Friday, October 24, 2008

Even HDMI isn't recession proof

Silicon Image (NASDAQ:SIMG), developer of HDMI technology, had some mixed results this quarter.

Revenue for the third quarter of 2008 was $77.8 million, down from $86.3 million for the third quarter of 2007. But net income of $6.1 million was up $2 million for this quarter compared to the same period last year.

The next quarter will be worse. Silicon Image predicts revenues of $68 - $69 million.


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