Irish hi-tech sector company Parthus Technologies is to merge with the licensing division of the American-Israeli computer chip-maker DSP.

Parthus Technologies (Nasdaq:PRTH) a developer of platform-level intellectual property (IP) has announced two enhanced versions of the Parthus InfoStream mobile computing platform optimised for Microsoft Pocket PC 2002 and Microsoft Smartphone mobile technologies.

Parthus Technologies [Nasdaq:PRTH] has announced the availability and licensing of BlueStream Release 6 [R6], Parthus' latest version of its Bluetooth platform.

Parthus Technologies expects to break even next year after securing a major deal with Motorola.

The London market is in positive territory as tech and telecom stocks enjoy a rare bout of buoyant trading.

There may be a slowdown in the world market for chips, but Parthus Technologies has said things will be fine.