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Silicon Storage posts losses for first three quarters of 2007

Fri Jan 18, 2008 4:47pm EST

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Jan 18 (Reuters) - Chipmaker Silicon Storage Technology Inc (SSTI.O), which recently restated certain results following a review of its stock-option practices, posted losses for the first three quarters of 2007.

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The company posted a net loss of 16 cents a share for the third quarter, 7 cents a share for the second quarter and 1 cent a share for the first quarter.

In July last year, Silicon Storage had said a review found that incorrect measurement dates were used for some stock-option grants. (Reporting by Swagata Gupta in Bangalore; Editing by Vinu Pilakkott)

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