press releasesPortalPlayer Named Company of the Year at EE Times ACE AwardsIndustry influencers recognize
PortalPlayer as Company of the Year -- Small/Medium based on technology
innovation and financial growth SAN JOSE, Calif., April. 6, 2006 – PortalPlayer Inc. (Nasdaq: PLAY), a leading supplier of semiconductors, firmware and software for personal media players and secondary display-enabled notebook computers, today announced that it has won the EE Times Annual Creativity in Electronics (ACE) Award for Company of the Year -- Small/Medium. This award recognizes the small- or medium-sized company that exhibits the highest degree of professionalism in staff development and retention, customer focus, technical excellence and profitable growth -- a true leader in the electronics sector (under $1 billion in sales). "PortalPlayer won the ACE Award for Company of the Year -- Small/Medium because its solutions power many of today's leading MP3 players," said Brian Fuller, publisher and editor in chief, EE Times. "The company is leveraging its engineering and design expertise to help system OEMs create battery-powered, portable devices that capture, store and play digital media including audio, photos and video." The EE Times ACE Awards were created to recognize the people, companies and products that show leadership in the electronics industry, honoring those who are leading the way and making positive contributions -- the real innovators of technology. Finalists were evaluated by a prestigious panel of judges, comprised of the leading voices of academia, industry and Wall Street executives. Awards were presented at the EE Times ACE Awards Gala on April 4, 2006, during CMP Media's Embedded Systems Conference Silicon Valley. For more information, visit http://www.eetimes.com/ace. PortalPlayer's comprehensive portable multimedia platforms, including semiconductors, firmware and applications software, enable customers to develop differentiated devices rapidly and cost effectively. Breakthroughs in 2005 included the introduction of the PP5022 system-on-chip media processor that, in combination with the PortalPlayer firmware, provided three times the battery life of previous generations without sacrificing performance. PortalPlayer also introduced the PP5024, the company's first system-in-package that provides a complete mixed-signal solution. Through these innovations, PortalPlayer has experienced significant revenue growth and profitability. Net revenue for fiscal 2005 was $225.2 million, up 143 percent from $92.6 million for fiscal 2004. Net income for fiscal 2005 was $48.2 million compared with a net income of $10.4 million in fiscal 2004. The company's recent performance also has been recognized by other industry influencers. In addition to the ACE Award, the April 2006 issue of Electronic Business magazine ranked PortalPlayer No. 1 in the 30 Best Small Electronics Companies with annual revenues below $240 million. This follows the December award from the Fabless Semiconductor Association for Outstanding Financial Performance by a Public Fabless Company. "This prestigious EE Times ACE Award recognizes that our comprehensive platform strategy enables our customers to quickly produce differentiated products with the latest multimedia features and intuitive user interfaces that resonate with consumers," said Gary Johnson, president and CEO of PortalPlayer. "As we leverage our approach into new market areas, we look forward to continuing the enablement of electronics products that people love." As a recognized innovator and leader in the consumer electronics market place, PortalPlayer has been chosen to participate in the "Portable Devices as Extensions to the Connected Home" panel at CONNECTIONS™: The Digital Home Conference and Showcase in May. Produced by Parks Associates in partnership with the Consumer Electronics Association, CONNECTIONS has been recognized as the largest executive conference dedicated to advanced digital lifestyle solutions for residential and mobile environments. About CMP Media's Electronics Group The CMP Media Electronics Group is the premier technology and business media brand serving the information needs of the creators of technology worldwide. Offering a full suite of products and services to reach electronics technology professionals throughout the world, CMP Media's Electronics Group delivers the most targeted audience and actionable information to marketers in the electronics technology community. Each month, CMP Media's Electronics Group delivers more than 1 million copies of its print publications, including EE Times, to subscribers in 55 countries and online visitors from 100 countries view more than 7.5 million pages on its Web sites including EE Times Online and TechOnLine. More than 35,000 decision makers from 48 countries attend its events such as Embedded Systems Conferences each year in North America, China, Taiwan and Europe. About CMP Media (www.cmp.com) Through its market-leading portfolio of trusted information brands in the technology, healthcare and lifestyles industries, CMP Media has earned the confidence of more professionals and enthusiasts in these fields than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in each of these industries in ways that yield superior return on investment. CMP Media is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. About PortalPlayer PortalPlayer develops semiconductor, firmware and software platforms for portable multimedia products such as personal media players and secondary display enabled notebook computers. PortalPlayer products empower consumers to quickly and easily manage, enjoy and have access to multimedia content and other forms of information. PortalPlayer is headquartered in San Jose, Calif., with offices in Kirkland, Wash.; Taipei, Taiwan; and Hyderabad, India. Contacts Kim Stowe Tim Yankey
# # # PortalPlayer and the PortalPlayer logo are trademarks of PortalPlayer Inc. All other product and company names herein may be trademarks of their registered owners. Forward-Looking Statements Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, statements regarding the development of future technology platforms that enable customers to quickly produce differentiated consumer electronics 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 acceptance of the platforms under development by PortalPlayer by consumer electronics manufacturers, the platform's capabilities and performance, manufacturing and supply risks, the timing and introduction of multimedia products and services, and other risks and uncertainties detailed in PortalPlayer's annual report on Form 10-K for the year ended December 31, 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. |
 |
|
|
