Silicon Motion Raises 2006 Third Quarter
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All PRNewswire NewsTAIPEI, Taiwan, Sept. 8 /Xinhua-PRNewswire-FirstCall/ -- Silicon Motion Technology Corporation (Nasdaq: SIMO; "the Company"), a leading fabless semiconductor company that designs, develops, and markets universally compatible, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market, today provided an update to its third quarter guidance.
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Using currently available information, the Company now expects its third quarter sales to be approximately $27-28 million, up 26-31% from $21.4 million in the second quarter. This compares to the Company's previous sales guidance of $25.5-27.5 million for the third quarter.
Commenting on the revision, Silicon Motion's President and CEO, Wallace Kou, said: "The third quarter is shaping up well for us. Recently we have seen signs of improvement in the pricing environment for NAND flash memory and, more importantly, we are seeing demand continue to strengthen for flash memory cards that are used with cellular phones." |
