Electronics IP Industry – Q1 2012


CEO Wertheizer

US GAAP net income for the first quarter of 2012 was $4.857 million, a slight increase of 4.43% over $4.651 million reported for the same period in 2011. US GAAP diluted earnings per share for the first quarter of 2012 was $0.20, also a slight increase of 5.26% compared to $0.19 for the first quarter of 2011.

During Q1 2012, the Company concluded eight new license agreements. Six agreements were for CEVA DSP cores, platforms and software, and two agreements were for CEVA SATA/SAS product lines. Target applications for customer deployment are 3G and 4G basebands, audio and voice processing for mass market smart phones and SSD drives. Geographically, three of the agreements signed were in the US, four were in Asia and one was in Europe.

Yaniv Arieli, Chief Financial Officer stated, "Our first quarter financial performance demonstrates our consistent execution in growing our customer base and diversifying our revenue sources.”


Yaniv Arieli

“During the first quarter, we bought back approximately 400,000 shares of our common stock for an aggregate consideration of approximately $9.5 million. The recent buyback activity demonstrates our confidence in CEVA's strong fundamentals. At the end of the quarter, our cash balance, marketable securities and bank deposits totaled $163 million."

CEVA, Inc. self description

CEVA is the world's leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions for the mobile handset, portable and consumer electronics markets. CEVA's IP portfolio includes comprehensive technologies for cellular baseband (2G / 3G / 4G), multimedia (HD video, Image Signal Processing (ISP) and HD audio), voice over packet (VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA). In 2011, CEVA's IP was shipped in over 1 billion devices and powers handsets from every top handset OEM, including HTC, Huawei, LG, Motorola, Nokia, Samsung, Sony and ZTE. Today, more than 40% of handsets shipped worldwide are powered by a CEVA DSP core. For more information, visit www.ceva-dsp.com.

More CEVA News provided by Mike Sottak of Wired Island

CEVA Continues to Dominate DSP IP Market with 90% Market Share

CEVA’s market share leadership revealed in report by leading research firm The Linley Group; Report also forecasts greater need for programmable DSPs to address multimode baseband processing

On May 14, 2012  CEVA, Inc. announced that it has been ranked by leading research firm  The Linley Group as the worldwide leader in DSP IP shipments in 2011, with a 90% market share. The market share numbers were published in The Linley Group’s recent report, entitled ‘A Guide to CPU Cores and Processor IP’ (1).

"CEVA continues to be the most successful supplier of DSP IP -- its licensees shipped more than one billion chips in 2011,” said J. Scott Gardner, an analyst at The Linley Group and co-author of the report. “CEVA has an impressive customer base for its DSP portfolio, especially in communications and multimedia. Furthermore, with the 4G transition well underway, high-performance programmable DSPs are required to efficiently handle complex multimode baseband processing. CEVA is well positioned to capitalize on this trend.” 

 "CEVA is pleased to be ranked yet again as the worldwide leader in DSP IP by The Linley Group,” said Gideon Wertheizer, CEO of CEVA. “Our unrivalled expertise in DSP technology for high volume mobile and digital home applications drives our success and is the reason we are the DSP-of-choice for many of the world’s leading semiconductors and OEMs.”

CEVA's industry-leading DSP cores power many of the world's leading semiconductors today for a broad range of applications including cellular baseband, imaging, vision, audio, voice, voice-over-IP and more. Addressing every advanced wireless standard, including LTE-Advanced, Wi-Fi 802.11ac and DTV demodulation, CEVA’s latest generation communications DSP architecture framework, the  CEVA-XC4000, sets a new milestone for power efficiency and utilizes an innovative instruction set to enable highly complex, software-based baseband processing. Likewise, the new  CEVA-TeakLite-4 DSP architecture framework for advanced audio and voice processing introduces innovative smart power management technology and supports customer-owned extensions, making it a highly flexible architecture and ideal for even the most area and power sensitive designs.

Independent analysis of both the CEVA-XC4000 and the CEVA-TeakLite-4 DSP architecture frameworks was recently published in The Linley Group’s Microprocessor Report (2)(3). These reports are available at  http://www.ceva-dsp.com/mpr.

1)      The Linley Group “A Guide to CPU Cores & Processor IP” by Kevin Krewell & J. Scott Gardner, April 2012.

2)      The Linley Group “Microprocessor Report – CEVA-TeakLite-4 Illuminates Roadmap, April 2012

3)      The Linley Group “Microprocessor Report – CEVA Exposes DSP Six Pack, March 2012

For EDA IP Commentary readers:

The Linley Group url:

http://www.linleygroup.com/index.php

The Report url:

http://www.linleygroup.com/report_detail.php?num=28


 

Bar Graph Source: Google Finance

 

                                                                                                        

 

On April 26, 2012 MIPS Technologies, Inc. (NASDAQ: MIPS), reported consolidated financial results for the first calendar quarter of 2012 ended March 31, 2012. All financial results are reported in US GAAP unless otherwise noted.

Summary Ql 2012 Financial Metrics

  • Revenue was $15.344 million in Q1 2012 and $15.301 million in Q4 2011
  • Licensee royalty units in Q1 2012 were 172 million units vs. 186 million units in Q4 2011
  • Cash and investment balances ended the quarter at $109.5 million, representing a decrease of $1.3 million from December 31, 2011

Q1 2012 Revenue from royalties was $11.0 million, while license revenue was $4.3 million.

The Company's Q1 2012 GAAP net loss was $2.53 million or $0.05 per share compared to net loss of slightly less than $1.0 million and $0.02 per share in Q4 2011. The Company delivered revenue of $20.048 million in Q1 2011, with a GAAP net income of $3.365 million, or $0.06 per share.

"Results this quarter came in at the high end of our guidance," said Sandeep Vij, chief executive officer, MIPS Technologies.

 


Sandeep Vij


"We are encouraged by our advancements in the mobile segment, with momentum this quarter both in new MIPS-Based devices coming to market, and reaching key ecosystem milestones. This continued progress together with the imminent launch of a new generation of MIPS products, are laying the foundation for our customers' future MIPS-Based product development." 

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