SANTA CLARA, Calif., Dec. 14 /PRNewswire-FirstCall/ -- The Fabless Semiconductor Association (FSA), an worldwide industry organization representing over 150 public fabless companies and over 1,240 private fabless companies, gave DSP Group (Nasdaq: DSPG) the 2004 "Outstanding Financial Performance by a Public Company" award. In order to be eligible to receive this award, companies must double either revenue or net-income over eight consecutive quarters ended September 2004. DSP Group was chosen from over 70 fabless semiconductor public companies traded on U.S. securities exchanges that FSA evaluated.
"DSP Group offers a strong lineup of DSP & RF products for the short-range wireless market," said Jodi Shelton, co-founder and executive director of the FSA. "Our award focuses on net income and revenue growth, and we congratulate DSP Group for reaching this financial achievement."
Yaniv Arieli, President of US Operations and Investor Relations of DSP Group, who attended and accepted the award at the FSA event stated: "I'm excited and pleased that DSP Group has been recognized not just as a market leader in our industry, but now also as a financial performance leader in the public fabless semiconductor space. I believe DSP Group has demonstrated excellent financial performance for many years and its management is a strong believer and executor of top line growth together with increases in profitability and EPS growth. I believe DSP Group's efficiency is among the highest in its industry and for fiscal 2004, estimated revenue per employee should reach a level of approximately $700,000."
About DSP Group
DSP Group, Inc. is a fabless semiconductor company, offering advanced chipsets solutions for a variety of applications. DSP Group is a world leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors (DSP's), portfolio of wireless communication protocols, including DECT, Bluetooth and WiFi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a world leader and a one-stop-shop for a wide range of applications. These applications include, but are not limited to: ISM band digital 900MHz, 2.4GHz, 5.8GHz telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice, data and video communication and are deployed in residential, SOHO, SME, enterprise and automotive applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices (IAD's) and are widely used in Digital Voice Recorders (DVR's). More information about DSP Group is available at www.dspg.com.
This press release may contain statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including statements made by Mr. Arieli about (i) DSP Group being a market leader in its industry and a financial performance leader in the public fabless semiconductor space, (ii) DSP Group's efficiency being among the highest in its industry, (iii) the DSP Group management being a strong believer and executor of top line growth together with increases in profitability and EPS growth, (iv) DSP Group's ability to achieve estimated revenue per employee of approximately $700,000 in fiscal 2004. These forward-looking statements are based on current expectations and DSP Group assumes no obligation to update this information. In addition, the events described in these forward-looking statements may not actually arise. DSP Group's actual results could differ materially from those described in this press release as a result of various factors, including unexpected delays in the introduction of new products; failure of DSP Group's new products to achieve broad market acceptance, especially in the European markets; DSP Group's inability to develop and produce new products at competitive costs and in a timely manner; declines or fluctuations in gross margins as a result of entry into new markets; and general market demand for products that incorporate DSP Group's technology. These and other factors which may affect future operating results and DSP Group's stock price are discussed under "RISK FACTORS" in the Form 10-K for the year ended December 31, 2003, as well as other reports, including the Form 10-Q for the quarter ended September 30, 2004, DSP Group has filed with the Securities and Exchange Commission and which are available on DSP Group's Web site (www.dspg.com) under Investor Relations.
CONTACT: Yaniv Arieli, President of US Operations, Investor Relations of DSP Group, +1-408-986-4423, or email@example.com.
SOURCE DSP Group, Inc.
CONTACT: Yaniv Arieli, President of US Operations, Investor Relations of DSP Group, +1-408-986-4423, or firstname.lastname@example.org
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