Street Tips: Market Review on DSP Group Inc.
05.05.2008 16:22 VoIP World News - Source: tmcnet.com
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05052008
Streetinvesting.com has now resumed our progressive review of DSP Group
Inc. (NASDAQ: DSPG) after it was down less than $3.55 on four times its
average volume midday Friday May 2, 2008. Based on the Company's most
recent news release; we will be progressively reviewing the impact of
the markets and the effects of their developments. We will be providing
updates and analyst opinions as new stories unfold.
Make sure to visit www.streetinvesting.com to keep updated and signup
for free with no credit card for market reports and analytical plays.
Our research resources have been aimed towards the US Large Caps and
the various prospective companies therein DSP Group Inc. was among
those that we have been closely examining due to their recent news and
trading patterns. Sign up at www,streetinvesting.com for more
information on the company mentioned herein.
Friday, May 2, 2008 DSP Group, Inc., a worldwide leader in developing
and providing chip-set solutions for residential wireless connectivity,
announced today its results for the first quarter ended March 31, 2008.
First Quarter Results:
Revenues for the first quarter of 2008 were $72,729,000, an increase of
48% from revenues of $49,288,000 for the first quarter of 2007. Net
loss for the first quarter was $7,608,000 compared to net income of
$1,364,000 for the first quarter of 2007. Earnings per share (EPS) for
the first quarter of 2008 were a loss of $0.25 compared to earnings of
$0.05 for the first quarter of 2007.
Non-GAAP Results:
Non-GAAP net income and diluted EPS for the first quarter of 2008 were
$1,441,000 and $0.05 per share on a diluted basis, respectively; a
decrease of 73% from the non-GAAP net income of $5,333,000 and a
decrease of 74% from non- GAAP diluted EPS of $0.19 per share for the
first quarter of 2007. Non-GAAP net income and diluted EPS for the
first quarter of 2008 excluded the impact of amortization of acquired
intangible assets of $5,782 ,000, associated with the acquisition of
the Cordless and VoIP Terminals business of NXP B.V.; equity-based
compensation expenses of $3,961,000; and the aggregate tax benefits
associated with such expenses of $694,000.
Streetinvesting.com will continue to follow the progress of this
company following their most recent news announcement. Visit
www.streetinvesting.com and signup free for our financial market
services.
At Streetinvesting.com, we bring our knowledge of the marketplace and
investment opportunities directly to our subscribers. As an
aggressive-growth research company, our strength and goal is bringing
distinctive trading opportunities and investment philosophies to
investors seeking a different and unique approach to investment ideas.
That's our goal. That's what we do. We are "The Word on the Street".
Let us become your number one portal for research and information on
the global markets.
To continue with the more in-depth analysis, please visit
www.streetinvesting.com for a complimentary subscription to access this
report and other related articles. Please note that membership does not
require credit card information.
All material herein was prepared by Streetinvesting.com, (Street
Investing) based upon information believed to be reliable. The
information contained herein is not guaranteed by Streetinvesting.com
to be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this opinion have not approved the
If you don’t have a telecommuting program, how much revenue is your business losing? Learn more, download free white paper.Discover how Unified Communications can help you gain the competitive edge, with more efficient internal operations, increased productivity and improved customer service. Learn more, download free white paper.Discover the top 10 reasons to throw out your old PBX and replace it with a new software based IP PBX. Learn about a new end-to-end billing and network management solution for independent Internet Service Providers.Learn about front office and back office systems which are less and less dependent on the underlying technology and more and more agile. Learn how to maintain seamless business continuity while migrating from traditional voice mail, to unified communications.
statements made in this opinion. This opinion contains forward-looking
statements that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Streetinvesting.com
is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a
broker before purchasing or selling any securities viewed on or
mentioned herein. Streetinvesting.com may receive compensation in cash
or shares from independent third parties or from the companies
mentioned.
Streetinvesting.com's affiliates, officers, directors and employees may
also have bought or may buy the shares discussed in this opinion and
may profit in the event those shares rise in value.
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
Streetinvesting.com will not advise as to when it decides to sell and
does not and will not offer any opinion as to when others should sell;
each investor must make that decision based on his or her judgment of
the market.
This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should", "expected,"
"anticipates", "draft", "eventually" or "projected". You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results
to differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ
materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies'
annual report on Form 10-K or 10-KSB and other filings made by such
company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as
of the date hereof and Streetinvesting.com undertakes no obligation to
update such statements.
