Chipbonds QoQ revenue may fall 30 p.c in Q4

TAIPEI, TAIWAN: The revenues of Chipbond Technology, an LCD driver, IC packaging and testing company, based in Taiwan, is likely to drop by 30 per cent sequentially in the fourth quarter of 2009 since the inventory levels of customers still remain high.

As a result, the gross margin for the fourth quarter of 2009 will slip by 14 per cent-16 per cent, compared with 23.5 per cent in the third quarter of 2009, according to market watchers.

Analysts had earlier estimated that Chipbond Technology would be suffering a decline in revenues in the fourth quarter by as much as 20 per cent-25 per cent, on quarter, as customers of driver IC had put out cautious prospects for the fourth quarter and, as a result, had decelerated the speed of their orders.

In a statement, Chipbond Technology said that its revenues in October 2009, for the fourth quarter, are likely to go down by 10 per cent-15 per cent sequentially on account of seasonality.

In earlier reports, the company had maintained that “visibility” for the fourth quarter will depend on the strength of the demand during China’s National Day holidays.

Now, with customers making do with their existing inventory, the November 2009 revenues of Chipbond Technology may plunge by 10 per cent on month, say the market watchers.

Chipbond Technology earned revenues worth NT$468 million (US $14.48 million) in October 2009 – down by 25.2 per cent on month.

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