e.Digital Corporation (fka EDIG)

[Tinroad]

OT: PortalPlayer Names Chief Financial Officer
http://biz.yahoo.com/prnews/010611/sfm049.html

Dennis Mahoney, Technology Industry Veteran, Brings Strategic Finance And Planning Expertise to Fast Growth Company
SANTA CLARA, Calif., June 11 /PRNewswire/ -- PortalPlayer, Inc., a leading supplier of platform solutions for consumer electronics digital audio recording and playback devices, today announced that Dennis Mahoney has joined the company as chief financial officer (CFO).

``Dennis' solid track record of leading companies from start-up through their fastest growth stages will be a great asset as PortalPlayer moves to the next level,'' said John Mallard, president and chief executive officer of PortalPlayer, Inc. ``Dennis will serve as an integral part of our team as the company grows to become the leading supplier of digital media infrastructure solutions for the consumer marketplace.''

Mahoney brings 25 years of experience in start-ups and fast growing companies to PortalPlayer. Most recently, as CFO of Arcadia Design Systems, he was instrumental in establishing strategic supplier relationships with leading consumer electronics OEMs and completed significant strategic private equity placements. As vice president and CFO at Zen Research, he helped to define the company's intellectual property licensing strategy, completed several private equity placements and prepared the company for its initial public stock offering. At Raster Graphics, he managed all aspects of the company's IPO, improved the company's return on equity by 20%, helped to define the company's mergers and acquisitions strategy and negotiated and completed two acquisitions.

In addition to experience in the electronics industry, Mahoney also served as CFO for leading medical technology companies. While at ADAC Laboratories in the 1990s (the formerly public company became a subsidiary of Philips Medical Electronics in 2000), Mahoney improved return on equity by 30% and completed two strategic acquisitions. He played a key role in defining the company's strategic direction while improving financial results and helped to position the company to win the Malcolm Baldrige National Quality Award.

Mahoney holds a Bachelor of Science degree in Business Administration (Cum Laude) from the University of California, Berkeley (UC Berkeley). He also graduated from UC Berkeley with a Masters in Business Administration in the top five percent of his class. Mahoney is the president of the 575 member Silicon Valley Chapter of Financial Executives International, a worldwide member organization of 12,000 CFOs and senior financial officers. He is a certified public accountant in the state of California.

About PortalPlayer, Inc.

PortalPlayer, Inc., supplies manufacturers of digital audio systems with the essential components needed to build next generation entertainment products, such as portable and in-home stereos that record and play back digital music files without a personal computer. The company provides a complete platform solution that includes a system-on-a-chip; a complete firmware suite including the operating system and implementation licenses for key systems software; and a companion PC-based media manager application. PortalPlayer also provides its customers with access to key technologies through partnerships with such companies as Gracenote (formerly CDDB), Microsoft and Sony, among others.

PortalPlayer was the first company to provide manufacturers with a solution that allowed the digital audio (MP3) player to cut the cord from the computer. PortalPlayer introduced the Tango digital media platform last year, an award-winning chip and software solution to enable players to record digital audio files (music) without having to be plugged into a computer. Founded in May 1999, PortalPlayer is headquartered in Santa Clara, California, with major offices in Seattle, Washington, Charlotte, North Carolina and Hyderabad, India. The company has rapidly grown to more than 160 employees worldwide. PortalPlayer has received three rounds of venture capital funding with investments from CIBC World Markets Corp., Earthlink, Inc., Flatiron Partners, J.P. Morgan Partners, LSI Logic Corp., Morgan Stanley Dean Witter, MP3.com, Techfund, Vulcan Ventures, Inc. and individual investor. More information on PortalPlayer, Inc., and its products is available on the company's Web site, www.portalplayer.com.

NOTE: PortalPlayer, the PortalPlayer logo and Tango are trademarks of PortalPlayer, Inc. All other trademarks or registered trademarks are the property of their respective owners.