Actions
Appeals International Trade Commission’s Decision
ZHUHAI,
China, January 8, 2007 -- 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
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
chung@actions-semi.com or
calvin.lau@actions-semi.com
+86-756 3392 353 *1015 or
+86-756 3392 353
*1018
|