• Most Popular
  • Most Shared

UPDATE 1-Soitec sees Q1 sales up at least 20 pct vs Q4

Mon Jun 22, 2009 12:41pm EDT

Stocks

   

* Sees sequential sales growth of over 20 pct in Q1

* No sales prediction for full year ending March 2010

(Adds further details)

PARIS, June 22 (Reuters) - French silicon group Soitec (SOIT.PA) said on Monday it expected first-quarter sales to grow by more than 20 percent from the fourth quarter of the previous year but prospects were too unclear to make a prediction for the full year ending March 2010.

Soitec, which supplies silicon-on-insulator wafers to companies such as IBM (IBM.N), said it had received "urgent orders" from its main clients, who were "significantly" adjusting upwards their demand for the first six months of the current fiscal year, which ends on March 31, 2010.

Soitec also said that early indications for the second quarter were of a sustained level of activity "with a possible new sequential growth which must be confirmed in coming months"

"Due to overall uncertainty on a lasting improvement in final demand during the second half, the group repeats it cannot make a sales prediction for the full 2009-10 year," it said.

Soitec reports first quarter sales on July 20. (Reporting by Dominique Vidalon)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article