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DOLPHIN Integration: The First Semester Results Mark a Tense Period toward aGRENOBLE, France -- July 25, 2008 -- The company confirms the amount of the Group's consolidated sales turnover at the end of the first fiscal semester, closed on March 31, definitely set at 4,712 k€. It translates a slight decrease of 7 % with respect to the sales turnover of 5,073 k€, generated over the same period of last year, putting in evidence a severe tension on the commercial activity due to the drop of the Dollar. The company thus announces their mid-year statements upon the limited review by the statutory auditors. These intermediate statements shall be put on their web-site www.dolphin.fr immediately upon approval by the board of directors. Performance The operating loss amounts to -798 k€ versus a profit of 613 k€ last year and the current result consolidated amounts to -893 k€ versus a profit of 521 k€ last year. Finally the net loss amounts to -330 k€ versus a net profit of 796 k€ recorded last year over the same period. Michel DEPEYROT, chairman of the board, declared that "Our development activity is focused upon the launch of new products. After the positioning of the patent enabling an entry barrier protecting our major innovation of SESAME 3G in the domain of cell libraries, the trio of URANUS embedded memories follows suite to contribute the rebound of the sales turnover of the present year, as well as the event of a new very high resolution codec at 65 nm in parallel and the leap forward of our EDA solutions. The board is eager to congratulate all our teams for their strong effort for confronting a tense situation and to invite investors to join our shareholders who have had the wisdom to give their trust to one of the rare French actors at export in Microelectronics". Perspectives The company indeed has reinforced further its positioning on the design of high resolution products in audio frequencies, above all portable thanks to their low power-consumption. This year has been marked by the setting of new positions of Field Application engineers (FAE) who usefully complement the sales coordinators at the purely technical level. Hence the sales turnover of the third quarter has already caught-up with that of last year. The order backlog has evolved from 136 days at the beginning of the fiscal year to 93 days at the end of the first semester, but this backlog translates into a higher horizon for F-08 sales turnover total higher than that of the same period of last year. This context allows to continue expecting some effective growth, notwithstanding the extreme competitive difficulty of the Dollar, as well as reaching an objective of sales turnover which we set at 12.5 M€. The stock market float, which has continued its slow but regular increase, thanks to the respiration clause of the shareholders' pact, is currently at 43.6 % after the 41.5 % of last year. About Dolphin Integration Dolphin Integration is up to its charter as the most flexible creator in Microelectronics to "enable mixed signal SoCs", with a quality management stimulating reactivity for innovation. Their current mission is to provide worldwide customers with sets of CMOS Virtual Components, fault-free, with high yield and reliable, resilient to noise and exceptional for reducing power consumption, associated with engineering support and product evolutions adapted to their needs.
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