(Reuters) - DSP shares fell about 8 percent and were trading at $18.41
in afternoon trade on the Nasdaq.
Earlier, the Israel-based maker of chips to convert audio
data into digital mode for telephones and computers reported
second-quarter results slightly ahead of analysts' estimate but
well below prior-year numbers.
"As a result of increased price sensitivity in the U.S.
market, we are seeing an increase of sales of analog systems on
account of digital systems. This trend may continue until the
introduction of our next wave of multimedia products in 2008,"
Eli Ayalon, chief executive officer, said in a statement.
Read more at Reuters.com Market News
in afternoon trade on the Nasdaq.
Earlier, the Israel-based maker of chips to convert audio
data into digital mode for telephones and computers reported
second-quarter results slightly ahead of analysts' estimate but
well below prior-year numbers.
"As a result of increased price sensitivity in the U.S.
market, we are seeing an increase of sales of analog systems on
account of digital systems. This trend may continue until the
introduction of our next wave of multimedia products in 2008,"
Eli Ayalon, chief executive officer, said in a statement.
Read more at Reuters.com Market News
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