Raised Hopes In Singapore And USA
Revenues are due to be 18% rather than 20% down on the previous quarter and up 39% rather than 37% on the previous year. Utilisation percentages will be in the high rather than mid 30s.
. The net loss - including the recent restructuring costs - is expected to be unchanged at $114-117mn. Average selling prices will be down 10% rather than the October 25, 2002, estimate of 6-8%.
Texas Instruments is another chip company offering hope for the future. Revenue is now expected to be 7% rather than 10% down on the previous quarter. The company's wireless chips are seen as one reason for TI's better fortunes compared with other IC companies. Intel is also expected to report increased guidance for revenues at a mid-quarter analyst conference on Thursday, December 5, 2002.
