Mixed signal IC maker Supertex:LED drive IC sales weakness

Mixed signal IC maker Supertex Inc., announced in the third quarter to 22 U.S. stocks after hours (2007 10-12 months) results: the industry earnings more than $0.3, lower than the Thomso Financial analysts expected $0.31; annual revenue by 8.5% to $20 million 200 thousand, less than market expectations of $22 million 200 thousand.

Supertex chairman and chief executive of Henry C. Pao in a press release pointed out that due to the high order LCD TV products needs major customers during the Christmas holidays, the weaker than expected, resulting in the reduction of orders, and then make the LCD TV Supertex backlight driver with the LED IC quarter sales showed a decreasing trend.

Pao and expected, affected by the recent cold light drive (EL driver) sales weakness, is expected this season (1-3 months) revenue will be flat on the performance of the previous quarter.

Supertex 22 on the normal disk fell by 4.41%, to close at $21.02, after further setback to $19.86, down by 5.52%.

Source: Lean news