Silicon Image Raises Q1 2004 Guidance
April 01 2004 - 6:15PM
PR Newswire (US)
Silicon Image Raises Q1 2004 Guidance SUNNYVALE, Calif., April 1
/PRNewswire-FirstCall/ -- Silicon Image, Inc. , a leader in
multi-gigabit semiconductor solutions for the secure transmission
and storage of rich digital media, announced today that it would
exceed its prior guidance for the first quarter ending March 31,
2004. The company expects first quarter revenues to grow 14-17
percent sequentially, versus 6-9 percent, as stated in its prior
guidance. Commenting on the revenue growth, Silicon Image Chief
Financial Officer, Bob Gargus, stated, "All three lines of business
are exceeding the high-end of the guidance we set in our prior
earnings call. In addition, orders continue at record levels and we
expect second quarterrevenues to grow by 5-10% sequentially over
the raised first quarter results." Additional details on the
quarter's performance and future guidance will be provided during
the Company's regularly scheduled earnings call on April 20, 2004.
Chief Executive Officer, David Lee, added, "We are pleased that
both our IC solutions and IP licensing business continue to
experience strong market acceptance and solid revenue growth, as we
focus on making innovative technology advances to our
standards-leading products." The company will host a conference
call at 2:00 p.m. PST April 20, to discuss its first quarter 2004
results and business outlook. The call will be broadcast over the
Internet and can be accessed on the investor relations site located
at http://www.siliconimage.com/. About Silicon Image Headquartered
in Sunnyvale, Calif., Silicon Image, Inc. designs, develops and
markets multi-gigabit semiconductor and system solutions for a
variety of communications applications demanding
high-bandwidthcapability. With its proprietary Multi-layer Serial
Link (MSL(TM)) architecture, Silicon Image is well positioned for
leadership in multiple mass markets including PCs, consumer
electronics, storage and networking. Currently, Silicon Image leads
the global PC/display arena with its innovative digital
interconnect technology, and is now emerging as a leading player in
the storage industry-offering robust, high-bandwidth semiconductors
and systems. For more information on Silicon Image, visit
http://www.siliconimage.com/ This news release contains
forward-looking information within the meaning of federal
securities regulations. These forward-looking statements include
statements related to future financial results. These
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated by these forward-looking statements. In particular,
future demand in PC, display, consumer electronics and storage
markets may differ from current expectations, adversely affecting
expected future results for the company. In addition, see
"Management's Discussion and Analysis of Financial Condition and
Results of Operations - Factors Affecting Future Results" in the
most recent Annual Report on Form 10-K filed by Silicon Image with
the SEC. Silicon Image assumes no obligation to update this
forward-looking information. NOTE: Silicon Image, MSL, and
http://www.siliconimage.com/ are trademarks, registered trademarks
or service marks of Silicon Image, Inc. in the United States and
other countries. DATASOURCE: Silicon Image, Inc. CONTACT: Robert
Gargus, Chief Financial Officer of Silicon Image, Inc.,
+1-408-616-4114, or fax, +1-408-830-9531 Web site:
http://www.siliconimage.com/
Copyright