ParthusCeva, the entity resulting from the recent merger between Irish company, Parthus and Israeli based Ceva has issued what it describes as a 'conservative' outlook for the coming year.

Chipmaker Parthus has reported a net loss of US$8.7m for the third quarter, representing a loss per share of 15c.

Parthus, DSP Group, Inc and Ceva, Inc have jointly announced the High Court has approved the scheme of arrangement, including the capital repayment, as set out in a circular to shareholders and option holders dated September 2, 2002.

Irish chip designer, Parthus may shed a number of jobs from its operations following the closure of two of its product lines.

In Q1 licensing and royalty revenue grew 53% year-on-year to $8.9m (€10m), up sequentially from $8.7m (€9.8m), Parthus announced today.