Market Cap 380 Mio. USD - Cash 225 Mio. KGV unter 10 - 500 Beiträge pro Seite

[meinolf67]

Kennt jemand den Wert?

War vor einiger Zeit in Euro exklusiv empfohlen.

Halten einen großen Teil der Patente zu HDMI => verdienen über Lizenzen am Wachstum des Flachbildschirmmarktes.

[meinolf67]

Silicon Image Announces Webcast of Upcoming Investor Event
Monday November 26, 7:00 am ET

SUNNYVALE, Calif., Nov. 26 /PRNewswire-FirstCall/ -- Silicon Image, Inc. (Nasdaq: SIMG - News), a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today announced that it will be presenting at the Credit Suisse Annual Technology Conference on Tuesday, Nov. 27, 2007 at 2:30 p.m. Pacific Time. A webcast of the presentation will be accessible on the financial events page of the investor relations website at http://ir.siliconimage.com/events.cfm. An archive of the webcast will be available within two hours of the event.

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About Silicon Image, Inc.

Headquartered in Sunnyvale, Calif., Silicon Image, Inc. is a leader in driving the architecture and semiconductor implementations for the secure storage, distribution and presentation of high-definition content in the consumer electronics and personal computing markets. Silicon Image creates and drives industry standards for digital content delivery such as DVI, HDMI(TM) and Serial ATA (SATA), leveraging partnerships with global leaders in the consumer electronics and personal computing markets to meet the growing digital content needs of consumers worldwide. With a proven track record of improving cross-product interoperability, Silicon Image has shipped more than 100 million HDMI/HDCP and DVI/HDCP semiconductor solutions and offers one of the most robust and comprehensively tested technology platforms in the consumer electronics industry through the Simplay HD(TM) Testing Program of Simplay Labs. Simplay Labs, LLC, a wholly-owned subsidiary of Silicon Image, is a leading provider of testing technologies, tools and services for high- definition consumer electronics devices such as HDTVs, set-top boxes, audio/video receivers and DVD players, helping manufacturers to achieve compatibility and deliver the highest-quality HDTV experience to consumers. Silicon Image is the leading provider of semiconductor intellectual property solutions for high-definition multimedia and data storage applications. For more information, please visit http://www.siliconimage.com.

[taiwandeal]

Antwort auf Beitrag Nr.: 32.580.545 von meinolf67 am 27.11.07 12:53:15

aktuelle Marketcap: 377,61 Mio. USD

http://www.finanznachrichten.de/nachrichten-2007-11/artikel-…

"The mean estimate of analysts polled by Thomson Financial currently sees revenue of $337.5 million in 2008, compared to $311.5 million for 2007.

...

Silicon Image also reported late-Thursday third-quarter results, with adjusted income falling to $8.3 million, or 10 cents a share, compared with analyst expectations of 9 cents a share."




interessant - aber wieso dieser katastrophale Chart

[taiwandeal]

Antwort auf Beitrag Nr.: 32.580.626 von meinolf67 am 27.11.07 13:00:16

http://ir.siliconimage.com/ReleaseDetail.cfm?releaseid=27282…

http://finance.yahoo.com/q/ks?s=SIMG

Profitability
Profit Margin (ttm): 11.69%
Operating Margin (ttm): 12.38%

Management Effectiveness
Return on Assets (ttm): 7.05%
Return on Equity (ttm): 13.64%

Balance Sheet
Total Cash (mrq): 225.69M
Total Cash Per Share (mrq): 2.68




52-Week Change: -62.20%
sieht solide aus - wo liegt der Haken

[meinolf67]

Antwort auf Beitrag Nr.: 32.582.117 von taiwandeal am 27.11.07 15:05:18

im Yahoo-Forum beschwert man sich, dass Management-Vorhersagen nicht eingetroffen seien.

Außerdem habe ich vor zwei Wochen den 10-Q mal GROB überflogen und hängengeblieben ist, dass sie mit ihren Chips kein Geld verdienen, das aber über die Lizenzen überkompensiert wird.

Keine Haftung für diese Einschätzung...

Wenn ich Zeit habe, werde ich es mir mal ansehen.

erst einmal beobachte ich solche Werte gerne eine Weile.

und in dem Zusammenhang lege ich immer einen Thread an.

[taiwandeal]

Antwort auf Beitrag Nr.: 32.582.241 von meinolf67 am 27.11.07 15:14:36

... favoriten und watchlist ...

Gruss aus Taiwan

[meinolf67]

HDMI Licensing, LLC and HDMI Adopters Demonstrate Latest Features at HDMI TechZone
Monday December 10, 8:00 am ET

SUNNYVALE, Calif., Dec. 10 /PRNewswire-FirstCall/ -- At the 2008 International Consumer Electronics Show (CES), HDMI Licensing, LLC, the agent responsible for licensing the High-Definition Multimedia Interface(TM) (HDMI(TM)) specification, is hosting an HDMI TechZone featuring High- Definition Multimedia Interface(TM) (HDMI(TM)) executives and technology experts, including HDMI Licensing, LLC president Leslie Chard.

WHERE:
2008 International Consumer Electronics Show (CES)
Las Vegas Convention Center (LVCC), HDMI Licensing Booth #25705
Lower Level of the South Hall

WHEN:
Jan. 7-10, 2008

HDMI experts will be giving presentations on Monday at 10 a.m., 12 p.m., 2 p.m. and 4 p.m., Tuesday at 11 a.m., 1 p.m., 3 p.m. and 5 p.m. and Wednesday at 12 p.m. 2 p.m. and 4 p.m.

WHO:

Thirteen of more than 725 adopters of HDMI technology will display their technologies, products and testing capabilities inside the HDMI TechZone.

Participants in the HDMI TechZone include:
-- Analog Devices (Booth 25705 #11)
-- BizLink Technologies (Booth 25705 #13)
-- Gennum (Booth 25705 #9)
-- HDMI Licensing, LLC (Booth 25705)
-- Kordz Pty (Booth 25705 #5)
-- Mitsubishi (Booth 25705 Presentation Theater Sponsor)
-- NXP/Philips Semiconductors (Booth 25705 #7)
-- Quantum Data, Inc. (Booth 25705 #4)
-- PRN/Thomson (Booth 25705 #3)
-- Redmere Technology, Ltd. (Booth 25705 #8)
-- Sapphire Tech. Ltd. (Booth 25705 #6)
-- Silicon Image, Inc. (Booth 25705 #1)
-- Simplay Labs (Booth 25705 #2)
-- Vativ (Booth 25705 #12)


WHAT:

The HDMI TechZone will feature a sampling of the hundreds of companies that have already adopted HDMI technology. HDMI is the acknowledged world standard for connecting high-definition consumer electronics products and devices. Utilizing only a single, intelligent cable, users can connect their home theater system without the mess and hassle of multiple cables and cords while still preserving video and audio quality. This year, the HDMI TechZone will feature a presentation theater that will host a series of presentations showcasing the HDMI technology, including a demonstration provided by Mitsubishi displayed on a 73" DLP HDTV previewing a new form of 3-D content only available over HDMI version 1.3.

Additional information about HDMI and HDMI Licensing, LLC is available at http://www.hdmi.org

[meinolf67]

Silicon Image to Release Industry-First UEFI(TM) 2.1 Firmware Upgrade to SATA Controllers

Enhanced Controllers Support Pre-boot Port Multiplier Features and Advanced Apple Storage Features for SATA

LAS VEGAS, Jan 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today announced a Unified Extensible Firmware Interface (UEFI) 2.1 Firmware upgrade to its SiI3132 and SiI3124 SATA SteelVine controllers. Silicon Image is the first in the industry to deploy the UEFI-certified storage controllers, which support enhanced Port Multiplier (PM) features and advanced Apple storage features for SATA. This upgrade to the SiI3132 and SiI3124 controllers supports Silicon Image's mission of delivering digital content everywhere.

UEFI is a new model for the interface between operating systems and platform firmware and provides a standard, modern environment for booting an operating system and running pre-boot applications. The upgrade is currently used in Apple and Windows-based computers. The UEFI specification is based on the EFI specification published by Intel, with changes managed by the Unified EFI Forum.

Silicon Image has added two custom applications to the SiI3132 and the SiI3124 SATA SteelVine controllers. The first new customization is a complete PM driver embedded in the basic input/output system (BIOS) option read-only memory (ROM). This feature enables users to boot from their choice of PM ports, even when using different operating systems. It also allows users to troubleshoot difficult storage issues in a pre-boot environment, speeding up manufacturing and testing time. The second new customization is expanded support for Apple OS storage, with added target mode and removable media support. When using target mode the SATA bus enables twice the speed of FireWire, making backup to a user's desktop hard drive much faster.

The SiI3132 and SiI3124 SATA SteelVine controllers are leading SATA II controllers that support eSATA and FIS-based switching for bandwidth aggregation. Above Native Command Queuing (NCQ) the controllers support out of order data delivery, asynchronous signal recovery, host initiated power management and hotplug, as well as all of the advanced features of SATA II.

"By becoming the first SATA controller to fully adopt the UEFI 2.1 specification, Silicon Image is showing its commitment to providing our controller customers with broad support and increased flexibility," said Conrad Maxwell, Silicon Image's senior product line manager for SteelVine products. "This firmware upgrade gives users more flexibility when it comes to PM products. Developers now have the ability to use off-the-shelf PM products and boot from any PM port."

