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Product category: Analogue and Mixed Signal ICs
News Release from: Dialog Semiconductor
Edited by the Electronicstalk Editorial Team on 28 October 2003

Quarter brings significant improvement

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Dialog Semiconductor has reported sales of Eur 23.2 million for the third quarter of 2003, a 30% increase compared with the third quarter of 2002.

Dialog Semiconductor has reported sales of Eur 23.2 million for the third quarter of 2003, a 30% increase compared with the third quarter of 2002 The company also recorded growth of 10% compared with the second quarter of 2003, and significantly reduced loss per share from Eur 0.06 in Q2 2003 to Eur 0.03 in Q3 2003, while maintaining a positive cash flow

In October, Dialog Semiconductor received early repayment of a deposit (US $20 million) from a leading foundry - demonstrating the strength of its strategic partnership, and ongoing relationship underpinning future business for both companies.

Roland Pudelko, Dialog's CEO and President said: "A key contributor to our revenue growth is the shipment of chip solutions for wireless products.

This is partly a reflection of the general market improvement in sales of cellular handsets between July and September 2003, as indicated by some market analysts.

As part of Dialog Semiconductor's strategy is to develop and supply power management and audio processing semiconductor devices to this market, we have been able to address this growth in handset sales".

He continued: "Our broader strategy is to develop standard products and custom silicon solutions for applications requiring Dialog Semiconductor's knowledge and expertise in mixed signal CMOS design.

This has resulted in new products as well as initiatives with established companies.

For example, our development and marketing initiative with Intel Corporation continues to deliver positive results.

During the third quarter, we introduced the second product resulting from this relationship, the DA9031, and our development work with Intel has evolved to other areas within this joint initiative".

The DA9031 is an advanced power management controller integrated circuit designed to support high performance multimedia applications in high-end personal digital assistants (PDAs) and wireless handsets based on the upcoming processor for portable computing platforms by Intel Corporation, code-named Bulverde.

In particular, it addresses one of the most significant developments in the cellphone and PDA markets worldwide - the ability of handsets to send and receive digital pictures or video clips.

According to market analysts In-Stat/MDR, shipments of PDAs will grow to just under 25 million units in 2007, where multimedia and wireless will be a growing part of the in-built capability; in addition, "smart" phone handsets (those with integrated digital cameras) will show a compound annual growth rate of 53.2% through 2007, from 18.2 million units shipped in 2002.

Pudelko added: "This quarter has shown significant improvement for Dialog Semiconductor and we are cautiously optimistic for the next quarter, based on our strategy of taking advantage of our technology core competence to deliver silicon solutions that Dialog's customers' need".

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