• Most Popular
  • Most Shared

Microstar says to return to profit in Q2

Thu May 14, 2009 3:21am EDT

Stocks

   

TAIPEI, May 14 (Reuters) - Taiwan portable PC brand Microstar (2377.TW) said on Thursday it would return to profitability in the current quarter, and expects its notebook shipments to climb 20-30 percent in 2009 from last year.

"We'll definitely return to a profit in the second quarter," Microstar Chairman Joseph Hsu told Reuters on the sidelines of a product launch. "Inventory issues have been largely ironed out, and we've already been pushing out some new products."

The company, which sells notebook PCs under the MSI brand name, was added into index compiler MSCI Barra's Taiwan Index .MSCITW on Thursday, a move that could prompt buying of its stock by managed funds that track the index.

Microstar closed 0.68 percent higher on Thursday, outperforming the benchmark TAIEX share index's 1.87 percent decline.

(Reporting by Roger Tung; Editing by Jonathan Hopfner)



More from Reuters

Photo

U.S. retail sales rise strongly in November

WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in November as consumers spent more on gasoline and a wide range of other goods, data showed on Friday, raising hopes of a self-sustaining economic recovery.

» More Top News
A weary trader rubs his eyes as he pauses outside the New York Stock Exchange following the end of the trading session in New York October 9, 2008. REUTERS/Mike Segar
EXCLUSIVE:

PIMCO finds its calling

It made a name for itself by investing in bonds, and now PIMCO has landed in a booming $1-trillion business that, put simply, steers clients through "very hard situations."  Full Article 

Funds
A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

Energy