"As UEFI gains momentum in the industry toward becoming the boot interface for the next generation of platforms, we applaud Silicon Image's leadership in deploying the UEFI 2.1 technology in their SteelVine controllers," said Tony Pierce, president of the UEFI Forum. UEFI Forum members include: AMD, American Megatrends, Apple, Dell, Hewlett-Packard Development, IBM, Insyde Software, Intel, Lenovo, Microsoft and Phoenix Technologies.

"The UEFI specification and industry collaboration from a variety of PC-related companies helps us all achieve interoperability that in the end most benefits the consumers and businesses who buy our products," said Jeff Griffen, director of platform software engineering of Intel Corp.'s Software and Solutions Group. "Intel has worked with Silicon Image during UEFI testing and plugfests to help ensure their products comply with the UEFI specification."

Full production of the new controllers begins January 18, 2008. There is no price increase for the upgraded SATA SteelVine controllers. When purchased in large quantities, prices for the SiI3132 will remain under $7 and under $20 for the SiI3124.

[meinolf67]

MSI Selects Silicon Image's SteelVine SiI5723 Storage Processor for Enthusiast Motherboard Line

SteelVine(R) Gives Consumers a 'Protected for a Lifetime' Technology for their Digital Media

LAS VEGAS, Jan 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image (Nasdaq: SIMG), a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today announced that MSI (Micro-Star International), one of the information technology (IT) industry's leading manufacturers of computer hardware products and solutions and a top-three motherboard manufacturer in Taiwan, has selected Silicon Image's second generation SteelVine Storage Processor SiI5723 for its X38 Diamond and X38 Platinum motherboards.

The SiI5723 provides a simple and reliable storage subsystem and is ideal for PC enthusiasts, professionals and gamers who want a practical, high-performance RAID without the need of an IT professional. The easy to use, 100 percent hardware implementation allows users to define RAID policies by simply setting a switch.

"Our second generation storage processors build on market-proven technology and Silicon Image's existing strong market position," said Conrad Maxwell, Silicon Image's senior product line manager for SteelVine products. "We're very pleased to continue our strong partnership with MSI. By implementing our SiI5723, MSI will be able to deliver to customers a more powerful, user-friendly storage processor that is integrated onto the motherboards, eliminating the need for configuration and additional management software."

Based on Intel's ICH9R southbridge chip and using a socket LGA775 Intel processor, MSI's X38 Diamond and X38 Platinum motherboards incorporate exclusive features for PC enthusiasts, including Dual-Channel Pulse Width Modulation to provide optimum power supply, a fanless cooling system, quad graphics slots, X-Fi Xtreme Audio, MSI SkyTel VoIP and true hardware RAID with the SiI5723.

"MSI is dedicated to providing our customers cutting edge performance and features, and SteelVine storage processors do exactly that," said Vincent Lai, marketing director of MSI. "With a simple switch to set the RAID mode, IT professionals and gaming enthusiasts alike benefit from the simplest hardware RAID implementation available. This means that more people will actually use these advanced storage features, and that photos, videos and personal data can be protected for a lifetime."

[meinolf67]

At the 2008 International CES last week, Silicon Image Inc. introduced the PinnaClear SiI9223 four-port receiver and the SiI9127 two-port receiver, two HDMI integrated receivers that deliver the advanced HDMI 1.3 HDTV features including 1080p Deep Color and x.v.Color expanded color gamut.

The SiI9223 integrated receiver supports Silicon Image's new Mobile High-Definition Link (MHL), a technology that enables mobile devices such as digital cameras and camera phones to connect to and display high-definition content on DTVs.

A series of features makes it easy to integrate the SiI9223 and SiI9127 into existing HDTV designs. An auto boot feature eliminates the need for external microcontroller initialization that can improve the power on "time to picture" of HDTVs, and a software application programming interface (API) provides the framework to reduce firmware development time. The SiI9223 and SiI9127 support 10-bit and 12-bit Deep Color depths (4:4:4 RGB or YCbCr).

The SiI9223 and SiI9127 implement a power management scheme to ensure low standby power consumption through an innovation known as "power islands." Power islands isolate CEC and EDID functions to ensure that only the minimum active circuitry necessary consumes standby power.

Both devices feature built-in support for the Consumer Electronic Control (CEC) functionality and integrated Extended Display Identification Data (EDID). CEC enables manufacturers to add a broad set of command and control functions that, when deployed, can change the way devices behave in a system and allow users to control multiple CEC-enabled devices with a single remote control. Silicon Image's implementation of low power standby mode enables CEC and EDIDs to function with 5V HDMI cable power from source devices such as DVD players, set-top boxes and game consoles.

The PinnaClear Sil9223 is priced at $10.49 and the SiI9127 at $8.87 in 10,000 unit quantities. General sampling to customers will commence in March.

[meinolf67]

Judge Sets April 2008 Trial Date for Silicon Image Trade Secret and Copyright Infringement Case Against Analogix

SUNNYVALE, Calif., Jan 08, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today announced that the trial in its trade secret and copyright infringement case against Analogix Semiconductor, Inc. has been scheduled for April 2008 in the United States District Court for the Northern District of California.

In his ruling on Silicon Image's motion for a preliminary injunction, Judge Joseph C. Spero concluded that "Silicon Image has demonstrated a strong probability of success on the question of misappropriation" and thus ordered an expedited trial. The trial was originally set for September 2008.

Though Judge Spero declined to enjoin Analogix from selling the semiconductors in question pending the trial, he accelerated the trial date "in light of the evident copying, the serious questions raised by Silicon Image on the merits, and the possibility of irreparable harm." In his order declining to issue an injunction before trial, Judge Spero noted issues for trial relating to the adequacy of Silicon Image's protection of its trade secrets.

"We believe the evidence clearly demonstrates that Analogix misappropriated our trade secrets, and we are confident we will prevail at trial," said Edward Lopez, Silicon Image's chief legal officer.

About the Case

In January 2007, Silicon Image filed a complaint charging Analogix with copyright infringement, misappropriation of trade secrets, and unlawful, unfair and fraudulent business practices. In the lawsuit, Silicon Image alleges that Analogix -- without authorization and in violation of Silicon Image's intellectual property rights -- copied and used Silicon Image's proprietary register maps and semiconductor configuration software. The complaint alleges that Analogix gained unlawful access to Silicon Image's confidential and proprietary register maps -- access that Silicon Image never provided to Analogix. In addition to seeking significant monetary damages in an amount to be determined at trial, Silicon Image requested an injunction barring Analogix from its ongoing infringement of Silicon Image's intellectual property rights.

Semiconductor layout designs involve strategic placement of various electronic components, including small memory cells called registers, on interconnected layers of a chip. Silicon Image's layout designs, including its register maps that identify locations of registers within its chip designs, are its guarded trade secrets. Documentation describing its designs is not publicly disclosed and is provided to Silicon Image's customers or business partners only under strict non-disclosure agreements. Silicon Image alleges that Analogix copied and used Silicon Image's register maps by gaining unauthorized access to Silicon Image's proprietary and confidential information.

Along with its chips, Silicon Image has developed, at substantial expense, its semiconductor configuration software. Silicon Image provides the software to its customers who use it to configure Silicon Image chips incorporated in their consumer products. Under its software license agreements, Silicon Image's semiconductor configuration software can only be used with Silicon Image chips and no other products. Such a restriction is common in the industry. The complaint charges Analogix with illegally copying and modifying Silicon Image's semiconductor configuration software and knowingly encouraging its existing and prospective customers to modify and use Silicon Image's semiconductor configuration software with Analogix's chips, a use that is beyond the scope, and in violation of, the rights granted under Silicon Image's software license agreements.

[meinolf67]

Silicon Image Reports Fourth Quarter 2007 Results; Announces Accelerated Stock Repurchase Program

SUNNYVALE, Calif., Feb 07, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today reported financial results for its fourth quarter and its year ended Dec. 31, 2007.

Revenue for the fourth quarter ended Dec. 31, 2007 was $85.3 million, compared to $86.3 million for the third quarter ended Sept. 30, 2007 and $87.0 million for the fourth quarter of 2006. Revenue for the fourth quarter of 2007 included $6.7 million of product revenue from distributor sales during the month of December. Historically, the company has deferred the recognition of sell-through revenue from distributor sales during the third month of a quarter until the following quarter because of the lack of information sufficient to recognize such revenue. As a result of improved business processes, the company has been able to eliminate this delay in revenue recognition beginning with the fourth quarter of 2007. Therefore, 2007 fourth quarter revenue includes an additional month of product revenue from distributor sales in December. Fourth quarter 2006 revenue includes $10.6 million related to royalties earned prior to the fourth quarter of 2006 associated with the Settlement and License Agreement with Genesis Microchip, Inc.

Revenue for 2007 totaled $320.5 million, compared with $295.0 million for 2006.

GAAP net income for the fourth quarter of 2007 was $7.6 million, or $0.09 per diluted share, compared to $4.1 million, or $0.05 per diluted share, for the third quarter and $26.3 million, or $0.29 per diluted share, for the fourth quarter of 2006.

Non-GAAP net income for the fourth quarter of 2007 was $9.5 million, or $0.11 per diluted share, compared to $8.3 million, or $0.10 per diluted share, for the third quarter and $18.3 million, or $0.21 per diluted share, for the fourth quarter of 2006. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets, impact of the one-time change in distributor sell-through revenue in 2007 and certain items related to the Settlement and License Agreement with Genesis Microchip, Inc. in 2006.

GAAP net income for 2007 was $19.0 million, or $0.22 per diluted share, compared to $42.5 million, or $0.49 per diluted share for 2006. For 2007, the company incurred income tax expenses of $20.5 million compared to $14.0 million in 2006. This increase in income tax expenses reduced earnings per diluted share by $0.07 in 2007. The remaining difference between 2007 and 2006 diluted earning per share essentially relates to higher research and development expense from the acquisition of sci-worx completed in Jan. 2007.

2007 non-GAAP net income was $32.7 million, or $0.37 per diluted share, compared to $68.9 million, or $0.79 per diluted share, for 2006. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets, and the impact of the one-time change in distributor sell-through revenue in 2007 and certain items related to the Settlement and License Agreement with Genesis Microchip, Inc., in 2006.

A reconciliation of GAAP and non-GAAP items is provided in a table immediately following the Condensed Consolidated Statement of Income.

Silicon Image also announced that its Board of Directors has authorized the company to move forward with an accelerated stock repurchase program for the repurchase of $62 million of the company's common stock. Upon completion of the accelerated stock repurchase program, the company expects to conclude its previously announced $100 million stock repurchase program which was authorized in February 2007. The company expects to enter into an agreement effectuating this accelerated stock repurchase program by Feb. 15, 2008.

The company also announced that its Board of Directors has authorized a new stock repurchase program for the repurchase, in the open market from time to time as business conditions warrant, of up to $100 million of the company's common stock over a three-year period commencing upon the completion of the aforementioned accelerated stock repurchase program. Purchases under this program may be increased, decreased or discontinued at any time without prior notice.

"We completed 2007 with 24 percent revenue growth in our consumer electronics business, our largest business line, and achieved a 57 percent gross margin overall which is consistent with our long term model of 55 to 57 percent," said Steve Tirado, Silicon Image's president and chief executive officer. "As we move forward into 2008, which is a product transition year for Silicon Image, we expect gross margin to stay within our long term model. We are focused on new product design wins with major customers interested in the recently announced MHL or Mobile High Definition Link and our first generation Personal Entertainment Network products. These efforts are expected to produce revenue growth in 2009."

Financial Outlook

Based upon Silicon Image's current visibility into the seasonally soft first quarter, the following is the financial outlook for Q1, 2008:

-- Revenue $61 million - $63 million
-- Gross margin 55% - 57%
-- GAAP operating expenses $41 million - $42 million
-- Non-GAAP operating expenses $34 million - $35 million
-- Tax rate 42% - 44%



Given that 2008 is a product transition year for Silicon Image, the following is the full year financial outlook for 2008:

-- Revenue $270 million - $290 million
-- Gross margin 55% - 57%
-- GAAP operating expenses $166 million - $168 million
-- Non-GAAP operating expenses $138 million - $140 million
-- Tax rate 42% - 44%

[meinolf67]

Silicon Image, Inc. (SIMG)

Q4 2007 Earnings Call

February 7, 2008 5:00 pm ET

Executives

David Allen - Director of Investor Relations

Steve Tirado - President and CEO

Harold Covert - Chief Financial Officer

Analysts

Sukhi Nagesh - Deutsche Bank

Tayyib Shah - Longbow Research

Heidi Poon - Thomas Weisel Partners

Adam Benjamin - Jefferies & Co.

James Schneider - Goldman, Sachs & Co.

[Irv Chen] - [inaudible]

Analyst for Mahesh Sanganeria - RBC Capital Markets

Presentation

Operator

Good day everyone and welcome to Silicon Images fourth quarter and full year 2007 financial results conference call. Please note that today’s call and question and answer session are being recorded. At this time I would like to turn the call over to Mr. David Allen for opening remarks. Mr. Allen, please go ahead.

David Allen

Good afternoon and welcome to Silicon Images fourth quarter 2007 financial results conference call. I am Dave Allen, Silicon Images’ Director of Investor Relations. Joining me today are Steve Tirado, the company's President and CEO, and Hal Covert, our Chief Financial Officer. The agenda for today's call includes a discussion of annual highlights from our CEO, a more in depth discussion of our financial results for the fourth quarter, and our guidance for Q1 '08 and for the full year 2008 by our CFO, and finally some comments regarding our company strategy for 2008 from our CEO. We will then open the call for Q&A.

Before I turn the call over to Steve let me remind the listeners that we will be making forward looking statements based on our current expectations during the call regarding many aspects of our business and markets in which we operate including but not limited to, forward looking statements about our future products and the timing of new products, design wins, market demands, financial results and performance. Actual results may differ materially from our forward looking statements. Moreover, forward looking statements and the companies future results are subject to certain risks and uncertainties which we described in today’s press release as well as in our filings with the SEC, including but not limited to our most recent periodic reports on form 10-K and 10-Q. These documents describe certain relevant risk factors that could affect our future results. I also want to mention that we will be posting a financial metrics table and have posted reconciliation of non-GAAP financial information to the directly comparable GAAP information in our fourth quarter 2007 financial results press release which is available on the Investor Relations section of our website, siliconimages.com. I will now turn the call over to Steve Tirado. Steve.

Steve Tirado

Thank you Dave, and good afternoon everyone. I'm going to start by covering the annual results in my opening remarks and characterize key highlights for the year. Hal will provide the quarterly performance results and more detail on the year, as well as our financial outlook for 2008. All my comments will be on a non-GAAP basis.

As I look back on 2007, we had initially expected a 20% to 25% growth rate. Our shortfall was a result of less demand for selected products in the game console, PC and storage markets, as well as a more competitive pricing environment for HDMI 1.2 and older products. As the market shifted to a stronger demand for HDMI 1.3 products, we were prepared with a full product line, which resulted in the improved product margins we are again experiencing this quarter and for all of 2007.

We also had been going through the process of integrating a lot of new intellectual property from the Sun Plus IP purchased in January of 2007 and organizing our newly expanded R&D organization of 140 engineers from our acquisition of SiWorks. The integration is now complete and I believe we are far better positioned to provide more innovations and integration across a new line of input processors as well as new products for mobile devices with our recently announce MHL or mobile high definition link products. We've also gained strong interest for new products underlying the personal entertainment network architecture which we will be rolling out into products this year for revenue in 2009.

While all of this has positioned us to do what is necessary to have better time to market across more segments with more complex products, it has also delayed several of our product developments in '07 for '08 revenue. As a consequence, we noted in our last call that revenue would be flat to slightly down for 2008, and today we will give full guidance for 2008. It is important to note that the changes we have gone through over the last 12 months are meant to allow Silicon Image to better differentiate its products and technology, while raising the barriers to competition with much better price performance for our customers.

I'll now turn to some comments about the quarter and 2007.

I'm pleased to report annual and quarterly revenue in line with our most recent guidance, complemented by better than expected gross margins and operating margins for the fourth quarter and full year for 2007.

Key highlights are as follows; number one, we achieved top line annual revenue of $313.8 million for 2007 versus $287.9 million for 2006, or a 9% growth over 2006, which followed an extraordinary 35.6% growth year over 2005.

Number two, overall gross margins came in at 56.6% for 2007 with product margins at 50.7%. Q4 product margins reached 53.4%. The mix of new products, complemented by product cost reductions and increased licensing revenue enabled our overall gross margins to remain in line with our long-term target range of 55% to 57%. As we look into 2008 we believe that both product and overall gross margins will be similar to 2007. This is largely because of our broad product line up for source side products in the CE market, where HDMI 1.3 and general utilization is growing. Penetration into new mobile devices like cameras, camcorders, and newly emerging personal media players, an expected surge in HDMI penetration on the PC, good cost management of our HDMI 1.3 product for DTVs, and an attractive product line of more highly integrated input processors designed at the right cost targets.

[meinolf67]

http://seekingalpha.com/article/70283-silicon-image-inc-q4-2…

[meinolf67]

SUNNYVALE, Calif., April 22 /PRNewswire-FirstCall/ -- Silicon Image, Inc. NASDAQ: SIMG, a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today reported financial results for its first quarter ended March 31, 2008.

Revenue for the first quarter was $67.1 million, compared to $85.3 million for the fourth quarter ended Dec. 31, 2007 and $69.1 million for the first quarter of 2007. Revenue for the fourth quarter of 2007 included $6.7 million of product revenue from distributor sales during the month of December. Historically, the company deferred the recognition of sell-through revenue from distributor sales during the third month of a quarter until the following quarter due to the lack of information sufficient to recognize such revenue. As a result of improved business processes, the company was able to eliminate this delay in revenue recognition beginning in the fourth quarter of 2007. Therefore, 2007 fourth quarter revenue includes an additional month of product revenue from distributor sales in December.

GAAP net loss for the first quarter was $0.6 million, or $0.01 per diluted share, compared to a GAAP net profit of $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2007 and $2.9 million, or $0.03 per diluted share, for the first quarter of 2007.

Non-GAAP net income for the first quarter was $3.4 million, or $0.04 per diluted share, compared to $9.5 million, or $0.11 per diluted share, for the fourth quarter of 2007 and $6.3 million, or $0.07 per diluted share, for the first quarter of 2007. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets, and the impact of the one-time change in distributor sell-through revenue in the fourth quarter of 2007.

A reconciliation of GAAP and non-GAAP items is provided in a table immediately following the Condensed Consolidated Statements of Operations.

Pursuant to the company's previously announced $100 million share repurchase program, on February 12, 2008, Silicon Image entered into an accelerated stock repurchase agreement (ASR), to purchase shares of common stock for an aggregate purchase price of approximately $62 million. As of March 31, 2008, we received 11,538,462 shares. Silicon Image will receive additional shares on June 30, 2008, or an earlier accelerated completion date. To-date, the company has repurchased 16.5 million shares under the $100 million share repurchase program announced on February 8, 2007.

