Wednesday, December 1, 2010
Winbond Electronics expects net profits generated in the fourth quarter of 2010 to be lower than those earned in the third due to a decline in memory products in November.
NOR flash chips are currently the number one earner for Winbond, followed by handset-use mobile RAM devices, said the company, noting that demand for NOR flash chips from the network device and hard disc sectors has helped keep its ASPs from dropping down.
Winbond has posted net profits of NT$3.5 billion (US$115 million), or an EPS of NT$0.96 for the first three quarters of 2010. Winbond also revealed that its capex spending for 2010 will reach NT$7.8 billion.
In other news, transactions of Winbond's shares on the Taiwan Stock Exchange (TSE) will resume to based on credit trading starting December 6 as the net worth of Winbond shares bounced back to NT$10.27 at the end of the third quarter of 2010, according to a TSE announcement.
By: DocMemory
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