SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
PortalPlayer Inc.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock with a $.0001 par value per share
-------------------------------------------------------------------------------
(Title of Class of Securities)
736187204
-------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2004
-------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
------------------------
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act.
(Continued on following page(s))
Page 1 of 5 Pages
CUSIP NO. 13G Page 2 of 5 Pages
_______________________________________________________________________________
1) Names of Reporting persons: Canadian Imperial Bank of Commerce I.R.S.
Identification Nos. of Above Persons (entities only): 13-1942440
_______________________________________________________________________________
2) Check the appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
_______________________________________________________________________________
3) SEC Use Only
_______________________________________________________________________________
4) Citizenship of Place of Organization: Canada
_______________________________________________________________________________
NUMBER OF (5) Sole Voting Power: 1,655,873
SHARES
________________________________________________________________
BENEFICIALLY (6) Shared Voting Power: -0-
OWNED BY
________________________________________________________________
EACH (7) Sole Dispositive Power: 1,655,873
REPORTING
________________________________________________________________
PERSON (8) Shared Dispositive Power: -0-
WITH
_______________________________________________________________________________
9) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,655,873
_______________________________________________________________________________
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see
Instructions):
_______________________________________________________________________________
11) Percent of Class Represented by Amount in Row 9: 7.18
_______________________________________________________________________________
12) Type of Reporting Person (See Instruction): HC
_______________________________________________________________________________
CUSIP NO. 13G Page 3 of 5 Pages
_______________________________________________________________________________
Item 1(a): Name of Issuer:
PortalPlayer Inc.
Item 1(b): Address of Issuer's Principal Executive Offices:
3255 Scott Boulevard, Bldg. 1
Santa Clara, CA 95054
Item 2(a): Name of Person Filing:
Canadian Imperial Bank Commerce
Item 2(b): Address of Principal Business Office or, if none, Residence:
199 Bay Street
Toronto, Ontario M5L 1A2
Canada
Item 2(c): Citizenship:
Canada
Item 2(d): Title of Class of Securities:
Common Stock with a $.0001 par value per share
Item 2(e): CUSIP Number:
736187204
Item 3: Not applicable
Item 4(a): Amount Beneficially Owned:
1,655,873
Item 4(b): Percent of Class:
7.18
CUSIP NO. 13G Page 4 of 5 Pages
_______________________________________________________________________________
Item 4(c): Number of Shares as to Which Such Person Has:
(i) Sole power to vote or direct the vote:
1,655,873
(ii) Shared power to vote or direct the vote:
-0-
(iii) Sole power to dispose or direct the disposition of:
1,655,873
(iv) Shared power to dispose or direct the disposition of:
-0-
Item 5: Ownership of Five Percent or Less of a Class:
Not applicable
Item 6: Ownership of More than Five Percent on Behalf of Another Person:
Not applicable
Item 7: Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
CIBC WMC Inc. (CO)
Item 8: Identification and Classification of Members of the Group:
Not applicable
Item 9: Notice of Dissolution of Group:
Not applicable
Item 10: Certifications:
Not applicable
CUSIP NO. 13G Page 5 of 5 Pages
_______________________________________________________________________________
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: 14 February 2005 CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ Antonio Molestina
-------------------------------
Name: Antonio Molestina
Title: Senior Vice President,
Deputy General Counsel