As previously announced on Feb. 7, 2008, the company's Board of Directors has authorized an additional stock repurchase program for the repurchase, in the open market from time to time as business conditions warrant, of up to $100 million of the company's common stock over a three-year period commencing upon the completion of the aforementioned stock repurchase program. Purchases under this program may be increased, decreased or discontinued at any time without prior notice.

"Our financial results for the first quarter represent a solid start down the path of achieving our targeted financial goals for 2008," said Steve Tirado, Silicon Image's president and chief executive officer. "We are particularly pleased with our gross margin performance for the quarter at 58 percent of revenue. Our focus throughout 2008 will continue to be on delivering financial performance in line with our stated goals. At the same time, we will be bringing new products and technologies to market that will position Silicon Image for growth over the next several years."

Financial Outlook

Based upon Silicon Image's current visibility into the second quarter, the following is the financial outlook for the second quarter of 2008:

-- Revenue $66 million - $68 million
-- Gross margin 57% - 58%
-- GAAP operating expenses $41 million - $42 million
-- Non-GAAP operating expenses $35 million - $36 million
-- Interest Income $1.0 million - $1.2 million
-- Tax rate 30% - 35%
-- Diluted shares outstanding approximately 73 million


For the full year of 2008, Silicon Image expects

-- Revenue $270 million - $290 million
-- Gross margin 55% - 57%
-- GAAP operating expenses $165 million - $168 million
-- Non-GAAP operating expenses $142 million - $144 million
-- Tax rate 30% - 35%
-- Diluted shares outstanding approximately 72 million

[meinolf67]

03.06.2008 14:23
AMCC and Silicon Image Announce Their Strategic Alliance on Network Attached Storage Solutions Based on AMCC Power Architecture Processors

Applied Micro Circuits Corporation (NASDAQ: AMCC), a global leader in embedded Power Architecture™ processing, optical transport and storage solutions, and Silicon Image, (News) Inc. (NASDAQ: SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today announced a working alliance to provide Network Attached Storage (NAS) reference designs based on AMCC Power Architecture based processors and Silicon Image's SATA controllers and port multipliers. AMCC and Silicon Image will provide the building blocks to deliver network storage solutions including AMCC's 405EX, 440SPe and the recently announced 460SX and Silicon Image's Sil 3132 and Sil3726.

AMCC provides a broad range of processors based on the Power Architecture, allowing system designers to implement compatible NAS products that scale from home to enterprise-class solutions. One example is the PowerPC 405EX, that combines the proven performance of the market leading PowerPC 405 processor core with a high performance suite of peripherals and interfaces. The PowerPC 405EX is ideal for applications such as SOHO and consumer NAS systems that require exceptional performance, small foot print, and low power. Another example is the PowerPC 460EX processor. With speeds of up to 1.0GHz as well as a robust peripheral set, the PowerPC 460EX is ideally suited to a wide range of SMB-class NAS applications. For high-performance enterprise-class solutions, the 440SPe and 460SX Storage processors provide best-in-class system performance, high-bandwidth I/O subsystems, and high throughput hardware accelerated RAID 5 and RAID 6 functionality.

“We are pleased to announce our strategic alliance with Silicon Image,“ said Charlie Ashton, Director of Enablement at AMCC. “The products from our two companies are highly synergistic and complementary, so we are confident that our NAS customers will benefit from the results of this close cooperation, such as optimized reference designs.“

AMCC and Silicon Image are working together to define and showcase reference designs optimized for specific NAS applications. Customers will be able to use these proven, baseline designs with high confidence that their end products will be optimized for the applicable market segments.

“We are delighted to be working with AMCC to provide advanced solutions for the rapidly growing NAS market place,“ said Alex Chervet, director of marketing at Silicon Image. “The combination of Silicon Image's enterprise class port multipliers&controllers and AMCC's market-leading processors provide our mutual customers a quick way to bring proven ultra-high performance designs to market.“

Building on a proven architecture, Silicon Image's semiconductors and intellectual property provide the flexibility in system design that allows customers to architect industry-leading solutions for the home to enterprise NAS markets. Silicon Image's SiI 3132™ is a single-chip, one-lane PCI Express to 2-port Serial ATA (SATA) II host controller that provides server-class performance. The SiI3132 product supports all Serial ATA II features, including FIS based switching and out of order NCQ data delivery. Silicon Image's SiI3726 is a 1-to-5 Serial ATA (SATA) Port Multiplier designed to provide a high-performance link between a single SATA host port and five SATA device ports. The SiI3726 product gives system designers or end users the flexibility to choose 1.5 Gbps or 3 Gbps SATA hard drives.

About AMCC

AMCC provides leadership semiconductor solutions to process, transport, and store digital information for the world's wired and wireless networks. As a leading supplier of Power Architecture™ based processors and with world-class expertise in SONET and Ethernet protocol processing, PHY technology, Storage processors and RAID controllers our products are the foundation of the IP Communications Revolution. AMCC's 3ware® SAS and SATA RAID controllers deliver cost-effective, high-performance, high-capacity storage for enterprises and consumers worldwide in applications like disk-to-disk backup, near-line storage, network-attached storage (NAS), video, and high-performance computing. For further information regarding AMCC, please visit our website at http://www.amcc.com.

[meinolf67]

Silicon Image Announces SteelVine Storage Processor Support for Intel's Latest PC Chipsets



TAIPEI, Taiwan, June 3, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- COMPUTEX -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today announced SteelVine(TM) support for the latest generation of Intel(R) PC chipsets with the release of its Advanced Host Controller Interface (AHCI) version 1.2 Serial ATA (SATA) driver.

Designed for compatibility with Microsoft(R) Windows Vista(R), Windows Server(R) 2008 and future versions of Window's operating systems using Microsoft's latest Storport driver architecture, Silicon Image's AHCI driver allows PC OEMs to create cost optimized motherboard designs that embed SteelVine storage processors and port multipliers.

The Silicon Image AHCI driver takes full advantage of the Serial ATA architecture and provides seamless operation between Intel's chipsets and Silicon Image's SteelVine(TM) storage processors renowned for their ease of use in motherboard RAID solutions.

"At Silicon Image we focus on bringing innovative and cost-effective technology enhancements to industry standards for digital content delivery," said Conrad A. Maxwell, senior product line manager at Silicon Image. "This new product offering represents a significant improvement in motherboard and eSATA support as our AHCI driver allows all drives to be visible without the need for an additional discrete port multiplier aware SATA controller."

Designed to take advantage of Silicon Image's high-bandwidth SteelVine storage solutions already implemented in high-volume motherboard applications, the new AHCI driver is compatible with Silicon Image port multipliers and storage processors that provide multi-RAID modes, like SAFE33, as well as standard RAID modes. Using this driver saves the cost of a discrete SATA controller while still allowing full access to all SteelVine functions. Further integration is offered through a bundle that includes motherboard installation software and supports Silicon Image's hot plug mechanism over eSATA.

Silicon Image's SteelVine storage solutions are the right answers for consumers desiring to access high-quality digital media stored on their PCs and DVRs and distribute that content throughout their home and mobile environments. For more information on Silicon Image's SteelVine storage product line of controllers, port-multipliers, HBAs, bridges and reference designs for simple, reliable, scalable storage in consumer devices please visit http://www.siliconimage.com.

[meinolf67]

Silicon Image Responds to Analogix Semiconductor Lawsuit



SUNNYVALE, Calif., June 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today announced that Analogix Semiconductor, Inc. has filed a complaint against Silicon Image in the United States District Court for the Northern District of California, alleging that Silicon Image conducts its business in a manner contrary to the antitrust laws of the United States, including with respect to the operation of HDMI Licensing, LLC, and Simplay Labs, LLC, wholly owned subsidiaries of Silicon Image.

Silicon Image believes this filing is in connection with the earlier lawsuit filed by Silicon Image in January 2007 against Analogix in the United States District Court for the Northern District of California, accusing Analogix of copyright infringement, misappropriation of trade secrets, and unlawful business practices. The case is scheduled to go to trial in September 2008. In its lawsuit, Silicon Image alleges that Analogix, without authorization and in violation of Silicon Image's intellectual property rights, copied and utilized Silicon Image's proprietary register maps and semiconductor configuration software.

"It is unfortunate that, as the trial date for our case against Analogix approaches, they have chosen to file a complaint against Silicon Image containing allegations that are without merit and an attempt to distract from the legitimate issues about Analogix's business practices raised in our litigation against the company," said Edward Lopez, Silicon Image's chief legal officer.

HDMI technology has been adopted by more than 800 semiconductor, consumer electronics and PC manufacturers; all producing a wide variety of HDMI-enabled products. According to a December 2007 report by market research firm In-Stat, over 229 million devices incorporating HDMI technology are expected to ship in 2008, with an installed base of nearly 1 billion HDMI-enabled devices projected by 2010.

[meinolf67]

Silicon Image Input Processors Deliver Extraordinary 170MHz 36-bit Analog Quality with New HDMI Features

Featuring InstaPort, Mobile High-Definition Link and ChromaViv Technologies

SUNNYVALE, Calif., June 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today announced two new quad-port 170MHz 36-bit analog color input processors, the SiI9251 and SiI9261, for digital television (DTV) and audio/video receiver (AVR) products respectively. Both processors offer exceptional analog and digital content quality and incorporate Silicon Image's InstaPort(TM), MHL(TM) and ChromaViv(TM) technologies to dramatically reduce switching times between HDMI(TM) technology enabled source devices, offer HD mobile device connectivity to DTVs and provide highly accurate component colors.

These new input processors offer four HDMI 1.3 technology enabled ports with Deep Color and x.v.color support, four ports of 170 MHz 36-bit analog input and integrated CVBS and Y/C switching.

