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| Taiwan's Compal sees Q3 shipments falling |
| 03-SEP-2010 | Reuters |
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| 3 Sep, 2010 - 7:00:00 AM |
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Taiwan's Compal Electronics Inc (2324.TW), the world's No.2 contract laptop maker, said on Wednesday it expects third quarter shipments to fall by a single digit percent from the second quarter, but pick up in the fourth quarter.
Compal President Ray Chen also told an investor conference that fourth-quarter shipments would rise 10 percent over the third quarter. Gross margins in the third quarter would fall slightly from the second quarter, he said.
A weak third quarter has been widely expected by analysts. Rvial and sector leader Quanta Computer (2382.TW) said on Tuesday its third quarter shipments would be flat or fall slightly from the previous three months. [ID:nTOE67T03Y].
Analysts say earnings at both Quanta and Compal, major suppliers to top brands such as Hewlett-Packard (HPQ.N) and Dell (DELL.O), could have peaked in the second quarter amid uncertainties in the European and US markets.
Chen added that Compal was "trying hard" to reach its full year shipment target, but this was "difficult".
Compal said on Tuesday it earned a net profit of T$6.4 billion ($200 million) in April-June, double from a year earlier but below the first quarter's T$8.52 billion. (US$1=T$32)
http://www.reuters.com/article/idUSTPV00191520100901
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