Zoran Corporation Profile

Zoran Corporation develops and market integrated circuits (ICs) and related products used in digital versatile disc players (DVDs), movie and home theater systems, digital cameras and video editing systems. Zoran also provides integrated circuits, software and platforms for digital television applications that enable the delivery and display of digital video content through a set-top box or television, as well as digital imaging products consisting of semiconductor hardware and software that enable users to print, scan, process and transmit documents to computer peripherals that perform printing functions. Subsequent to its acquisition of Emblaze Semiconductor Ltd. on July 8, 2004, Zoran also provides high-performance, low-power application processors, technology and products for the multimedia mobile telephone market. The Company operates in four industry segments: DVD, Imaging, Mobile and Digital Television. For the three months ended 31 March 2006, Zoran Corporation's revenues rose 93% to $142.2M. Net income totaled $20.8M vs. a loss of $18.8M. Revenues reflect an increase in sales from Imaging division, presence of $30.2M license revenues related to litigation settlement and higher sales from Consumer division due to increased sales of in mobile, DVD & DTV prodcuts. Net income reflects the absence of $517K deferred stock compensation charge.