Forbes Names Pixelworks to 2005 List of Fastest Growing Technology Companies
Tualatin, Ore., February 7, 2005 — Pixelworks, Inc. (NASDAQ:PXLW), a leading provider of system-on-chip ICs for the advanced display industry, earned a listing in Forbes Magazine’s prestigious list of 25 Fastest Growing Technology Companies that appears in the February 14, 2005 issue. Pixelworks ranked fourth on the list with a five-year annualized growth of 147 percent.
"We are very proud of this national recognition that Pixelworks has earned. I am particularly pleased that it not only recognizes the success of our products but also the quality of the company that we are building," said Allen Alley, President, CEO and Chairman of Pixelworks, Inc. “It is especially rewarding considering that we have been able to achieve this exceptional growth over the past 5 years and the adoption of new flat panel and high definition televisions is only in its infancy. The future is even more exciting.”
The 25 Fastest Growing Technology Companies list is comprised of publicly traded technology companies with “at least a 10 percent sales gain in each of the last five years, $25 million in sales, a positive net income over the last 12 months and no large legal problems or open-ended liabilities,” according to the article. The complete list and accompanying article can be read online at www.forbes.com/business/forbes/2005/0214/...l?_requestid=10436 (free registration required).
About Pixelworks
Pixelworks, headquartered in Tualatin, Oregon, is a leading provider of system-on-chip ICs for the advanced display industry. Pixelworks' solutions provide the intelligence for advanced televisions, multimedia projectors and flat panel monitors by processing and optimizing video and computer graphics signals to produce high quality images. Many of the world 's leading manufacturers of consumer electronics and computer display products utilize our technology to enhance image quality and ease of use of their products.
Pixelworks, DNX, Digital Natural Expression, Photopia and Gigacolor are trademarks of Pixelworks, Inc. Any other trademarks are the property of their respective owners.xt for legal descriptions look like this.
