Silicon Image Comments on Ongoing Status of Filing Form 10-Q and Audit Examination
08 1월 2004 - 10:25AM
PR Newswire (US)
Silicon Image Comments on Ongoing Status of Filing Form 10-Q and
Audit Examination SUNNYVALE, Calif., Jan. 7 /PRNewswire-FirstCall/
-- Silicon Image, , a leader in multi-gigabit semiconductor
solutions for the secure transmission and storage of rich digital
media, has been asked to comment about the ongoing status of the
filing of its Form 10-Q for the quarter ended September 30, 2003,
the on-going examination by its Audit Committee, and the currently
scheduled date of January 27, 2004, for the release of financial
results for the quarter and fiscal year ended December 31, 2003.
Today, Silicon Image's Audit Committee issued the following
statement: "The examination being conducted by the Audit Committee
of Silicon Image, with the assistance of independent outside
counsel and outside consultants, is not completed, but continues to
proceed at a deliberate pace. Because of the thorough nature of the
examination, it is impossible at this time to predict the precise
date of completion. Upon the completion of the examination, the
Audit Committee will provide its conclusions to the Company's
external auditors for their consideration in connection with their
audit procedures. As previously stated, until the process is
concluded, the Audit Committee cannot predict whether or not the
items being examined will have any impact on Silicon Image's
historical financial statements or the results previously announced
as of and for the quarter ending September 30, 2003." Because the
Audit Committee cannot predict when this process will be completed
or what impact it may have on the Company's financial results,
Silicon Image is currently unable to predict whether or not it will
be able to release financial results on January 27, 2004, as
previously announced. Upon completion of this process, the Company
will file its Form 10-Q for the quarter ended September 30, 2003,
and announce financial results for the quarter and fiscal year
ended December 31, 2003. The Company's primary focus during this
examination is to continue to develop, manufacture, sell and
license semiconductor systems solutions and technology. 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-bandwidth capability. 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 and storage. 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 consumer electronics and storage markets-offering robust,
high-bandwidth semiconductors. 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 the timing and nature of the Audit
Committee's examination and related processes, the timing of
announcement of financial results, including the announcement of
financial results for the quarter and fiscal year ended December
31, 2003, and the timing of the filing of the Form 10-Q for the
quarter ending September 30, 2003. These forward-looking statements
involve risks and uncertainties, including those described from
time to time in Silicon Image's filings with the SEC, that could
cause the actual results to differ materially from those
anticipated by these forward- looking statements. In particular,
the timing for the completion of the Audit Committee examination
and related processes and the outcome of such examination are
unknown. Silicon Image may not be able to announce financial
results when expected, and the timing for the filing of the Form
10-Q is unknown. Also see "Management's Discussion and Analysis of
Financial Condition and Results of Operations-Factors Affecting
Future Results" in the most recent Annual Report, Form 10-K or 10-Q
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: Bob Gargus, Chief Financial Officer, Vice President,
Finance and Administration of Silicon Image, Inc., +1-408-616-4114,
or, +1-408-616-9531 Web site: http://www.siliconimage.com/
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