Product category: Power Supply ICs and Controllers
News Release from: Dialog Semiconductor
Edited by the Electronicstalk Editorial Team on 23 February 2006
Revenue increase raises
confidence at Dialog
Dialog Semiconductor has reported results for the period ended 31st December 2005
Revenues for the full year increased by 12% to Eur 129.4 million, from Eur 115.8 million in 2004. Operating profit more than tripled, increasing to Eur 7.4 million (2004: Eur 2.3 million). The net loss for the full year was reduced from Eur 6.2 million in 2004 to Eur 3.4 million. The 2005 result includes a Eur 12.5 million loss from discontinued operations related to the Imaging Division.
This article was originally published on Electronicstalk on 23 February 2006 at 8.00am (UK)
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Dr Jalal Bagherli, CEO said: '2005 has been a year of change and progress at Dialog'.
'The results of these changes are evident in our strong financial performance and I am delighted to report a significant increase in our operating profitability and a 12% annual growth in revenues'.
'We have also further consolidated our market position and continued to build on our core competency of providing highly integrated power management solutions for mobile applications and automotive markets'.
'We have continued to focus on building our list of new clients and developing world class products'.
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'We have achieved success in diversifying our customer base'.
'Our three largest customers now account for no more than a third of total revenue each and total 64% in aggregate'.
'We are now generating revenues from three of the world's top six wireless handset suppliers as well as a leading automotive supplier'.
'We have made significant progress during the year in broadening and improving our product portfolio'.
'Throughout 2005, we introduced a number of advanced standard power and audio management ICs, universal LED controllers as well as new display driver products for use in cellular phones, PDAs and other portable electronic devices'.
'We also announced that our leading display drive technology was selected by Qualcomm MEMS Technologies to develop advanced displays for mobile products'.
'Furthermore, we saw increasing demand for our new intelligent motion control ICs in the automotive market following the successful transfer to production of highly integrated system-on-chip solutions'.
'These solutions are based on Dialog's competence in high voltage CMOS technology and enable the integration of high performance analogue circuits, embedded flash memory, microcontroller, high density digital logic and high voltage (40V) circuits on a single chip'.
'Last week we also reported the successful spin out of our Imaging Division'.
'This transaction represented the consummation of over six months of work and the plan we set out last year to find external investment partners for the business'.
'As a result of all of these changes, we entered 2006 with a business entirely focused on developing best in breed power management solutions for the rapidly growing consumer cellular and automotive markets'.
'The growth in next generation handsets and in-car electronics is driving demand for power management solutions'.
'In particular the accelerating transition of the cellular phone industry to 3G and HSDPA technologies is enabling new multimedia capabilities such as DVB-H TV, MP3, video and games downloads'.
'These developments underpin further market expansion for sophisticated power management ICs and a wider variety of advanced mobile display driver products'.
'With our leading products and broad partner base of blue chip companies, we are well positioned to benefit from this opportunity'.
'Since my appointment last year, I have carried out a thorough review of the company's operational and product focus'.
'During the coming year we will not only be creating new products, but also extending our sales, marketing and technical support functions in North America and Asia'.
'We look forward to the year ahead with confidence'.
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