Power Quotient International (PQI) is set to reduce its exposure to the DRAM module market, and focus on the sale of wireless peripherals and accessories used in consumer technology products through distribution channels.

PQI is set to report flat sequential growth in revenues for the fourth quarter of 2012, as sales of wireless peripherals and accessories will help offset the continued weakness in memory sales, Chang said. PQI expects the sales ratio for its memory module business, consisting of DRAM and flash-based devices, to slip to 50% within the next three years.

PQI plans to tap the embedded memory market in the next two quarters, with the launch of eMMC related devices. The new product line is expected to make a positive contribution to company profitability.

PQI's planned capital cut of 40% will be carried out on December 11, according to a resolution passed by the company's board of directors. The upcoming capital downsizing will help lift the net value of PQI's shares.

PQI in 2010 drew investment from Foxlink (Cheng Uei Precision Industry), an affiliate of Foxconn Electronics (Hon Hai Precision Industry). Foxlink chairman Tai-chiang Gou was named chairman and CEO of PQI after Foxlink became the largest shareholder of PQI.

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