Display driver ICs drive Dialog growth: News from Dialog Semiconductor

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Dialog Semiconductor has reported sales of Eur 32.1 million for the second quarter of 2005, compared with Eur 30.4 million in Q2 2004. The company has achieved an operating profit of Eur 0.2 million and an EPS of Eur 0.01 in Q2 2005. A significant aspect of the quarter's growth is the further increase of shipments of colour display driver ICs, which now form a key part of the business, representing over 25% of the company's revenues.

The company believes that this trend shows both a diversification of its customer base and a strengthening of relationships with existing customers.

CEO Roland Pudelko said: 'The quarter's results show an improvement in sales, a return to profitability and a broader product and customer mix'.

'This has come from the success of our development team responding to customers' needs enabling those customers to bring their new products to the market'.

'Other important developments were the launch of two further standard products'.

'First, the DA9023 which is a product for the programming and control of LEDs and lightshow sequences in mobile phones'.

'Second, the introduction to the market of an advanced multimedia mobile phone handset from network operator O2, which is the first to be based on an Intel processor and features Dialog Semiconductor's integrated DA9011 GSM/GPRS power management and audio controller'.

The company has also announced the appointment of Dr Jalal Bagherli as its new CEO.

Dr Bagherli expects to take up his duties in early October 2005.

Dr Bagherli is currently Vice President and General Manager for the Mobile Multimedia business unit for Broadcom Corp.

Prior to this, he was the CEO of Alphamosaic, which was acquired by Broadcom in September 2004.

Dr Bagherli has extensive experience of the semiconductor industry with a wealth of knowledge about the Far Eastern, European and North American markets, gained through his previous professional and executive positions with Texas Instruments and Sony.

Roland Pudelko, the current CEO, has decided to concentrate on implementing the new strategy for the imaging business of Dialog.

As President of the imaging company and its corresponding European activities, he will seek to develop this business with the participation of external investors and partners.

Roland Pudelko will remain as CEO until Dr Bagherli takes up his position and will thereafter remain a director of Dialog Semiconductor.

Pudelko commented: 'Going forward I am excited about the prospect of driving the new strategy for Dialog's imaging business'.

'I see great potential for this business by partnering with international industry players and with external investors'.

Jan Tufvesson, Chairman, commented: 'We are delighted that Jalal has decided to join the company and we look forward to the insight he will bring'.

'He has first class experience in the semiconductor industry and has a proven track record of success and achievement'.

'We are confident he can make a huge contribution to the company at this exciting stage of its development'.

'We are also very pleased that Roland will focus on developing the strategic partnerships which are necessary to bring success to our imaging business in this dynamic market'.

'I would personally like to thank Roland for his support and commitment as Chief Executive Officer over the past 16 years and I look forward to continuing to work with him'.

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