• Most Popular
  • Most Shared

Taiwan's Mediatek sees lower gross margins in Q4

Fri Oct 30, 2009 2:18am EDT

Stocks

   

TAIPEI, Oct 30 (Reuters) - Taiwan's top chip designer Mediatek Inc (2454.TW) said on Friday it expected its fourth quarter gross profit margins to be slightly lower than the third quarter.

Mediatek also said during an investor conference sales in the fourth quarter would be down 13 to 19 percent from the previous quarter.

Mediatek gave the forecasts after the Taipei stock market closed on Friday. Its shares fell 1.38 percent, underperforming the main TAIEX's 0.21 percent drop. (US$1=T$32.5) (Reporting by Argin Chang; Editing by Jonathan Hopfner)



More from Reuters

Photo

Obama says success may silence Nobel critics

OSLO (Reuters) - President Barack Obama acknowledged criticism of his Nobel Peace Prize on Thursday but said he hoped it would subside if he succeeded in his goals, including cutting nuclear weapons and tackling climate change. | Video

» More Top News
Traders in the oil options pit work at the New York Mercantile Exchange, September 9, 2008. REUTERS/Chip East
Analysis:

"More assumptions, more risk"

New oil and gas reserve rules were supposed to improve transparency, but the unforeseen consequences of the regulations could add a layer of uncertainty for investors.  Full Article 

regulatory news
A view of the Morgan Stanley headquarters building in New York's Times Square, October 20, 2009. REUTERS/Brendan McDermid

Wanted: Wall Street talent

Demand for executive talent is on the rise, but the looming bonus season may see a mass exodus to overseas rivals where pay caps are non-existent.  Full Article 

Executive compensation