Silicon Image (SIMG) Posts Strong Q2 Results, Spurs Positive Q3 Estimates
Silicon Image Inc., a leading semiconductor and intellectual property company focused on the secure distribution, presentation and storage of high-definition content, recently posted solid financial results for the second quarter ended June 30, 2010, and offered guidance for the third quarter of 2010. The company reported revenue for the second quarter at $44.6 million, a significant increase to the $34.3 million reported for the first quarter of 2010 and $37.3 million reported for the second quarter of 2009. Silicon Image’s GAAP net income for the second quarter of 2010 was $1.8 million, or $0.02 per diluted share, compared to a…