PortalPlayer – makers of hard disk drive technology used in the iPod – is basking in the glory of the iPod, according to analysts.

Analysts at Credit Suisse First Boston (CSFB) said that PortalPlayer is "well-positioned to benefit from better-than-expected sell-through of Apple's iPod", writes Forbes.

CSFB said: "PortalPlayer is in the sweet spot in 2005. The company has significant unit-growth opportunity with its leading platform for HDD-based media players."

The analysts also predicted that PortalPlayer could penetrate the flash-based player market. CSFB said: "PortalPlayer is now sampling its new flash-based platform at several customers and should be shipping in customer designs by the second half of 2005. We are now modelling 700,000 flash units at about $6 average selling price in the second half."

The research firm raised its 2005 earnings-per-share estimate on PortalPlayer based on revised iPod assumptions. It also raised its first-quarter earnings-per-share estimate on PortalPlayer to 24 cents on revenue of $41.1 million, up from earnings 20 cents on revenue of $38 million.