Taiwan's hi-tech leaders upbeat in market outlook
Dec 19, 2007
Several local hi-tech leaders remarked yesterday (Dec. 18) that the Taiwan stock price index (Taiex) has dropped to an unreasonably low level, citing up-to-expectation performance of the local hi-tech industry in the fourth quarter and their cautiously optimistic business outlook for the first quarter of 2008.
During a meeting of the Taipei Computer Association (TCA), J.T. Wang, Acer chairman and the newly elected TCA chairman, noted that the company's fourth-quarter shipment grew 10-20%, meeting market expectation, adding that notebook-PC shipment is expected to advance 20-30% year-on-year in the first quarter of 2008, in view of the normal state of order reception at present.
Frank Huang, chairman of Powerchip Semiconductor, also predicted a rebound of the DRAM (dynamic random access memory) industry in the second quarter next year, pointing to the diminishing effect of the U.S. subprime mortgage storm, which, he said, is actually a long-term problem. He forecast a major rebound of the Taiwanese stock market after the presidential election next year.
H.B. Chen, vice chairman and CEO of AU Optronics, reported that the flat panel industry scored better performance in November and December than corresponding period in past years, predicting a 20% growth for the first quarter of 2008 and criticizing exaggeration of the effect of sluggishness in the U.S. market.
source & copyright: CENS