The following features are supported:

-- 4 HDMI 1.3 technology ports
- Deep Color, x.v.color support
-- MHL technology and InstaPort technology support
-- 4 HD analog video ports
- 170MHz (UXGA, 1080p)
- 36-bit color
- ChromaViv technology color calibration
-- Multiport CVBS/YC switch
-- Power Island design
- Low standby power (30mW)
-- Integrated EDID (4) and CEC




"Input processors provide a high-integration, subsystem-level solution that delivers not only superior video quality but also the latest in connectivity innovation," said Lew Paceley, DTV marketing director, Silicon Image. "DTV and AVR makers are facing increasing competition on a worldwide basis. Input processors can provide a highly differentiated, fast-time-to- market solution that is cost-effective and easily integrates the latest in consumer features."

The SiI9251 and SiI9261 input processors incorporate InstaPort technology, a new innovation that enables high speed switching between HDMI input ports by adding intelligence to the inputs. By minimizing switching lag between HDMI technology enabled source devices, consumers can more quickly access and enjoy the content found on the ever increasing number of new mobile and broadband entertainment devices connected to the DTV.

To better support the enjoyment of high definition mobile content via the DTV, the SiI9251 and SiI9261 integrate support for Silicon Image's MHL technology. MHL technology equipped mobile devices such as mobile phones, digital cameras and media players can be easily connected to DTVs and AVRs incorporating the SiI9251/SiI9261 input processors to allow consumers to enjoy and share their mobile content on the big screen.

To complete the solution, Silicon Image is also introducing its ChromaViv 36-bit analog color technology. This advanced color calibration solution, found in the SiI9251/SiI9261 input processors, ensures accurate HD analog color.

For more information on the next generation of Silicon Image input processors, please visit www.siliconimage.com.

[meinolf67]

14.07.2008 14:06
Silicon Image Offers Mobile Phone Manufacturers a Better Way to Implement an HDTV Connection

SUNNYVALE, Calif., July 14 /PRNewswire-FirstCall/ -- Silicon Image, (News) Inc. , a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition (HD) content, today announced its ultra-low-power interface solution consisting of a VastLane(TM) SiI9206 HDMI(TM) transmitter PHY semiconductor and a companion link layer IP core for use in consumer mobile device applications. This dual- mode solution supports the HDMI specification and Silicon Image's MHL(TM) technology interface.

MHL technology is a new connectivity solution that can dramatically reduce connector size by only requiring five pins for full HD content delivery. MHL technology can also accommodate multiple functions across shared pins like USB, charging, analog video and audio headsets, making it the most optimized answer for mobile handset requirements today.

"Consumers are demanding more from their mobile handsets as entertainment content becomes available for download and consumption. Connecting stored mobile content to an HDTV will be a differentiating handset feature," David Kuo, director of marketing at Silicon Image. "Taking high-resolution photos and storing full movies on your mobile handset is commonplace, and connecting to an HDTV is the perfect way to increase the value of that content."

The ultra-low-power SiI9206 PHY integrated circuit (IC), with built-in 8kV electro static discharge (ESD) protection, is ideal for mobile device applications and is designed to significantly reduce bill-of-material (BOM) costs. The link layer IP core, which is designed to be integrated into a system-on-a-chip (SoC), can be quickly targeted to any foundry or process, delivering a definite time-to-market advantage compared to a fully integrated solution. In addition, this implementation supports both HDMI and MHL technologies, enabling mobile device IC providers to support either interface in a single SoC design.

Today, mobile device IC providers have the option of either using external discrete HDMI chips or fully integrating HDMI functionality into their mobile device ICs. Silicon Image is now offering a solution that provides the benefits of both approaches, including a lower bill-of-material cost compared to discrete IC implementations, faster time-to-market and less chip I/O compared to full integration into the SoC.

"Our ultra-low-power dual-mode SiI9206 solution will enable consumers to play their high-quality mobile content at the full visual and audio capabilities of their HDTV systems," stated Ron Richter, director of business development at Silicon Image. "Silicon Image is the only provider of low-power HDMI ICs, full IP cores and the latest SiI9206 PHY IC approach that give our SoC customers the options they need to stay competitive in the mobile device and consumer electronics markets."

Key features of Silicon Image's HDMI/MHL transmitter PHY include: -- Support for both HDMI and MHL technologies -- Ultra-low power (<30mW at 1080p/30fps) -- Low power down (<10mA) -- Integrated 8kV ESD, reducing cost and board real estate -- Small size (4mm x 4mm 28 pin QFN) -- Broad operating temperature range (-20C to +85C)

-- Six-bit SoC data bus for reduced I/O (14 I/Os vs. 19 I/O-full HDMI integration)

-- Integrated CEC hardware support

Silicon Image plans to have samples of the SiI9206 transmitter PHY and the accompanying link layer IP core in the fourth quarter of 2008. More information on the company's transmitter IC and IP core solutions can be found at .

[meinolf67]

Silicon Image Reports Second Quarter 2008 Financial Results



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SUNNYVALE, Calif. -- July 24, 2008 -- Silicon Image, Inc. (Nasdaq: SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today reported financial results for its second quarter ended June 30, 2008.

Revenue for the second quarter of 2008 was $70.1 million, compared to $67.1 million for the first quarter of 2008 and $79.8 million for the second quarter of 2007.

GAAP net loss for the second quarter of 2008 was $0.5 million, or $0.01 per diluted share, compared to a GAAP net loss of $0.6 million, or $0.01 per diluted share, for the first quarter of 2008 and GAAP net income of $4.4 million, or $0.05 per diluted share, for the second quarter of 2007.

Non-GAAP net income for the second quarter of 2008 was $5.0 million, or $0.07 per diluted share, compared to $3.4 million, or $0.04 per diluted share, for the first quarter of 2008 and $8.5 million, or $0.10 per diluted share, for the second quarter of 2007. Non-GAAP net income excludes stock-based compensation expense and amortization of intangible assets.

A reconciliation of GAAP and non-GAAP items is provided in a table immediately following the Condensed Consolidated Statements of Operations.

Our financial results for the second quarter marked continued progress toward our targeted financial goals for 2008, said Steve Tirado, Silicon Image's president and chief executive officer. We are particularly pleased with another strong gross margin performance this quarter at 58 percent of revenue. Our focus throughout 2008 remains on delivering financial performance in line with our stated goals and bringing new products and technologies to market that will position Silicon Image for growth over the next several years.

Second Quarter Highlights

* InstaPort™ technology introduction enabling a switching times of less than a second between HDMI devices connected to a DTV, compared to the traditional switching times of 4-7 seconds. Video and audio sync times when changing from a set top box to a DVD player or any other device no longer lags to the point of consumer dissatisfaction.
* New DTV Input Processors (SiI9251 and SiI9261) supporting 4 high performance 36 bit component analog and 4 high performance HDMI 1.3 ports. Key technologies include Chromaviv™ color calibration, deep color, x.v color support, MHLTM technology and InstaPort high speed port switching.
* New Port Processors (SiI9285 and SiI9287) incorporating MHL technology for low pin count multi-function mobile device connectivity and InstaPort high speed port switching.
* New 12 megapixel camera processor IP core offering advanced camera functionality only found in digital still cameras to mobile phones, portable media players and other mobile devices.
* SteelVine™ Storage Processors support new Intel chipsets with its Advanced Host Controller Interface (AHCI) version 1.2 Serial ATA driver. Removes need for additional discrete port multiplier aware SATA controller.
* ASUSTeK Computer introduces seven new ASUS P5Q channel motherboards incorporating Silicon Image's SteelVine SiI5723 storage processor and the new ASUS Drive Xpert™ management utility software jointly developed by Silicon Image and ASUSTeK.
* Samsung Electronics and Simplay Labs™ launch the Simplay HD Self-Testing Pilot Program. The program will include on-site Simplay testing equipment installation, technician training and certification, quality control, collaborative test specification reviews and integration with product development and supply chain processes.
* Mobile Handset Industry Leaders forms a working group to drive new memory interface standard - Serial Port Memory Technology (SPMT™), the first-of-its-kind memory standard for dynamic random access memory (DRAM). ARM, Hynix Semiconductor Inc, LG Electronics, Samsung Electronics, Silicon Image, Sony Ericsson Mobile Communications AB and ST Microelectronics constitute the working group. SPMT provides a low power high performance solution that can extend battery life, reduce pin count 50% or more over DDR interfaces and offers single or multiple ported capability in a single SPMT memory chip.
* Silicon Image appoints Rashid Osmani to lead its global engineering organization. Osmani brings over 25 years of management and product development experience at leading technology companies.
* HDMI LLC appoints Steve Venuti as its new president.

Financial Outlook

The following is Silicon Image's current financial outlook for the third quarter of 2008:

* Revenue: $75 million - $77 million
* Gross margin: 56% - 57%
* GAAP operating expenses: $43 million - $44 million
* Non-GAAP operating expenses: $33 million - $34 million
* Interest Income: $0.9 million - $1.0 million
* Effective tax rate: 30% - 35%
* Diluted shares outstanding: approximately 75 million

For the full year of 2008, Silicon Image expects

* Revenue: $284 million - $289 million
* Gross margin: 57% - 58%
* GAAP operating expenses: $171 million - $173 million
* Non-GAAP operating expenses: $140 million - $142 million
* Effective tax rate: 30% - 35%
* Diluted shares outstanding: approximately 75 million on December 31, 2008

[meinolf67]

Silicon Image Reports Third Quarter 2008 Financial Results



SUNNYVALE, Calif., Oct 23, 2008 (BUSINESS WIRE) -- Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition content, today reported financial results for its third quarter ended September 30, 2008.

