SANTA CLARA, Calif., May 29 /PRNewswire-FirstCall/ --
DSP Group, Inc. (Nasdaq: DSPG), a worldwide leader in developing and providing
solutions for the residential wireless market, was named "Stock of the Day" by
CNNfn, as a result of its significant company growth and recent strategic
acquisition of video technologies of Teleman Multimedia. DSP Group's Chairman
and CEO, Eli Ayalon, participated in an interview on CNNfn's "The Money Gang"
earlier this week to discuss the company's success.
According to CNNfn's stock editor, Fred Katayama, "DSP Group is a small,
fast-growing company with sales of $125 million last year ... Profits rose
59 percent in the first quarter to $4.3 million. DSP Group has a history of
generating earnings. Sales rose 37 percent in the latest quarter. The
company is also debt-free and cash-rich."
In the interview, DSP Group's Eli Ayalon discussed the recent acquisition
of Teleman Multimedia. According to Mr. Ayalon, this acquisition will enable
DSP Group to add video technologies to its products next year, allowing the
company to continue to show the same kind of robust growth and profitability
as it has shown in the past.
To view a replay of the interview that was held on May 27, 2003, you can
simply click on the following link which will direct you to DSP Group's home
page and click on the headline news text link:
http://www.dspg.com/index.html .
About DSP Group
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 http://www.dspg.com.
This press release and Mr. Ayalon's interview with CNNfn may contain
statements that qualify as "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995, including statements made by Mr.
Ayalon about the growth of the company's business, the development of new
products with video technologies, the expenses and impact on EPS projections
related to the Teleman acquisition, as well as the commitment by a certain
Original Equipment Manufacturer (OEM) to the Teleman technology. 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 successful
integration of the Teleman acquisition, the acceptance by customers of DSP
Group's existing products and new products with video technologies, 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 the Form 10-Q for the quarter March 31, 2003,
DSP Group has filed with the Securities and Exchange Commission and which are
available on DSP Group's Web site (http://www.dspg.com) under Investor Relations.
CONTACT: investors, Yaniv Arieli, President of US Operations of DSP
Group, Inc., +1-408-986-4423, or fax, +1-408-986-4442, or yarieli@dspg.com.
SOURCE DSP Group
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Related links:
http://www.dspg.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO
AP Archive: http://photoarchive.ap.org
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CONTACT:
investors, Yaniv Arieli, President of US
Operations of DSP Group, Inc., +1-408-986-4423, or fax,
+1-408-986-4442, or yarieli@dspg.com
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