CONTACT: Streetinvesting.com
WWW: http://www.streetinvesting.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
RDATE:05052008
Streetinvesting.com has now resumed our progressive review of DSP Group
Inc. (NASDAQ: DSPG) after it was down less than $3.55 on four times its
average volume midday Friday May 2, 2008. Based on the Company's most
recent news release; we will be progressively reviewing the impact of
the markets and the effects of their developments. We will be providing
updates and analyst opinions as new stories unfold.
Make sure to visit www.streetinvesting.com to keep updated and signup
for free with no credit card for market reports and analytical plays.
Our research resources have been aimed towards the US Large Caps and
the various prospective companies therein DSP Group Inc. was among
those that we have been closely examining due to their recent news and
trading patterns. Sign up at www,streetinvesting.com for more
information on the company mentioned herein.
Friday, May 2, 2008 DSP Group, Inc., a worldwide leader in developing
and providing chip-set solutions for residential wireless connectivity,
announced today its results for the first quarter ended March 31, 2008.
First Quarter Results:
Revenues for the first quarter of 2008 were $72,729,000, an increase of
48% from revenues of $49,288,000 for the first quarter of 2007. Net
loss for the first quarter was $7,608,000 compared to net income of
$1,364,000 for the first quarter of 2007. Earnings per share (EPS) for
the first quarter of 2008 were a loss of $0.25 compared to earnings of
$0.05 for the first quarter of 2007.
Non-GAAP Results:
Non-GAAP net income and diluted EPS for the first quarter of 2008 were
$1,441,000 and $0.05 per share on a diluted basis, respectively; a
decrease of 73% from the non-GAAP net income of $5,333,000 and a
decrease of 74% from non- GAAP diluted EPS of $0.19 per share for the
first quarter of 2007. Non-GAAP net income and diluted EPS for the
first quarter of 2008 excluded the impact of amortization of acquired
intangible assets of $5,782 ,000, associated with the acquisition of
the Cordless and VoIP Terminals business of NXP B.V.; equity-based
compensation expenses of $3,961,000; and the aggregate tax benefits
associated with such expenses of $694,000.
Streetinvesting.com will continue to follow the progress of this
company following their most recent news announcement. Visit
www.streetinvesting.com and signup free for our financial market
services.
At Streetinvesting.com, we bring our knowledge of the marketplace and
investment opportunities directly to our subscribers. As an
aggressive-growth research company, our strength and goal is bringing
distinctive trading opportunities and investment philosophies to
investors seeking a different and unique approach to investment ideas.
That's our goal. That's what we do. We are "The Word on the Street".
Let us become your number one portal for research and information on
the global markets.
To continue with the more in-depth analysis, please visit
www.streetinvesting.com for a complimentary subscription to access this
report and other related articles. Please note that membership does not
require credit card information.
All material herein was prepared by Streetinvesting.com, (Street
Investing) based upon information believed to be reliable. The
information contained herein is not guaranteed by Streetinvesting.com
to be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this opinion have not approved the
If you don’t have a telecommuting program, how much revenue is your business losing? Learn more, download free white paper.Discover how Unified Communications can help you gain the competitive edge, with more efficient internal operations, increased productivity and improved customer service. Learn more, download free white paper.Discover the top 10 reasons to throw out your old PBX and replace it with a new software based IP PBX. Learn about a new end-to-end billing and network management solution for independent Internet Service Providers.Learn about front office and back office systems which are less and less dependent on the underlying technology and more and more agile. Learn how to maintain seamless business continuity while migrating from traditional voice mail, to unified communications.
statements made in this opinion. This opinion contains forward-looking
statements that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Streetinvesting.com
is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a
broker before purchasing or selling any securities viewed on or
mentioned herein. Streetinvesting.com may receive compensation in cash
or shares from independent third parties or from the companies
mentioned.
Streetinvesting.com's affiliates, officers, directors and employees may
also have bought or may buy the shares discussed in this opinion and
may profit in the event those shares rise in value.
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
Streetinvesting.com will not advise as to when it decides to sell and
does not and will not offer any opinion as to when others should sell;
each investor must make that decision based on his or her judgment of
the market.
This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may", "future", "plan" or "planned", "will" or "should", "expected,"
"anticipates", "draft", "eventually" or "projected". You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results
to differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ
materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies'
annual report on Form 10-K or 10-KSB and other filings made by such
company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as
of the date hereof and Streetinvesting.com undertakes no obligation to
update such statements.
CONTACT: Streetinvesting.com
WWW: http://www.streetinvesting.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
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