The numbers are in for Silicon Image
The high-definition expert delivered on a 10.2% year-over-year sales boost. However, GAAP net income dropped 50% from last year. That was just about what the Street expected, and the profit take was very close to last quarter's haul.
It's as if the HD market didn't matter to Mr. Market. According to the latest data from Nielsen, only 11.3% of American households have the equipment and get the signal required for a high-def experience today. Best Buy
And if you thought that Silicon Image only sells the image-processing chips in HDTV sets, think again. Every HDMI and DVI connection means license revenue for this spunky little innovator, which sits on a fat load of patents. So let Texas Instruments
The company has very little debt and about $131 million in cash, which is plenty to see it through any short-term rough spots -- like this one. Now if you'll excuse me, I have to go and shut up about this stock for a few weeks. I have my reasons.
Further Foolishness: