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PortalPlayer, Inc. (Form: SC 13G/A, Received: 02/15/2006 17:25:04)

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(Amendment No.1)(1)

PORTALPLAYER, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

736187204

(CUSIP Number)

December 31, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[_] Rule 13d-1(b)

[_] Rule 13d-1(c)

{X] Rule 13d-1(d)[


(1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No.736187204                  13G/A                    Page 2 of 6 Pages
________________________________________________________________________________
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
     Thomas Spiegel
________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
________________________________________________________________________________
3.   SEC USE ONLY
________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     United States
________________________________________________________________________________
  NUMBER OF    5.   SOLE VOTING POWER
   SHARES           N/A
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER
  OWNED BY          N/A
               _________________________________________________________________
    EACH       7.   SOLE DISPOSITIVE POWER
  REPORTING         N/A
               _________________________________________________________________
   PERSON      8.   SHARED DISPOSITIVE POWER
    WITH            N/A
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     N/A
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     N/A
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*
                IN
________________________________________________________________________________
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.736187204                   13G/A                    Page 3 of 6 Pages
Item 1(a).  Name of Issuer:
            PortalPlayer, Inc.
            ____________________________________________________________________
Item 1(b).  Address of Issuer's Principal Executive Offices:
            3255 Scott Boulevard, Bldg. 1
            Santa Clara, California 95054
            ____________________________________________________________________
Item 2(a).  Name of Person Filing:
            Thomas Spiegel
            ____________________________________________________________________
Item 2(b).  Address of Principal Business Office, or if None, Residence:
            9465 Wilshire Boulevard, Suite 900
            Beverly Hills, CA  90212
            ____________________________________________________________________
Item 2(c).  Citizenship:
            Thomas Spiegel - United States
            ____________________________________________________________________
Item 2(d).  Title of Class of Securities:
            Common Stock
            ____________________________________________________________________
Item 2(e).  CUSIP Number:
            736187204
            ____________________________________________________________________


CUSIP No.736187204                   13G/A                    Page 4 of 6 Pages
Item 3.     If This Statement  is Filed  Pursuant to  Rule 13d-1(b), or 13d-2(b)
            or (c), Check Whether the Person Filing is a:
     (a)  [_]  Broker or dealer registered under Section 15 of the Exchange Act.
     (b)  [_]  Bank as defined in Section 3(a)(6) of the Exchange Act.
     (c)  [_]  Insurance  company as defined in Section 3(a)(19) of the Exchange
               Act.
     (d)  [_]  Investment  company  registered under Section 8 of the Investment
               Company Act.
     (e)  [_]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
     (f)  [_]  An employee  benefit plan or endowment  fund in  accordance  with
               Rule 13d-1(b)(1)(ii)(F);
     (g)  [_]  A parent  holding  company or control  person in accordance  with
               Rule 13d-1(b)(1)(ii)(G);
     (h)  [_]  A savings  association  as defined in Section 3(b) of the Federal
               Deposit Insurance Act;
     (i)  [_]  A  church  plan  that  is  excluded  from  the  definition  of an
               investment  company  under  Section  3(c)(14)  of the  Investment
               Company Act;
     (j)  [_]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4.  Ownership.
     Provide  the  following  information  regarding  the  aggregate  number and
percentage of the class of securities of the issuer identified in Item 1.
     (a)  Amount beneficially owned:   N/A
          ______________________________________________________________________


CUSIP No.736187204                   13G/A                    Page 5 of 6 Pages
     (b)  Percent of class:  N/A
          ______________________________________________________________________
     (c)  Number of shares as to which such person has:
          (i)   Sole power to vote or to direct the vote:   N/A
          (ii)  Shared power to vote or to direct the vote: N/A
          (iii) Sole power to dispose or to direct the disposition of:  N/A
          (iv)  Shared power to dispose or to direct the disposition of:  N/A
Item 5.  Ownership of Five Percent or Less of a Class.
     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [X].
         _______________________________________________________________________
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.
         Not Applicable.
         _______________________________________________________________________
Item 7.  Identification and  Classification of the Subsidiary Which Acquired the
         Security  Being  Reported on by the Parent  Holding  Company or Control
         Person.
         Not Applicable.
         _______________________________________________________________________
Item 8.  Identification  and  Classification  of Members of the Group.
         Not Applicable.
         _______________________________________________________________________
Item 9.  Notice of Dissolution of Group.
         Not Applicable.
          ______________________________________________________________________
Item 10.  Certifications.
         Not Applicable.


CUSIP No.736187204                   13G/A                    Page 6 of 6 Pages
                                    SIGNATURE
     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.
Dated this 14th day of February, 2006.
                                     By: /s/ THOMAS SPIEGEL
                                        ----------------------------------------
                                        Thomas Spiegel

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