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Technology Stocks : ZORAN jpeg/dvd moguls

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To: muzosi who wrote (1480)	9/24/2003 4:59:05 PM
From: Aggie	Read Replies (1) of 1486

DJ news wire...Ah hah =DJ Zoran Down -2: Volume About Six Times Daily Average >ZRAN By Adam L. Freeman Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Zoran Corp. (ZRAN) stock fell more than 8% Wednesday after a major rival announced that its products used in DVDs are taking market share. ESS Technology Inc. (ESST) Wednesday raised its third-quarter net income and revenue estimates, citing strong demand for its entire line of digital entertainment products. In a press release early Wednesday, ESS said it expects its Vibratto II chip products will be its largest selling DVD product by the fourth quarter "as we continue to expand out DVD market share." Shares of Zoran were recently down $1.92, or 8.3%, to $21.10. More than 8.4 million shares changed hands, more than six times its daily average. ESS shares were recently up 5.2% to $10.68 Zoran, based in Santa Clara, Calif., and ESS both develop integrated circuits for digital video and DVD products. In a quarterly filing with the Securities and Exchange Commission, Zoran lists ESS among its top competitors. The majority of Zoran's revenue is driven by sales of its Vaddis DVD technology. In 2002 the company posted 2002 profits of $5.7 million on revenue of more than $149 million. Zoran officials weren't immediately available for comment. -By Adam L. Freeman, Dow Jones Newswires; 201-938-5023; adam.freeman@dowjones.com (END) Dow Jones Newswires September 24, 2003 15:40 ET (19:40 GMT)

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