Dublin, Ireland, 23rd May 2002 - Parthus Technologies plc (Nasdaq:
PRTH, LSE: PRH), a leading developer of semiconductor platform-level
intellectual property (IP), has been identified for the second time as one
of "Europe's 50 Hottest Tech Firms" in TIME magazine's third annual review
of the European technology sector.
Including Parthus in its 2002 list, TIME also cited technology
consultancy Gartner Dataquest's viewpoint that Parthus' proposed merger
with the intellectual property licensing business of DSP Group, 'should
catapult the company from No. 8 to No. 4 worldwide' in the semiconductor
intellectual property sector.
Welcoming the TIME top fifty listing, Parthus' vice-president of
marketing Barry Nolan, commented: "We are delighted to be identified by
Time as one of Europe's 50 Hottest Technology Firms. This is the second
time that Parthus has been included – its significance is that the list is
compiled from a survey of industry leaders who pick the companies they
believe have the most innovative products and the most promising business
models. This achievement is reflective of our strong growth and
development and the unrivalled technology portfolio we have created."
For TIME's third annual Hot Company list, the publication stated that
it talked to venture capitalists, industry experts and entrepreneurs to
identify the European technology firms with the most innovative products
and services and the most promising business models. TIME says it sought
out companies with the greatest future potential, not present hype.
For more information, see TIME Magazine's Feature: "Europe's 50 Hottest Tech Firms".
About ParthusCeva, Inc.
For further information About ParthusCeva,
A PDF copy of this press release is also available here
Parthus Safe Harbor Statement
This document may contain "forward looking statements".
Any "forward looking statements" in this document are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those stated. Any statements that are not statements of
historical fact (including, without limitation, statements to the effect
that the company or its management "believes," "expects," "anticipates,"
"plans" and similar expressions) should be considered forward-looking
statements. Important factors that could cause actual results to differ
from those indicated by such forward-looking statements include
uncertainties relating to the ability of management to complete the
planned merger with Ceva, Inc. and to successfully integrate the
operations of the two companies, uncertainties relating to the acceptance
of semiconductor intellectual property offerings, expansion of our
business, quarterly variations in results, and other uncertainties that
are discussed in our 2000 Annual Report on Form 20-F which is on file with
the SEC since June 26, 2001.