Revenue for the third quarter of 2008 was $77.8 million, compared to $70.1 million for the second quarter of 2008 and $86.3 million for the third quarter of 2007.

GAAP net income for the third quarter of 2008 was $6.1 million, or $0.08 per diluted share, compared to a GAAP net loss of $0.5 million, or $0.01 per diluted share, for the second quarter of 2008 and GAAP net income of $4.1 million, or $0.05 per diluted share, for the third quarter of 2007.

Non-GAAP net income for the third quarter of 2008 was $17.7 million, or $0.23 per diluted share, compared to $5.0 million, or $0.07 per diluted share, for the second quarter of 2008 and $8.3 million, or $0.10 per diluted share, for the third quarter of 2007. Non-GAAP net income for the third quarter of 2008 consisted of $9.7 million, or $0.13 per diluted share, from operations and $8.0 million, or $0.10 per diluted share, attributable to income tax benefits. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets and restructuring charges.

A reconciliation of GAAP and non-GAAP items is provided in a table immediately following the Condensed Consolidated Statements of Operations.

"During Q3 we sequentially increased revenue and operating profit in line with our plan and generated $15 million in cash," said Steve Tirado, Silicon Image's president and chief executive officer. "As of September 30, 2008 we had $200 million in cash and investments and no debt. We've experienced a number of design wins during the quarter and expect to win additional slots as we progress through the 2008/2009 customer design win season in accordance with our new product initiatives roadmap."

Third Quarter Highlights

-- Samsung Electronics implements InstaPort (TM) technology in next
generation DTVs in order to improve the HDTV entertainment
experience for their consumers.
-- Instaport reduces HDMI device switching time to sub-second speeds
vs competitive solutions at 4-7 seconds.
-- New PEN (Personal Entertainment Network) digital connectivity
technology voted "Best New Product Idea" at CableLabs (R) Summer
Conference 2008.
-- PEN "Echocast technology" solves remote user interface
distribution with a "pixel accurate protocol" that provides a highly
responsive consumer experience to any display on a wired or wireless
home network.
-- Introduction of SiI9206 - a new ultra-low-power dual-mode HDMI/MHL
interface solution targeting the mobile phone handset.
-- VastLane HDMI and DVI Transmitters now available for next-generation
AMD processor-based mobile, thin-client, point-of-sale and gaming
systems.


The following is Silicon Image's current financial outlook for the fourth quarter of 2008:

Revenue: $68 million - $69 million
Gross margin: 57% - 58%
GAAP operating expenses: $40 million - $41 million
Non-GAAP operating expenses: $34 million - $35 million
Interest Income: $0.9 million - $1.0 million
Effective tax rate: 0%
Diluted shares outstanding: approximately 76 million

[meinolf67]

OAKLAND, Calif., Dec 30, 2008 (ASCRIBE NEWS via COMTEX) -- SIMG | Quote | Chart | News | PowerRating -- Silicon Image, Inc., a provider of semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition content, has updated its outlook for projected financial results for the fourth quarter ending December 31, and provided financial goals for 2009.

In a release, the Company noted that revenue for the fourth quarter is currently expected to be in the range of $56 million to $58 million. The Company's previous guidance for fourth quarter revenue was in the range of $68 million to $69 million. Gross margin for the quarter is expected to be 57 percent to 58 percent, which is in line with the Company's previously stated goals. Not including restructuring charges, projected GAAP and Non-GAAP operating expenses, remain unchanged and are anticipated to be in the ranges of $40 million to $41 million and $34 million to $35 million, respectively. Non-GAAP operating expenses exclude projected stock based compensation expense of approximately $4 million and amortization of intangible assets of approximately $2 million.

Silicon Image plans to record a restructuring charge, in the fourth quarter, of approximately $4 million to $5 million primarily related to the 10 percent reduction in staff announced on December 8. Finally, the Company expects to have approximately $180 million in cash and no debt on December 31.

"The fourth quarter of 2008 has been challenging for many companies including Silicon Image," said Steve Tirado, Silicon Image's President and CEO. "Although we are making good progress with our new product introduction and design-win programs, revenue generation momentum has slowed due to the unfavorable macroeconomic environment. Despite the difficult environment, our new products are positioning the Company for the future as we prepare to enter 2009."

The Company also provided the following financial goals for 2009:

- Continue to be profitable at the operating profit level, excluding stock based compensation expense and amortization of intangible assets in every quarter - Continue to generate positive cash flow from operations in every quarter - Maintain gross margin in-line with our long-term financial model of 55 percent to 57 percent - Quarterly GAAP operating expenses of approximately $36 million to $38 million and non-GAAP operating expenses of approximately $30 million to $32 million - Non-GAAP operating expenses exclude stock based compensation expense of approximately $4 million and amortization of intangible assets of approximately $2 million - Tax rate of approximately 25 percent

"We are enhancing our value proposition by helping our customers differentiate their products in the market place," continued Tirado. "Our new line of port processors has achieved traction with major OEMs for new TVs in 2009. Compelling technologies like InstaportTM, MHL (Mobile High Definition Link) and Steelvine are the key reasons for our design win success. Our product strategy has strengthened our competitive position as we enter 2009, with the goal of growing quarterly revenue - from the fourth quarter 2008 level - and continuing to achieve gross margin in line with our long-term financial model. In addition, we have taken steps to continue to reduce operating expenses and generate positive cash flow from operations in every quarter of 2009."

[meinolf67]

Silicon Image to Host Financial Analyst Meeting at Consumer Electronics Show


SUNNYVALE, Calif., Jan 06, 2009 (BUSINESS WIRE) --

Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition content, today announced that it will host its financial analyst meeting at the 2009 International Consumer Electronics Show in Las Vegas, NV.

A live webcast will be available on Friday, January 9th,2009 at 8:00 a.m. PT. A replay of the webcast will be available one hour after the webcast presentation ends and will be accessible for 90 days. Interested parties can access the live webcast and replay using the following URL: http://ir.siliconimage.com/events.cfm.

[meinolf67]

Silicon Image Reports Fourth Quarter and 2008 Financial Results


SUNNYVALE, Calif., Feb 05, 2009 (BUSINESS WIRE) -- Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition content, today reported financial results for its fourth quarter and full year ended December 31, 2008.

Revenue for the fourth quarter of 2008 was $59.4 million, compared to $77.8 million for the third quarter of 2008 and $85.3 million for the fourth quarter of 2007. Revenue for 2008 totaled $274.4 million, compared with $320.5 million for 2007.

GAAP net income for the fourth quarter of 2008 was $5.0 million, or $0.07 per diluted share, compared to $6.1 million, or $0.08 per diluted share, for the third quarter of 2008 and $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2007. GAAP net income for the fourth quarter of 2008 includes pre-tax restructuring expenses of $4.0 million, compared with $1.9 million in the third quarter of 2008. GAAP net income for 2008 was $10.1 million, or $0.13 per diluted share, compared to $19.0 million, or $0.22 per diluted share for 2007.

Non-GAAP net income for the fourth quarter of 2008 was $15.7 million, or $0.21 per diluted share, compared to $17.7 million, or $0.23 per diluted share, for the third quarter of 2008 and $9.5 million, or $0.11 per diluted share, for the fourth quarter of 2007. Non-GAAP net income for 2008 was $41.7 million, or $0.54 per diluted share, compared to $32.7 million, or $0.37 per diluted share for 2007. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets and restructuring charges.

A reconciliation of GAAP and non-GAAP items is provided in a table following the Condensed Consolidated Statements of Income.

\"2008 was a challenging year for the industry and Silicon Image responded in a strategic and disciplined manner,\" said Steve Tirado, Silicon Image\'s president and chief executive officer. \"We focused on development of our technology to expand the breadth of our product offering, and the continued improvement of the efficiency of our operating model by enhancing our gross margin and lowering operating expenses. During the last twelve months, we have introduced industry-leading new technology developments such as Mobile High-Definition Link and LiquidHD along with supporting products. Going forward we are well positioned to grow revenue and earnings when the economy and the consumer electronics industry rebound.\"

Fourth Quarter Highlights

* Introduction of LiquidHD(TM) - a new personal entertainment technology designed to quickly and easily connect TVs, consumer electronics (CE) devices, personal computers (PCs), portable media devices (PMD) and home theaters into a seamless network where consumers can enjoy digital content from any source device on any LiquidHD-enabled display in the home.
* Introduction of the Sil6100 HD display processor - the world\'s first device supporting the newly introduced LiquidHD(TM) technology.
o The Sil6100 is a highly integrated system-on-chip (SoC) that incorporates a multi-standard high-definition and standard-definition video decoder for H.264, MPEG-2 and VC-1 formats.
* Introduction of LiquidPlay(TM) - a key component of LiquidHD technology that provides comprehensive digital security and content protection - endorsed by the Fox Group, a major Hollywood studio.
* Silicon Image was awarded the Technology & Engineering Emmy(R) Award by The National Academy of Television Arts & Sciences (NATAS) for its contribution to the development and implementation of the High-Definition Multimedia Interface (TM) (HDMI(TM)) technology standard.
* Silicon Image and Scalado AB collaborated to integrate Scalado SpeedTag(TM) technology into the Silicon Image mobile phone camera processor IP core product line allowing high-resolution images to be processed and displayed more quickly than standard JPEG images.
* New R&D center and sales office opened in Shanghai, China.

