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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (20933)	10/26/2006 8:28:37 AM
From: FJB	Respond to of 25522

Nanya sees persistent shortage, Inotera projects double-digit growth in 4Q Hans Wu and Esther Lam, DigiTimes.com, Taipei [Thursday 26 October 2006] In line with reporting satisfactory sales in the third quarter, Nanya Technology and its joint venture with Qimonda, Inotera Memories, have positive outlooks for the fourth quarter, both companies pointed out at October 25 investors conferences. Nanya said the persistent DRAM shortage must result in keeping prices firm. Inotera said its smooth transition to 90nm should enable the company to see a double-digit growth in quarterly revenues. 3Q financial performance review Nanya reported record-high revenues in the third quarter of 2006. Quarterly revenues grew by 16% on quarter and 43% on year to NT$20.4 billion. Nanya's profit rose rose by 39% on quarter and a 25% on year to NT$3.7 billion, with gross and operating margins also rising. According to the memory maker, its shipments increased by 9% on quarter and 38% on year, with average selling prices (ASPs) growing by 6% on year and on quarter. While seeing the extended production cycle due to 90nm transition in the third quarter, Inotera faced a slight on-quarter drop of 2% in revenues. However, its on-year revenue growth was 57%, and its profit jumped up by 157% to NT$4.3 billion. According to the company, its bit shipments decreased by 5% on quarter, while ASPs grew by 2%. Inotera president Charles Kau said the equipment adjustment for 90nm production has completed, so it will not affect production in the future. Last 110nm wafers were "flushed out" in the middle of October, Kau stated. He is confident that Inotera will achieve a low-double-digit growth in quarterly revenues this quarter. digitimes.com