SOURCE: Zoran Corporation

November 07, 2007 14:18 ET

Zoran Corporation Announces Termination of SEC Investigation Regarding Historical Stock Option Granting Practices

SUNNYVALE, CA--(Marketwire - November 7, 2007) - Zoran Corporation (NASDAQ: ZRAN) announced that the staff of the Securities and Exchange Commission notified Zoran Corporation by letter dated November 2, 2007, that the staff's investigation of Zoran's historical stock option granting practices has been terminated and that no enforcement action against Zoran has been recommended to the Commission.

About Zoran Corporation

Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio and video, imaging applications, and Connect Share Entertain technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and operations in Canada, China, England, Germany, India, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at www.zoran.com or at 408-523-6500.

Zoran and the Zoran logo are trademarks or registered trademarks of Zoran Corporation and/or its subsidiaries in the United States and/or other countries. All other names and brands may be claimed as property of others.

Contact Information

  • Contact Information
    Karl Schneider
    Zoran Corporation
    408-523-6500
    Email Contact