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InSilicon to miss 1Q estimates

InSilicon Corp. (Nasdaq: INSN) said Thursday that it will fall short of analyst estimates because of the delay of several customer licensing contracts.

Shares in the company, which licenses semiconductor intellectual property (IP) to chip makers, closed yesterday’s session up 1.5 to 7.5.

For the quarter, the company said it now expects to earn between 2 cents and 4 cents a share, before goodwill and other non-cash charges charges, on revenue of about $6 million. First Call analyst estimates call for earnings of 6 cents a share.

Year-over-year, the reduced numbers are slightly better than the $5.3 million taken in the same period a year earlier, when the company reported break-even pro forma results.

The company said that, while several licensing contracts were delayed leading to today’s warning, the contracts were not lost to the competition and will be realized at a future date.

InSilicon will release full first quarter results on Jan. 16 and expects to give further guidance on the coming year’s performance at that time.