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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Ceva sees strong 2011 demand for its mobile chips Reuters - Tuesday, February 1 Send IM Story Print TEL AVIV - Israeli mobile chip company Ceva <CEVA.O> forecast strong growth in 2011 after higher phone sales by customers like Nokia <NOK1V.HE> and Samsung <005930.KS> helped drive it to a record profit in 2010's final quarter. Ceva expects 2011 revenue to rise a higher-than-expected 18-23 percent and earnings per share excluding exceptionals to jump 29-36 percent, as the company benefits from the success of its clients in penetrating China's cellular market. Companies such as Infineon <IFXGn.DE>, Broadcom <BRCM.O> and ST Ericsson <STM.PA> <ERICb.ST> license Ceva's technology to build chips known as digital signal processors . "We experienced exceptional growth in the shipment of cellular baseband processors powered by Ceva DSPs across all handset and mobile broadband device market segments, including feature phones, high-end smartphones, tablets, data cards, and machine-to-machine equipment," Chief Executive Gideon Wertheizer said. "This growth is indicative of the wireless industry momentum behind our licensable DSPs, whereby our customers continue to take market share from industry incumbents that rely on in-house developed DSP technology." Its shares rose 2.9 percent on Nasdaq to $23.82. The Chinese cellular market until now has been dominated by Mediatek <2454.TW>, which has begun losing market share to Ceva clients such as Spreadtrum <SPRD.O>, Infineon and ST Ericsson. Ceva's 36 percent market share in the global handset cellular baseband market places it ahead of Qualcomm <QCOM.O>, Texas Instruments <TXN.N> and Mediatek. Diluted earnings per share excluding one-time items in the fourth quarter reached a record 19 cents, up from 11 cents a year earlier. Revenue rose 28 percent to $13 million. Ceva was expected to earn 17 cents a share excluding items on revenue of $12.5 million, according to Thomson Reuters I/B/E/S. Ceva expects 2011 revenue of $53.1-$55.1 million and EPS excluding exceptionals of 72-76 cents. Analysts are forecasting revenue of $51.8 million and EPS of 67 cents. Ceva expects revenue in the first quarter of $13.3-$14.3 million, up 25-35 percent from a year earlier, and EPS excluding items of 18-22 cents, up 50-83 percent from a year ago. Recommend Send IM Story Print Related Articles Oracle to pay $46 mln to settle Sun case AFP - 34 minutes ago Digital revenue up, print down at Gannett AFP - 47 minutes ago Google topples Nokia from smartphones top spot Reuters - 2 hours 16 minutes ago US-TECH Summary Reuters - 2 hours 16 minutes ago Baidu options suggest possible breakout after earnings Reuters - 2 hours 37 minutes ago News Search Top Stories WTO delivers verdict on Airbus vs. Boeing Oil rockets to $101 per barrel on Egypt unrest Egypt protesters call for 'million-man march' Brain scan can tell if a smoker will quit Cyber raids threaten British, US stock markets: report More Top Stories » Related Full Coverage Personal TechnologyMobile phones & personal gadgets All Full Coverage » ADVERTISEMENT Most Popular Most Viewed WikiLeaks' Assange 'dressed as old woman' to evade CIA: book Brain scan can tell if a smoker will quit Egypt protesters call for 'million-man march' Oil rockets to $101 per barrel on Egypt unrest Nicotine study opens path for anti-smoking drug More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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