ZHUHAI, China, Jan. 8 /Xinhua-PRNewswire / -- Actions Semiconductor Co.,
Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies,
today announced that on January 4, 2007 the company filed a Notice of Appeal
with the United States Court of Appeals for the Federal Circuit (the "CAFC")
to review the September 15, 2006 decision of the United States International
Trade Commission in the Matter of Audio Processing Circuits, and Products
Containing Same, Investigation no. 337-TA-538.
Actions continues to believe that all of its products do not infringe any
of its competitors' patents. Actions looks forward to presenting its position
and is hopeful that its appeal will be successful.
"In our opinion, SigmaTel appears to be using frequent litigation as a
marketing tool in the face of their declining market share. We intend to
respond decisively in both the courts and the marketplace. As previously
announced, we have countersued SigmaTel in China, we are rolling out new
products in the U.S., and we are aggressively expanding our distribution
network to gain additional market share," stated Mr. Nan-Horng Yeh, Chief
Executive Officer of Actions Semiconductor. "Above all, we believe that the
steps we are taking best serve the interests of our customers, especially in
the U.S., where consumers want high value products at reasonable pricing,"
concluded Mr. Yeh.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor
companies that provides mixed-signal and multimedia SoC solutions for portable
consumer electronics. Actions Semiconductor products include SoCs, firmware,
software, solution development kits, as well as detailed specifications of
other required components and the providers of those components. Actions
Semiconductor also provides total product and technology solutions that allow
customers to quickly introduce new portable consumer electronics to the mass
market in a cost effective way. The company is headquartered in Zhuhai, China,
with offices in Beijing and Shenzhen. For more information, please visit the
Actions Semiconductor website at http://www.actions-semi.com .
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act
of 1995
Statements contained in this release that are not historical facts are
forward-looking statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements, including financial
projections and forecasts, involve risks and uncertainties that could cause
Actions Semiconductor's actual results to differ materially from our current
expectations. Factors that could cause Actions Semiconductor's results to
differ materially from those set forth in these forward-looking statements
include customers' cancellation or modification of their orders; our failure
to accurately forecast demand for our products; the loss of, or a significant
reduction in orders from, any of our significant customers; fluctuations in
our operating results; our inability to develop and sell new products; defects
in or failures of our products; the expense and uncertainty involved in our
customer design-win efforts; the financial viability of the distributors of
our products; consumer demand; worldwide economic and political conditions;
fluctuations in our costs to manufacture our products; our reliance on third
parties to manufacture, test, assemble and ship our products; our ability to
retain and attract key personnel; our ability to compete with our competitors;
and our ability to protect our intellectual property rights and not infringe
the intellectual property rights of others. Other factors that may cause our
actual results to differ from those set forth in the forward-looking
statements contained in this press release and that may affect our prospects
in general are described in our filings with the Securities and Exchange
Commission, including our Registration Statement on Form F-1 related to our
initial public offering and secondary offering. Actions Semiconductor
undertakes no obligation to update or revise forward-looking statements to
reflect subsequent events or changed assumptions or circumstances.
For More Information
Investor Contacts:
Suzanne Craig or Lisa Laukkanen
The Blueshirt Group for Actions Semiconductor
suzanne@blueshirtgroup.com or
lisa@blueshirtgroup.com
+1-415-217-4962 or
+1-415-217-4967
Chung Hsu or Calvin Lau
Investor Relations at Actions Semiconductor
chung@actions-semi.com or
calvin.lau@actions-semi.com
+86-756 3392 353 *1015 or
+86-756 3392 353 *1018
