps optical, metro area network and Internet infrastructure equipment. The protocol independent IMpower family consists of the NPE10 network processing engine, the TMC10 traffic management co-processor, the SE200 switch element, and the Development Workbench software development kit. This powerful lineup of wire-speed, fully programmable semiconductors and easy-to-use software simplifies development and greatly shortens the system vendor's time to market. The ICs work together or individually to deliver a highly flexible, interoperable, and field upgradeable solution. The company is headquartered in Agoura Hills, California, with design centers located in San Diego and Irvine, and sales and support offices in San Jose, California, and Boston, Massachusetts, and was named a 2001 Fabless Start-Up of the Year by the Fabless Semiconductor Association.