07.09.2001
Macronix’s June revenue short on expectation

• Development: Macronix reported June revenue at NT$1.57bn, short of our earlier expectation of NT$1.7bn.

• Analysis: June revenue declined 14% MoM and 31% YoY. Flash memory declined 59% YoY a result of both volume and price declines. Mask ROM saw a 19% decline YoY mainly due to pricing softness and SOC experienced a 30% YoY decrease due to reduced handset demand from Mitsubishi.

• Primasia View: We expect the company to marginally breakeven in the quarter, and remain bearish on the company’s 2H01 performance.

LindaLiu@Primasia.com +886-[0]2-2547-8867