07.10.2001
Realtek posts sales decline

• Development: Realtek announced June revenues to come in at NT$481m yesterday, which is 25% down on May revenues, but in line with our expectation.

• Analysis: The sharp revenue decline is reflective of the high base in May along with inventory management by principle customers. Also, traditional slow seasonal demand is noted. A gradual pick up is expected in coming months.

• Primasia View: As company had reached 46% of our full year target for both revenues and pretax profits, we are confident in our current year estimated financials.

AngelLo@Primasia.com +886-[0]2-2547-8865