ParthusCeva, Inc., a San Jose-based provider of
licensable digital signal processor (DSP) cores, said it anticipates that next year's
revenues will be between $40 million and $46 million, with gross margins of
approximately 85% and operating profit of between 10% and 15%.
The company anticipates that licensing and royalty revenues will comprise
approximately 85% of total revenues for 2003.
ParthusCeva said it has realized considerable merger-related cost
efficiencies since the combination of Parthus and Ceva was completed at the
start of November. "We anticipate that this restructuring will generate annual
cost savings of between $14 million and $16 million (higher than previously
anticipated), and will result in a one-time restructuring charge in the range
of $5 million to $7 million to be taken in the current quarter.
also notes that in the current quarter it will incur a one-time, non-cash
charge for in-process research and development expenses arising as a result of
the merger of Parthus and Ceva amounting to approximately $16 million."