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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63078)	4/23/2002 4:20:04 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Winbond Returns to Profit in 1Q, Beating Expectations (Update5) By Iain Pocock quote.bloomberg.com Taipei, April 23 (Bloomberg) -- Winbond Electronics Corp., Taiwan's second-largest computer memory-chip maker by value, returned to profit in the first quarter, beating analysts' expectations, after the company sold inventory stockpiles. The company turned to a net income of NT$146 million ($4.2 million) from a loss of NT$425 million in the year-earlier period. That beat the average NT$341 million loss forecast from five analysts surveyed by Bloomberg News. Sales rose 16 percent to NT$8.1 billion. Winbond last posted a profit in the fourth quarter of 2000. Chip prices have more than tripled since early November, after personal-computer makers started adding memory chips to enable the machines to run Microsoft Corp.'s new software. Rivals Nanya Technology Corp. and Powerchip Semiconductor Corp. also posted first-quarter profits. Winbond said the PC market is ``weaker than expected'' in the second quarter, though the company's revenue will grow on a quarter-on-quarter basis. In the first quarter, the company reduced its workforce by 7.3 percent to 3,800 workers after shutting a Taiwan factory.