01 Nov '12, 10am

IC distributor WT Micro to post decline in revenues in 4Q12:

IC distributor WT Micro to post decline in revenues in 4Q12:

IC distributor WT Micro to post decline in revenues in 4Q12 Patty Wang, Taipei; Steve Shen, DIGITIMES [Thursday 1 November 2012] IC distributor WT Microelectronics expects its revenues to decline 6-10% sequentially to NT$19.5-20.5 billion (US$666.44-700.62 million) in the fourth quarter of 2012 amid unfavorable market conditions, according to company chairman Wen-tsung Cheng. Gross margin will range from 5.7-5.9% in the fourth quarter compared to 5.84% in the third quarter, Cheng added. WT Micro also reported net profits of NT$339 million (US$11.59 million) for the third quarter of 2012, up 38.1% from the previous quarter. EPS for the third quarter was NT$1.01 compared to NT$0.71 a quarter earlier and NT$1.40 of a year earlier. The company also noted the value of its inventory dropped to NT$11.18 billion at the end of the third quarter compared to NT$12.33 billion a quarte...

Full article: http://www.digitimes.com/news/a20121101PD203.html

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