SUNNYVALE, Calif., Nov. 14 /PRNewswire-FirstCall/ -- Silicon Image, Inc. , a leader in semiconductors for the secure storage, distribution and presentation of high-definition content, today filed its Form 10-Q for the quarter ended Sept. 30, 2006. The filing contains no changes from the financial results announced on Oct. 26, 2006 for the third quarter of 2006.
Silicon Image is in the process of finalizing its previously announced voluntary internal review of its historical stock option compensation practices. The Audit Committee of Silicon Image's Board of Directors is currently overseeing the internal review. Although the internal review has not yet been completed, the company has not found any evidence of intentional wrongdoing with respect to its historical stock option practices. The previously announced SEC inquiry into the company's option-granting practices during the period Jan. 1, 2004 through Oct. 31, 2006 is ongoing.
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. The Simplay HD(TM) Testing Program administered by Silicon Image's wholly-owned subsidiary, Simplay Labs, LLC, provides compatibility testing 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/.
NOTE: Silicon Image and Simplay HD are trademarks, registered trademarks or service marks of Silicon Image, Inc. in the United States and other countries. HDMI(TM) and High-Definition Multimedia Interface are trademarks or registered trademarks of HDMI Licensing, LLC in the United States and other countries, and are used under license from HDMI Licensing, LLC. All other trademarks and registered trademarks are the property of their respective owners.
Forward-looking Statements
This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements regarding the Audit Committee's ongoing review and the SEC's informal inquiry of Silicon Image's historical stock option compensation practices. These forward-looking statements are based on Silicon Image's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including risks and uncertainties arising out of the (i) Audit Committee's ongoing review and the SEC's informal inquiry of the company's stock option compensation practices and (ii) developments in regulatory and legal guidance regarding stock option practices and accounting for stock option grants. Readers are cautioned not to place undue reliance on such forward-looking statements, which speaks only as of the date hereof. In addition, see the Risk Factors section of the most recent Form 10-K and Form 10-Q filed by Silicon Image with the Securities and Exchange Commission. Silicon Image assumes no obligation to update any forward-looking information contained in this press release.
© 2006 PR Newswire