The following is Silicon Image\'s financial performance estimates for the first quarter of 2009:

Revenue: $40 million - $45 million
Gross margin: 56% - 57%
GAAP operating expenses: $38 million - $39 million
Non-GAAP operating expenses: $31 million - $32 million
Interest income: $0.9 million - $1.0 million
Effective tax rate: 25%
Diluted shares outstanding: approximately 77 million
Use of approximately $10 million in cash to fund working capital requirements

Use of Non-GAAP Financial Information

Silicon Image presents and discusses gross margin, operating expenses, net income and basic and diluted net income per share in accordance with Generally Accepted Accounting Principles (GAAP) and on a non-GAAP basis for informational purposes only. Silicon Image believes that non-GAAP reporting, giving effect to the adjustments shown in the attached reconciliation, provides meaningful information and therefore uses non-GAAP reporting to supplement its GAAP reporting and internally in evaluating operations, managing and monitoring performance, and determining bonus compensation. Further, Silicon Image uses non-GAAP information as certain non-cash charges such as amortization of intangibles and stock based compensation do not reflect the cash operating results of the business. Silicon Image has chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of its operating results and to illustrate the results of operations giving effect to such non-GAAP adjustments. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Conference Call

The company will host an investor conference call today to discuss its fourth quarter and fiscal year 2008 results at 2:00 p.m. Pacific Time and will web cast that event. To access the conference call, dial 719-457-2558 and enter pass code 9443022. The webcast will be accessible on Silicon Image\'s investor relations website at http://www.SiliconImage.com. A replay of the conference call will be available within two hours of the conclusion of the conference call though February 10, 2009. To access the replay, please dial 888-203-1112 or 719-457-0820 and enter pass code 9443022.

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Silicon Image Appoints New Vice President of Worldwide Marketing

Tim Vehling Joins Silicon Image from Micronas GmbH Bringing Nearly 20 Years of Industry Experience

SUNNYVALE, Calif., Jun 03, 2009 (BUSINESS WIRE) -- Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition (HD) content, today announced the appointment of Tim Vehling as vice president of worldwide marketing. Vehling will be responsible for Silicon Image's product marketing, corporate marketing and technical marketing operations worldwide.

Vehling has nearly 20 years of progressive leadership experience in worldwide marketing combined with a strong technology background. His expertise includes identifying and fostering strategic partnerships, driving system-on-chip (SoC) product roadmaps and definitions, and leading global teams.

"I am very pleased to have Tim join our executive team and look forward to working with him to drive our advanced digital connectivity strategy, initiatives and solutions to emerging and established markets," said Steve Tirado, president and chief executive officer at Silicon Image, Inc.

Vehling joins Silicon Image from Micronas GmbH, where he held the position of vice president of marketing and applications engineering and managed a global organization of over 150 employees. Prior to that, Vehling was vice president of consumer marketing at LSI, where he helped establish LSI as an industry leader in DVD recorder processors and launched the DVFX(TM) video quality branding program. Previous appointments include product and technology marketing positions with C-Cube Microsystems, ATI Technologies, Chromatic Research, and VLSI.

Tim Vehling holds a degree in electrical and computer engineering from Valparaiso University in Indiana.

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Silicon Image Introduces First Products Incorporating HDMI 1.4 Features for DTV and Home Theatre Applications

Devices Pave the Way for LiquidHD(TM) Applications and Services With Simple Connectivity Through Integrated HDMI(R) Ethernet Channel

SUNNYVALE, Calif., Jun 22, 2009 (BUSINESS WIRE) -- Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition (HD) content, today introduced the SiI9387 port processor and the SiI9334 transmitter, the first semiconductor products to incorporate the latest HDMI(R) 1.4 specification features for digital television (DTV) and home theatre applications. The new devices offer a richer, more interactive HDMI(R) entertainment experience by enabling new connectivity applications via Ethernet, such as Silicon Image's LiquidHD(TM) technology.

The SiI9387 port processor and the SiI9334 transmitter support the following HDMI 1.4 specification features:

* HDMI Ethernet Channel
Devices using these chips will be able to transmit and receive full duplex data at 100Mb/sec over an HDMI cable.

* Audio Return Channel
Drives a high quality S/PDIF signal through a single HDMI cable, simplifying connectivity in the home theatre.

* Content Type Bits
Optimize and enhance the HD viewing experience by automatically matching content type to video mode.

Silicon Image's port processors are platforms for innovation that offer new features, technologies and standards for DTV HDMI ports that go above and beyond the basic HDMI switch function offered by analog switches. Port processors support multiple HDMI inputs and interfaces to the System-on-Chip (SoC) over HDMI technology. In addition to the HDMI 1.4 features, the SiI9387 port processor also supports key differentiating Silicon Image technologies such as InstaPort(TM) for faster port switching between HDMI-enabled consumer electronics devices, and MHL(TM) Mobile High-Definition Link technology, a low pin count HD audio and video interface that connects portable electronics devices such as mobile phones, digital cameras, camcorders and portable media players to HDTVs.

The SiI9334 transmitter also supports full 48-bit Deep Color for high-end audio/video receiver (AVR) and Blu-ray Disc(TM) player applications for exceptional rendering of trillions of colors in stunning detail.

"By integrating the HDMI Ethernet Channel feature of the HDMI 1.4 specification into the SiI9387 we continue to expand our innovations in port processors for DTVs," said Waheed Rasheed, director of marketing at Silicon Image, Inc. "The HDMI Ethernet Channel simplifies the connectivity infrastructure that enables personal entertainment technologies like LiquidHD to bring new services and applications to the home."

LiquidHD technology is a suite of protocols that runs over standard IP networks such as the HDMI Ethernet Channel. Designed to quickly and easily connect TVs, consumer electronics devices, personal computers, portable media devices, and home theaters into a seamless network, LiquidHD technology lets consumers enjoy their digital content from any LiquidHD-enabled source device on any LiquidHD-enabled display in the home.

LiquidHD technology over an HDMI 1.4 Ethernet channel provides the foundation for consumer electronics products to become simpler to connect and easier to use. For example, consumers can identify and control source devices connected to the TV, such as a Blu-ray Disc player or a Digital Video Recorder (DVR), using a single remote control. For more information about LiquidHD technology please visit http://www.liquidhd.com.

The SiI9387 port processor and the SiI9334 transmitter are expected to sample in the second half of 2009. For more information on these new devices, as well as the InstaPort and MHL technologies, please visit http://www.siliconimage.com.

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23.07.2009 22:21
Silicon Image Reports Second Quarter 2009 Financial Results

Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition content, today reported financial results for its second quarter ended June 30, 2009.

Revenue for the second quarter of 2009 was $37.3 million, compared to $40.5 million for the first quarter of 2009 and $70.1 million for the second quarter of 2008.

GAAP net loss for the second quarter of 2009 was $13.3 million, or $0.18 per diluted share, compared to a net loss of $33.3 million, or $0.45 per diluted share, for the first quarter of 2009 and net loss of $0.5 million, or $0.01 per diluted share, for the second quarter of 2008. GAAP net loss for the second quarter of 2009 includes pre-tax restructuring expenses of $7.1 million. GAAP net loss for the first quarter of 2009 includes a goodwill impairment charge of $19.2 million.

Non-GAAP net loss for the second quarter of 2009 was $4.3 million, or $0.06 per diluted share, compared to net loss of $3.6 million, or $0.05 per diluted share, for the first quarter of 2009 and net income of $5.0 million, or $0.07 per diluted share, for the second quarter of 2008. Non-GAAP net income excludes stock-based compensation expense, amortization of intangible assets, restructuring charges, and goodwill impairment.

A reconciliation of GAAP and non-GAAP items is provided in a table following the Condensed Consolidated Statements of Operations.

"As we enter the second half of 2009, we are excited about our new products that will be shipping and the progress we are making in the formation of new technology standards consortiums," said Steve Tirado, president and chief executive officer of Silicon Image. "With our design win momentum, our goal is to achieve double digit revenue growth in the second half of 2009 when compared to the first six months. We also expect to start to experience growing adoption of the MHL standard," continued Tirado.

The following are Silicon Image’s financial performance estimates for the third quarter of 2009:

Revenue: $44 million - $46 million
Gross margin: approximately 54%
GAAP operating expenses: approximately $32 million
Non-GAAP operating expenses: approximately $26 million
Interest income: $0.7 million - $0.8 million
Diluted shares outstanding: approximately 75 million
Cash usage of approximately $5 million

Use of Non-GAAP Financial Information

Silicon Image presents and discusses gross margin, operating expenses, net income and basic and diluted net income per share in accordance with Generally Accepted Accounting Principles (GAAP) and on a non-GAAP basis for informational purposes only. Silicon Image believes that non-GAAP reporting, giving effect to the adjustments shown in the attached reconciliation, provides meaningful information and therefore uses non-GAAP reporting to supplement its GAAP reporting and internally in evaluating operations, managing and monitoring performance, and determining bonus compensation. Further, Silicon Image uses non-GAAP information as certain non-cash charges such as amortization of intangibles, stock based compensation and goodwill impairment do not reflect the cash operating results of the business. Silicon Image has chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of its operating results and to illustrate the results of operations giving effect to such non-GAAP adjustments. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Conference Call

The company will host an investor conference call today to discuss its second quarter 2009 results at 2:00 p.m. Pacific Time and will webcast the event. To access the conference call, dial 877-397-0235 or 719-325-4851 and enter pass code 5797497. The webcast will be accessible on Silicon Image's investor relations Web site at http://www.SiliconImage.com. A replay of the conference call will be available within two hours of the conclusion of the conference call through July 28, 2009. To access the replay, please dial 888-203-1112 or 719-457-0820 and enter pass code 5797497.

