PortalPlayer, Inc.-- Investor Relations

SAN JOSE, Calif. – April 19, 2006 – PortalPlayer, Inc. (NASDAQ: PLAY), a leading supplier of semiconductor, firmware and software solutions for personal media players and secondary display-enabled notebook computers, has recently been advised that the follow-on to its PP5021 System-on-Chip (SoC), which is expected to be available in the second half of 2006, has not been selected by Apple Computer, Inc. for use in their mid-range and high-end flash based iPods. PortalPlayer believes that the PP5021 will continue to be used in other members of the iPod family.

The company will hold a conference call at 5:00 am Pacific Time tomorrow, April 20, 2006, to discuss the matters contained in this release. To participate, please dial (719) 457-2622 at approximately 4:50 am PT. A live webcast of the conference call will be available via the investor relations page of the company's web site at www.portalplayer.com. Access the web site 15 minutes prior to the start of the call to download and install any necessary audio software. A recording of the conference call will be available for one week, starting at 8:00 am PT after the completion of the call, until midnight April 26, 2006. The phone number to access the recording is (719) 457-0820, and the passcode is 4007628. An archived webcast replay will be available on the web site for 12 months.

The Company is scheduled to provide its first quarter financial results and second quarter guidance on its regularly scheduled earnings conference call on May 1, 2006.

PortalPlayer develops semiconductor, firmware and software platforms for portable multimedia products such as personal media players and secondary display enabled notebook computers. PortalPlayer products empower consumers to quickly and easily manage, enjoy and have access to multimedia content and other forms of information. PortalPlayer is headquartered in San Jose, Calif., with offices in Kirkland, Wash., Taipei, Taiwan and Hyderabad, India. For more information, visit www.portalplayer.com.

Except for the historical information contained herein, the statements in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the future use of our products in the Apple iPod product family. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those discussed in these statements. These risks and uncertainties include, but are not limited to, the cancellation or reduction of orders, Apple's future selection decisions, component shortages, the successful development and introduction of the Company's follow-on product, delays in product introductions, product defects, the impact of technological advances, our ability to compete and other risks detailed in our SEC filings, including our Form 10-K for the year ended December 31, 2005. These forward-looking statements speak only as of the date hereof. PortalPlayer disclaims any intent or obligation to update these forward-looking statements.

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

Note to Readers: PortalPlayer's press releases, presentations and printed remarks are included on this website for historical purposes only. The information contained in these documents should be considered accurate only as of the date of the relevant document. This information may change over time; therefore, visitors to this website should not assume that the information contained in these documents remains accurate at a later time. We do not have any current intention, and expressly disclaim any obligation, to supplement, update or revise any of the information in these documents.

This website, including the press releases, may contain information considered to be forward-looking and reflects management's current expectations. These forward-looking statements may be identified by terminology such as may, will, could, should and expect and the negative of these terms or other similar expressions. We remind you that these statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: our limited operating history and variability of operating results; our ability to identify and retain key customers; our ability to anticipate consumers' desires and design new products that incorporate feature sets that are attractive to our customers; our ability to manage and maintain our suppliers; our dependence on key employees; the continued development of new digitized content; changes in laws and regulations associated with digital content; risks associated with general economic uncertainty; risks identified in "safe harbor statements" of our press releases; and other risk factors. Please refer to our reports filed with the Securities and Exchange Commission for a more detailed description of some of these and other risks and uncertainties that could affect our performance or achievements. You should not place undue reliance on these forward-looking statements.

press releases

PortalPlayer, Inc. Announces Product Transition Setback