Investor's Business Daily Gives DSP Group's Stock an A+ Rating
SANTA CLARA, Calif., Aug. 7 /PRNewswire-FirstCall/ -- DSP Group, Inc. (Nasdaq: DSPG), a worldwide leader in developing and providing solutions for the residential wireless market, announced that as of Aug. 1, 2003, following the company's second quarter 2003 earnings announcement, Investor's Business Daily's proprietary Stock Checkup Ratings gives DSP Group an "Attractiveness" rating of "A+," a "Technical" rating of a solid A and an "Overall" rating of A+. These are the highest overall ratings possible. Investor's Business Daily is an investment tool that goes out to over 890,000 investors.
"We are very pleased with our second quarter results," said Eli Ayalon, Chairman & CEO of DSP Group. This is the 8th sequential quarter in which we are reporting quarterly revenue growth on a year-over-year basis, while maintaining high profitability levels."
DSP Group reported on July 21, 2003 second-quarter net income of $5.5 million, as compared to $77,000 for the second quarter of 2002. The company increased revenue guidance for the third quarter to a range of $45 million to $48 million from its previous guidance of $41 million to $45 million. For the year, the company expects revenue will be in the range of $145 million to $149 million. DSP Group reported 2002 revenue of $125.2 million.
A replay of the second quarter earnings conference call can be accessed through the Investor Relations section (calendar of events) of DSP Group's Web site at www.dspg.com or link to: http://phx.corporate-ir.net/phoenix.zhtml?c=101665&p=irol-calendar .
About DSP Group, Inc.
DSP Group, Inc. is a fabless semiconductor company that is a leader in the short-range wireless market. By combining its DSP cores technology with advanced RF, communication technology and speech-processing algorithms, DSP Group is a worldwide leader in developing and providing short-range communication applications that include digital 900MHz, 2.4GHz, DECT (1.9GHz), 5.8GHz and Bluetooth for voice and data communication in residential, SOHO, SME, enterprise and automotive applications. DSP Group's products include advanced RF CMOS and communications technology. DSP Group also develops and markets embedded, integrated silicon/software solution for Voice-over-Digital-Subscriber Line (VoDSL) and Voice-over-Internet-Protocol (VoIP) applications, as well as other Voice-over-Packet applications for Integrated Access Device (IAD) and IP phone. 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 DSP Group's guidance on revenue for the third quarter of 2003 and for the fiscal year 2003. 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, the acceptance by customers of DSP Group's products, DSP Group's ability to differentiate its products from those of its competitors in the same market and the general market demand for products that incorporate DSP Group's technology in the market. These factors and other factors which may effect future operating results or DSP Group's stock price are discussed under "RISK FACTORS" in the Form 10-K for the year ended December 31, 2002, as well as other report, including Form 10-Qs, 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 Inc., +1-408-986-4423 or email@example.com.
SOURCE DSP Group, Inc.
CONTACT: Yaniv Arieli, President of US Operations, Investor Relations of DSP Group Inc., +1-408-986-4423 or firstname.lastname@example.org
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Web site: http://www.dspg.com