Memory module maker Apacer Technology has called its plans to list on Taiwan's over-the-counter (OTC) stock market, saying it does not want to go forward amid the industry downturn.

Industry sources said Apacer is expected to swing to losses in the fourth quarter because of fast dropping DRAM prices. The company reported NT$8.47 billion (US$262.1 million) in revenues for the first half of 2007, with a 3.34% margin and a net income of NT$73.12 million.

It is the second time that Apacer's attempt to trade on Taiwan's OTC market has hit a snag. In 2004 its application to list on the OTC market had been approved before market fluctuations prompted the company to eventually back off, the sources pointed out.

Apacer currently has investments from Acer at 33%, Powerchip Semiconductor Corporation (PSC) at 19%, and Silicon Storage Technology at 9%, the sources disclosed.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved