SigmaTel (Austin, Texas) posted a GAAP net loss of $24.7 million, or 69 cents per share on sales of $33 million in the first quarter, compared to net earnings of $25.5 million or 68 cents per share on sales of $99.3 million in the year-ago quarter.

“The results for the first quarter are disappointing and we have refocused our business strategy and management team to regain our market-leading position in the portable multimedia market,” said Ron Edgerton, chairman, chief executive, and president of SigmaTel, in a statement.

For the second quarter, SigmaTel projects revenue of $40 to $46 million, with a GAAP net loss of 59 to 66 cents per share.

Pixelworks (Tualatin, Ore.) posted a first-quarter loss of $33.1 million, or 69 cents per share on sales of $36.6 million, compared to net earnings of $0.8 million, or 2 cents per share of sales of $40.3 million in the year-ago quarter.

The company announced a restructuring program to reduce manufacturing overhead and operating expenses, including integrating its IPTV elements with its advanced TV technology developments. It will also exit standalone digital streaming markets not core to advanced TV.

Pixelworks will incur restructuring charges of $1.6 million to $3.5 million over the second and third quarters, with total 2006 savings of $5.0 million.

For the second quarter, Pixelworks expects to incur a net loss of 21 to 32 cents on sales of $30 to $33 million.

Micrel (San Jose) posted earnings of $8.7 million, or 10 cents per share on sales of $68.2 million in the first quarter, down from $9.9 million, or 11 cents per share on sales of $60.7 million in the year-ago quarter.

"Demand from customers serving the industrial and communications end markets resulted in continued bookings strength and solid revenue growth in what is historically a seasonally weak quarter for Micrel," said Ray Zinn, president and chief executive, in a statement.

The company expects second-quarter sales to grow 2 to 6 percent.