SAN JOSE, Calif., July 8 /PRNewswire-FirstCall/ -- CEVA, Inc. ((NASDAQ: CEVA); (LSE: CVA)), a leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions for mobile handsets, consumer electronics and storage applications, today announced it was added to the U.S. small-cap Russell 2000® Index after the equity markets closed on June 27, 2008. Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index.
"We are pleased that CEVA has been added to the Russell 2000 in this year's reconstitution of Russell indexes," said Gideon Wertheizer, CEO of CEVA. "Our inclusion will increase our visibility within the investment community as we continue to expand our presence in the wireless handset and semiconductor markets."
Russell indexes are widely used by investment managers for index funds and as benchmarks for both passive and active investment strategies currently applied to $4.4 trillion in assets. For more information on Russell, please visit http://www.russell.com/
About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) DSP Cores and platform solutions for the mobile handset, consumer electronics and storage markets. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit http;//https://www.ceva-ip.com/
This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including Mr. Wertheizer's statements that CEVA's increased visibility and expansion of presence in the wireless handset and semiconductor markets. The risks, uncertainties and assumptions include: the ability of CEVA's DSP cores and other technologies to continue to be strong growth drivers for the Company, including adapting to changes in the wireless handset and semiconductor markets; the effect of intense competition within our industry; the possibility that the market for our technology may not develop as expected; the possibility that our customers' products incorporating our technologies do not succeed as expected; our ability to timely and successfully develop and introduce new technologies; our reliance on revenue derived from a limited number of licensees; our ability to continue to improve our license and royalty revenue in future periods and other risks relating to our business and the pipeline of companies interested in our technologies, including, but not limited to, those that are described from time to time in the Company's Securities and Exchange Commission filings. CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
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SOURCE: CEVA, Inc.