Advanced Packaging Magazine - Semiconductor, IC... -
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Published on: 6/6/2002
Last Visited: 6/6/2002
Chip designer MediaTek lost 6 percent to close at 565 Taiwan dollars, as investors were disappointed with its weaker-than-expected April revenue, said Alan Tseng, an analyst at Capital Securities in Taipei.
MediaTek reported a revenue of 2.74 billion Taiwan dollars (dlrs 79.4 million), up from 979.9 million Taiwan dollars (U.S. dlrs 28.4 million), but below analysts' expectations of 3 billion Taiwan dollars (U.S. dlrs 86.9 million).
"People are worried about MediaTek because Lite-on It Corp., MediaTek's client, is expected to see weakening sales in May and June," Tseng said.
The second quarter is usually the slowest season of the year for the electronics sector.
Dynamic random access memory chip makers also had a bad day, plagued by worries that the island's prolonged drought may hurt profits at the companies, which use a lot of water.
Nanya Technology lost 5.8 percent to close at 29 Taiwan dollars, while Winbond Electronics fell 2 percent at 19.40 Taiwan dollars, and Mosel Vitelic declined 3.5 percent at 12.35 Taiwan dollars.