About Silicon Image, Inc.

Silicon Image, Inc. is a leading provider of semiconductor and intellectual property products for the secure distribution, presentation and storage of high-definition content. With a rich history of technology innovation that includes creating industry standards such as DVI and HDMI, the company’s solutions facilitate the use of digital content amongst consumer electronics, personal computer (PC) and storage devices, with the goal to securely deliver digital content anytime, anywhere and on any device. Founded in 1995, the company is headquartered in Sunnyvale, California, with regional engineering and sales offices in China, Germany, Japan, Korea, Taiwan and the United Kingdom. For more information, please visit www.siliconimage.com.

NOTE: Silicon Image and the Silicon Image logo are trademarks, registered trademarks or service marks of Silicon Image, Inc. in the United States and/or other countries. HDMI, the HDMI logo, and High-Definition Multimedia Interface are trademarks or registered trademarks of HDMI Licensing, LLC in the United States and/or other countries. All other trademarks and registered trademarks are the property of their respective owners in the Unites States and/or other countries.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements include, but are not limited to, statements related to Silicon Image's future operating results, including revenue, gross margin, operating expenses, interest income and use of cash, Silicon Image’s progress in forming new technology standards consortiums, design wins and adoption of the MHL standard. These forward-looking statements involve risks and uncertainties, including the risks of uncertain economic conditions, competition in our markets, the Company's ability to deliver financial performance in-line with its stated goals and other risks and uncertainties described from time to time in Silicon Image's filings with the Securities and Exchange Commission (SEC). These risks and uncertainties could cause the actual results to differ materially from those anticipated by these forward-looking statements. In addition, see the Risk Factors section of the most recent Form 10-K and 10-Q filed by Silicon Image with the U.S. Securities and Exchange Commission. These forward-looking statements are made on the date of this press release, and Silicon Image assumes no obligation to update any such forward-looking information.
SILICON IMAGE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)

Three Months Ended Six Months Ended
June 30, 2009 March 31, 2009 June 30, 2008 June 30, 2009 June 30, 2008
Revenue:
Product $ 29,436 $ 34,595 $ 61,836 $ 64,031 $ 119,023
Licensing 7,900 5,917 8,247 13,817 18,173
Total revenue 37,336 40,512 70,083 77,848 137,196
Cost of revenue and operating expenses:
Cost of product revenue (1) 17,264 18,219 28,615 35,483 56,403
Cost of license revenue 274 196 492 470 841
Research and development (2) 17,619 17,734 22,298 35,353 43,840
Selling, general and administrative (3) 12,678 13,715 19,067 26,393 37,385
Restructuring expense 7,098 759 - 7,857 -
Amortization of intangible assets 1,473 1,473 1,587 2,946 3,174
Goodwill impairment - 19,210 - 19,210 -
Total cost of revenue and operating expenses 56,406 71,306 72,059 127,712 141,643
Loss from operations (19,070) (30,794) (1,976) (49,864) (4,447)
Interest income and other, net 598 939 1,380 1,537 3,296
Loss before provision for income taxes (18,472) (29,855) (596) (48,327) (1,151)
Income tax expense (benefit) (5,143) 3,474 (134) (1,669) (127)
Net loss $ (13,329) $ (33,329) $ (462) $ (46,658) $ (1,024)

Net loss per share - basic and diluted $ (0.18) $ (0.45) $ (0.01) $ (0.63) $ (0.01)
Weighted average shares - basic and diluted 74,806 74,421 73,399 74,618 77,257
______________________
(1) Includes stock-based compensation expense $ 244 $ 199 $ 431 $ 443 $ 781
(2) Includes stock-based compensation expense 1,617 1,374 2,213 2,991 3,447
(3) Includes stock-based compensation expense 2,352 1,992 3,614 4,344 6,053

SILICON IMAGE, INC.
GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS) RECONCILIATION

(In thousands, except per share amounts) Three Months Ended Six Months Ended
(unaudited) June 30, 2009 March 31, 2009 June 30, 2008 June 30, 2009 June 30, 2008
GAAP net loss $ (13,329 ) $ (33,329 ) $ (462 ) $ (46,658 ) $ (1,024 )
Non-GAAP adjustments:
Stock-based compensation expense (1) 4,213 3,565 6,258 7,778 10,281
Amortization of intangible assets (2) 1,473 1,473 1,587 2,946 3,174
Restructuring expense 7,098 759 - 7,857 -
Goodwill impairment (3) - 19,210 - 19,210 -
Non-GAAP net income (loss) before tax adjustments (545 ) (8,322 ) 7,383 (8,867 ) 12,431
Income tax effects on above adjustments (3,721 ) 4,686 (2,354 ) 965 (4,037 )
Non-GAAP net income (loss) $ (4,266 ) $ (3,636 ) $ 5,029 $ (7,902 ) $ 8,394

Non-GAAP net income (loss) per share — basic and diluted $ (0.06 ) $ (0.05 ) $ 0.07 $ (0.11 ) $ 0.11

Weighted average shares — basic

74,806
74,421 73,399 74,618 77,257
Weighted average shares — diluted 74,806 74,421 74,815 74,618 78,226


(1) For the three months and six months ended June 30, 2009 and 2008, and for the three months ended March 31, 2009, these adjustments represent the non-cash amortization of stock-based compensation associated with SFAS No. 123 (R) Share-based Payment.

Cost of Revenue $ 244 $ 199 $ 431 $ 443 $ 781
Research and Development 1,617 1,374 2,213 2,991 3,447
Selling, General and Administrative 2,352 1,992 3,614 4,344 6,053
Total $ 4,213 $ 3,565 $ 6,258 $ 7,778 $ 10,281


(2) These adjustments represent expenses for the amortization of intangible assets recorded in connection with our acquisitions. These on-going expenses pertain to intangible assets that are not expected to be replaced when fully amortized, as might a depreciable tangible asset.

(3) This adjustment represents the impairment recorded on goodwill for the three months ended March 31, 2009.

SILICON IMAGE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
Unaudited

June 30, 2009 December 31, 2008
Assets
Current Assets:
Cash and cash equivalents $ 18,583 $ 95,414
Short-term investments 144,370 89,591
Accounts receivable, net 19,059 5,922
Inventories 9,169 12,775
Prepaid expenses and other current assets 19,096 15,275
Deferred income taxes 6,445 6,665
Total current assets 216,722 225,642
Property and equipment, net 16,696 19,394
Goodwill - 19,210
Intangible assets, net 29,975 32,921
Deferred income taxes, non-current 21,101 28,193
Other assets 794 1,181
Total assets $ 285,288 $ 326,541
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable $ 10,351 $ 7,278
Accrued and other liabilities 20,882 23,023
Deferred license revenue 2,400 2,348
Deferred margin on sales to distributors 1,884 6,881
Total current liabilities 35,517 39,530
Other long-term liabilities 8,831 8,064
Total liabilities 44,348 47,594
Stockholders’ Equity:
Total stockholders’ equity 240,940 278,947
Total liabilities and stockholders’ equity $ 285,288 $ 326,541

SILICON IMAGE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS
(In thousands)
Unaudited Six Months Ended
June 30, 2009 June 30, 2008
Cash flows from operating activities:
Net loss $ (46,658) $ (1,024)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Impairment of goodwill 19,210 -
Stock-based compensation expense 7,778 10,281
Deferred income taxes 7,312 (2,723)
Depreciation 4,592 5,257
Amortization of intangible assets 2,946 3,174
Amortization of investment premium 1,683 378

Non-cash restructuring expenses
200 -
Loss on disposal and retirement of property and equipment 180 402
Provision for doubtful accounts 154 534
Realized loss/(gain) on sale of short-term investments 15 (52)
Tax deficiency from employee based compensation plans (781) (501)
Excess tax benefits from employee stock transactions (13) (304)
Changes in assets and liabilities:
Accounts receivable (13,256) (7,781)
Inventories 3,606 2,512
Prepaid expenses and other current assets (3,404) 1,508
Accounts payable 2,722 (1,745)
Accrued and other liabilities (978) (361)
Deferred license revenue 52 435
Deferred margin on sales to distributors (4,997) 1,543
Cash provided by (used in) operating activities (19,637) 11,533
Cash flows from investing activities:
Purchases of short-term investments (128,350) (111,937)
Proceeds from sales of short-term investments 71,952 144,681
Purchases of property and equipment (1,840) (4,622)
Proceeds from sale of property and equipment 120 -
Cash provided by (used in) investing activities (58,118) 28,122
Cash flows from financing activities:
Proceeds from issuances of common stock, net 1,718 3,084
Excess tax benefits from employee stock transactions 13 304
Payments for vendor financed software and intangibles purchased (625) (6,153)
Repurchase of restricted stock units for income tax withholding (241) -
Repurchase of common stock - (68,180)
Cash provided by (used in) financing activities 865 (70,945)
Effect of exchange rate changes on cash and cash equivalents 59 13
Net decrease in cash and cash equivalents (76,831) (31,277)
Cash and cash equivalents — beginning of period 95,414 137,822
Cash and cash equivalents — end of period $ 18,583 106,545
Supplemental cash flow information:
Restricted stock units vested $ 667 $ -
Net cash payment (refund) for income taxes $ (5,574) $ 1,215
Unrealized net gain (loss) on short-term investments $ 79 $ (30)
Property and equipment purchased but not paid for $ 577 $ 636

Contacts:

Silicon Image, Inc.
Kasey Holman, 408-616-4192
Media Relations
[e-mail]
or
The Blueshirt Group
Mike Bishop, 415-217-4968
Investor Relations
[e-mail]


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