press releases
PortalPlayer, Inc. Names Consumer Electronics
Retailer Veteran, Robert A. Gunst, To The Board of Directors
San Jose, Calif., Dec. 28, 2005 - PortalPlayer,
Inc. (NASDAQ: PLAY), a leading supplier of advanced semiconductor,
firmware and software solutions for the personal media player market,
today announced the appointment of Robert A. Gunst, 57, as a new
member of PortalPlayer's board of directors.
"Bob is a seasoned executive in the consumer
electronics retailing industry. His prior experience as president,
chief executive officer and board member of electronics retailer
The Good Guys! is a good addition to our Board's strengths. We are
pleased to welcome Bob as a member of PortalPlayer's board of directors,"
said Richard Sanquini, PortalPlayer's chairman of the board.
"I am honored to be part of the PortalPlayer
team," said Mr. Gunst. "The consumer electronics industry
as a whole is going through a time of tremendous innovation, and
I believe PortalPlayer is one of the foremost companies with the
vision and ability to help develop future 'must-have' products."
Robert Gunst brings to PortalPlayer 13 years of
experience as a former board member of The Good Guys, Inc., one
of the largest specialty retailers of higher-end entertainment electronics
in the nation. For nine of those years, he was also president and
chief executive officer of the company. Mr. Gunst is currently a
private investor and serves as chairman of the board of directors
of Natus Medical Incorporated, a company that engages in the development,
manufacture, and marketing of products for the detection, monitoring,
treatment, and tracking of common medical disorders in newborns
and children.
He is also a member of the Dean's Advisory Council
of the Graduate School of Management at the University of California,
Davis. Previously, he served on the board of directors of AmNet
Mortgage, Inc., a nationwide wholesale mortgage bank that was acquired
by Wachovia Corporation in December 2005, and as chairman of the
board of directors of Garden Fresh Restaurants, Inc., an operator
of 97 Souplantation and Sweet Tomatoes restaurants nationally, which
was acquired by Centre Partners in early 2004. Prior to his tenure
at The Good Guys!, Mr. Gunst held management and board positions
at Shaklee Corporation, La Petite Boulangerie, Inc. and PepsiCo
Foods International, both subsidiaries of PepsiCo, Inc., Victoria
Station Incorporated and The First National Bank of Chicago.
About PortalPlayer
PortalPlayer develops semiconductor, firmware and software platforms
for personal multimedia players that empower consumers to easily
purchase, rent, manage, listen to and watch large amounts of digital
music, photos and video content. PortalPlayer is headquartered in
San Jose, Calif., with offices in Kirkland, Wash., and Hyderabad,
India.
Contacts
Kristine Mozes
Mozes Communications LLC
(781) 652-8875
# # #
Except for the historical information contained
herein, the matters set forth in this press release, including,
but not limited to, statements regarding trends in the consumer
electronics industry, and the Company's vision and ability to develop
future "must-have" products, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "expect," "believes,"
"anticipates," "plans," "expects,"
"will," "designed to," "forward" and
similar expressions are intended to identify forward-looking statements.
These statements are not guarantees of future performance. Actual
results could differ materially from those discussed in these forward-looking
statements as a result of risks and uncertainties, including, among
others, the market for personal media players, manufacturing and
supply risks, PortalPlayer's ability to keep pace with rapid technological
change, the semiconductor industry and international operations,
and other risks and uncertainties detailed in PortalPlayer's quarterly
report on Form 10-Q for the quarter ended September 30, 2005 and
from time to time in PortalPlayer's SEC filings. These forward-looking
statements speak only as of the date hereof. PortalPlayer does not
undertake any obligation to update forward-looking statements.
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