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 http://www.dspg.com.
Forward-Looking Statements
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 (http://www.dspg.com)
under Investor Relations.
CONTACT: Yaniv Arieli, President of US Operations, Investor Relations of
DSP Group, +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,
Investor Relations of DSP Group, +1-408-986-4423, or
yarieli@dspg.com
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