SAN FRANCISCO High-definition video IC vendor Silicon Image Inc. Thursday (April 5) narrowed its first quarter guidance, saying it now expects revenue to be at the low end of the previously guided range of $68 million to $72 million. The company also announced that its chief financial officer intends to retire.
Silicon Image (Sunnyvale, Calif.) said the company continues to expect to post record revenue in the first quarter. The company said it expects to achieve pro forma gross margin greater than its previously guided range of 53 to 55 percent.
Robert Freeman, Silicon Image CFO since November 2005, has decided to retire but will stay on in his current capacity for up to six months while the company searches for a replacement, Silicon Image said.
Silicon Image plans to issue its first quarter financial results following the close of the market on May 3.