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Wednesday, July 28, 2010

Pixelplus Announces Q2 2010 Results

PR-Newswire: Pixelplus revenue for Q2 2010 was US$5.6 million, compared to US$3.3 million in the Q1 2010, and US$3.6 million in Q2 2009. Net income in Q2 2010 was US$0.6 million.

Gross margin for Q2 2010 was 33.6%, compared to 40.5% in Q1 2010.

"We are pleased with the steady increase in our revenues in the second quarter and firmly believe that the Company will be able to improve our revenues in the second half of 2010 based on new design wins and business, especially in the security and automotive industries. We also are pleased to have more products in various stages of development and deployment than ever in our history," said S.K. Lee, CEO and Founder of Pixelplus.

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