PENSIONERS Michael Smurfit, Allen McClay and Tony O’Reilly are definitely not over the hill.

Parthus and Ceva said today that their merger is expected to take place tomorrow.

PARTHUS TECHNOLOGIES plc has been rated a clear buy by stockbrokers Merrion Capital, who say the Dublin-based mobile chip and software designer is well placed to exploit any pick-up in the tech sector.

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.

Parthus Technologies has announced second quarter results, with total revenue up 1.36% from the first quarter, at $10.8m (€10.8m) and up 6.3 percent from the same period last year.

Parthus and DSP Group have announced progress in relation to the proposed merger of Parthus with DSP cores licensing business of DSPG ("Ceva Business") announced in April of this year.

Irish company Parthus Technologies plc (Nasdaq: PRTH, LSE: PRH), a 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.

Parthus has announced the launch of In8Stream, an 802.11 multi-mode wireless local area network [WLAN] platform.

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.

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

Parthus has disclosed results of field trails that were undertaken in conjunction with a number of semiconductor, operator and handset companies.

Group and Parthus are in discussions regarding a potential combination of Parthus' business and DSP Group's intellectual property licensing business.

Irish mobile technology provider Parthus [Nasdaq: PRTH, LSE: PRH] has licensed speech and handwriting recognition technologies from ART Advanced Recognition Technologies.

Parthus announced its financial results for the fourth quarter and for the full year ended 31st December, 2001.

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 Inc partners from now on with Insignia Solutions through an integration of their platforms.

Earnings season brought renewed pessimism for tech investors across the globe.

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