SIMGE Silicon Image (MM)

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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