Parthus is one of "Europe's 50 Hottest Tech Firms" says TIME Magazine

Dublin, Ireland, 23rd May 2002 - Parthus Technologies plc (Nasdaq: PRTH, LSE: PRH), a leading developer of semiconductor platform-level intellectual property (IP), has been identified for the second time as one of "Europe's 50 Hottest Tech Firms" in TIME magazine's third annual review of the European technology sector.

Including Parthus in its 2002 list, TIME also cited technology consultancy Gartner Dataquest's viewpoint that Parthus' proposed merger with the intellectual property licensing business of DSP Group, 'should catapult the company from No. 8 to No. 4 worldwide' in the semiconductor intellectual property sector.

Welcoming the TIME top fifty listing, Parthus' vice-president of marketing Barry Nolan, commented: "We are delighted to be identified by Time as one of Europe's 50 Hottest Technology Firms. This is the second time that Parthus has been included – its significance is that the list is compiled from a survey of industry leaders who pick the companies they believe have the most innovative products and the most promising business models. This achievement is reflective of our strong growth and development and the unrivalled technology portfolio we have created."

For TIME's third annual Hot Company list, the publication stated that it talked to venture capitalists, industry experts and entrepreneurs to identify the European technology firms with the most innovative products and services and the most promising business models. TIME says it sought out companies with the greatest future potential, not present hype.

For more information, see TIME Magazine's Feature: "Europe's 50 Hottest Tech Firms".

About Parthus

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A PDF copy of this press release is also available here.

Parthus Safe Harbor Statement

This document may contain "forward looking statements". Any "forward looking statements" in this document are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements include uncertainties relating to the ability of management to complete the planned merger with Ceva, Inc. and to successfully integrate the operations of the two companies, uncertainties relating to the acceptance of semiconductor intellectual property offerings, expansion of our business, quarterly variations in results, and other uncertainties that are discussed in our 2000 Annual Report on Form 20-F which is on file with the SEC since June 26, 2001.