Analysis: CEVA's reversal of fortune

Junko Yoshida, EETimes
(06/05/2009 12:17 PM EDT)

NEW YORK — Despite the current economic environment, CEVA, a DSP core intellectual property supplier, has a story with a happy -- and surprising -- ending.

When Gideon Wertheizer, CEVA's CEO, came to New York this week (June 2nd) to ring the closing bell at Nasdaq to celebrate the company's 10th year anniversary, he talked about CEVA's 21.6 percent revenue growth in 2008, at a time when worldwide semiconductor revenue declined by 5.4 percent. During the same period, the revenue of the semiconductor IP market did increase, but only at 5.5 percent.

If this doesn't cheer up CEVA's investors, or anyone looking for upbeat news, what will?

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