Kurt Mackie is online news editor, Enterprise Group, at 1105 Media Inc.

On October 27, 2011 CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA), the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for the mobile handset, portable and consumer electronics markets, announced its financial results for the third quarter ended September 30, 2011.

Please note that CEVA was featured in great detail in the recent October 17, 2011 EDA WEEKLY:

Q3 2011 CEVA Highlights

- First license agreement for CEVA-MM3000 video & imaging platform for smart phones and smart TVs
- Quarterly volume of CEVA-powered units shipped increase for eleventh quarter in succession, reaching 250 million
- Record high profitability - gross margins expand to 95%, operating margins reach 32% on a US GAAP basis.

CEVA Q3 2011 REVENUE

Total revenue for the third quarter of 2011 was $14.847 million, an increase of 39.08% compared to $10.675 million reported for the third quarter of 2010. Q3 2011 total revenue also exceeded that of sequential Q2 2011, although the excess was only a slim 3.18%.

Third quarter 2011 licensing revenue was $5.2 million, representing an increase of 17% when compared to $4.5 million reported for the same quarter a year ago. Royalty revenue for the third quarter 2011 was $8.8 million, an increase of 67% compared to $5.2 million reported for the third quarter of 2010. Revenue from services for the third quarter of 2011 was $0.9 million, a decrease of 12% compared to $1 million reported for the third quarter of 2010.

Gideon Wertheizer, Chief Executive Officer of CEVA, stated, "CEVA's strong third quarter performance reflects the continued strength of our cellular baseband presence, as shipment volumes of CEVA-powered products increased for the eleventh consecutive quarter, reaching 250 million units during the quarter.”

“We continue to see considerable interest in our diverse technology portfolio from both existing and new customers, as evidenced by strategic licensing agreements with a high volume semiconductor vendor for our new CEVA-MM3000 platform to be used for smart phones and smart TVs and with a tier one handset and tablet OEM for our audio platform," concluded Wertheizer.

Of the eight new license agreements concluded during the third quarter of 2011, six agreements were for CEVA DSP cores, platforms and software, one agreement was for CEVA SATA/SAS product lines and one agreement was for CEVA Bluetooth technology. Target applications for customer deployment are 4G baseband processors, video, imaging and audio in application processors, power line communications (PLC), connectivity and solid state drives (SSDs). Geographically, two of the agreements signed were in the US and six were in Asia Pacific, including Japan.

CEVA Net Income

US GAAP net income for the third quarter of 2011 was $4.935 million, an increase of 65.10% over $2.989 million reported for the same period in 2010.  Q3 2011 Net Income was also 19.69% above the $4.123 million net achieved in sequential Q2 2011.

US GAAP diluted earnings per share for the third quarter of 2011 were $0.20, an increase of 54% compared to $0.13 for the third quarter of 2010.

Yaniv Arieli, Chief Financial Officer of CEVA, stated, "Our third quarter financial performance achieved a number of significant milestones and maintained the momentum generated during the first half of the year.”

“We produced record high gross margins, operating margins, and earnings per share through a combination of solid licensing pipeline, reflecting our excellent product portfolio, continued strength in our royalty business and a company-wide commitment to conservative financial management. At the end of the third quarter, our cash balance, marketable securities and bank deposits totaled approximately $156 million," reported Arieli.

CEVA, Inc. self-description

CEVA is the world's leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions for the mobile handset, portable and consumer electronics markets. CEVA's IP portfolio includes comprehensive technologies for cellular baseband (2G / 3G / 4G), multimedia, HD video and audio, voice over packet (VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA). In 2010, CEVA's IP was shipped in over 600 million devices, powering handsets from 7 out of the top 8 handset OEMs, including Nokia, Samsung, LG, Motorola, Sony Ericsson and ZTE. Today, more than one in every three handsets shipped worldwide is powered by a CEVA DSP core. For more information, visit www.ceva-dsp.com.

Late News about CEVA

CEVA, Inc. Announces Upcoming Schedule of Events with the Financial Community

MOUNTAIN VIEW, Calif., Nov. 2, 2011 /PRNewswire/ --CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA), the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for the mobile handset, portable and consumer electronics markets, today announced that it will participate in the following upcoming conferences:

• TechAmerica 2011 Classic Financial Conference -  Monday, November 7, 2011 in San Diego, California
• Citi 8th Annual US Small/Mid Cap Conference - Tuesday, November 15, 2011 in Las Vegas, Nevada
• Baird Technology Conference - Tuesday, November 29, 2011 in San Francisco, California
• Barclays Capital Global Technology Conference - Wednesday, December 7, 2011 in San Francisco, California

Where available, the company's presentation from these conferences will be streamed via audio webcast.

On October 27, 2011 MIPS Technologies, Inc. (NASDAQ: MIPS), a provider of industry-standard processor architectures and cores for digital home, networking and mobile applications, reported consolidated financial results for its first fiscal quarter of 2012 ended September 30, 2011, which is calendar Q3 2011 for EDA WEEKLY reporting purposes. All financial results are reported in US GAAP unless otherwise noted.

Summary of MIPS Q3 2011 Financial Metrics

• Revenue was $17.217 million, a quarter-to-quarter decrease of 2.16% from sequential Q2 2011 revenue of $17.597, and a 23.61% decrease from Q3 2010 revenue of $22.539 million.
• Licensee royalty units grew to 173 million units from 165 million units in Q2 2011
• Cash and investment balances ended the quarter at $106.7 million