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Silicon Labs Upbeat, Despite Loss

Austin-based Silicon Laboratories, a maker of mixed-signal semiconnductors, reports today that it had better than expected earnings for its first quarter, as it lost less than expected for the quarter. The publicly held firm said it had revenues of $83.7M, a decline which was down 16% sequentially from last quarter. However, the firm had originally forecast a drop of 20 to 25% in its revenues. In a statement, the firm's President and CEO, Necip Sayiner, said he was "feeling good about our business, even in light of what we recognize is a very weak global economy."