SANTA CLARA, Calif., July 15 /PRNewswire-FirstCall/ -- DSP Group, Inc.
(Nasdaq: DSPG), a worldwide leader in developing and providing solutions for
the residential wireless market, announced today the appointment of Eli Fogel
as Senior VP and Chief Technology Officer. Eli Fogel has more than 20 years
of global research and development experience in the high tech industry with
leading technology companies.
"We are very pleased to add Eli Fogel to our senior management team," said
Eli Ayalon, DSP Group's CEO and Chairman of the Board. "Eli Fogel has an
impressive professional background, bringing to the Company years of
experience in top research and development and academic positions. We are
confident that with the addition of Eli Fogel to the Company during this
period of success, the Company's universe of technologies will expand and as a
result the Company will continue to show further growth and profitability.
Eli Fogel's most recent position was CTO of Intel's cellular communication
division (CCD), and prior to that he served as Senior VP of engineering and
CTO of DSP Communications. Eli Fogel was also involved in academic research
and teaching at MIT, the University of Notre Dame and the University of
Tel Aviv, and holds a Ph.D and M.S.c. in electrical engineering from Colorado
State University and a B.S.c. from the Technion, Israel Institute of
Technology.
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 http://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. Ayalon relating to the future success and
expansion of the company's universe of technologies and to the continuous
growth and profitability of the company, as well as to the contribution of
Eli Fogel to the company, its technologies and its business. 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 (http://www.dspg.com)
under Investor Relations.
CONTACT: Yaniv Arieli, President of US Operations of Investor Relations
of DSP Group Inc., +1-408-986-4423, or yarieli@dspg.com.
SOURCE DSP Group Inc.
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Related links:
http://www.dspg.com
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CONTACT:
Yaniv Arieli, President of US Operations of
Investor Relations of DSP Group Inc., +1-408-986-4423, or
yarieli@dspg.com
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