"A sequential sales dip is quite normal in the short month of February"
Besides February being a short month there is Chinese New Year. BIG deal X-mas/Thanksgiving and Easter combined - usually good opportunity to do annual PM but you should know that.
Looks like they have a good shoot to make the quarter - they need to come in around NT $38 billion.
“For the first quarter of 2011, we expect the demand to be stronger than seasonal. Based on our current business outlook and exchange rate assumption, management expects overall performance for first quarter 2011 to be as follows,” said Lora Ho, senior vice president and chief financial officer of TSMC.
In Q1 2011 revenue is expected to be between NT$105 billion and NT$107 billion ($3.611 - $3.680 billion); gross profit margin is expected to be between 47% and 49%; operating profit margin is expected to be between 35% and 37%.
Where is the original article?
Yesterday I posted TSMC actual monthly sales which were UP sequentially in January 2011; that seems to support today's top story that actual global IC sales are above normal trend.
I made a mistake yesterday in my analysis of UMC's sales record over the last decade, which is the reason I have posted this corrected version of the story.
A calculation error compared January sales to February sales, rather than the other way around, with the result that declines were interpreted as increases and vice versa.
My apologies to readers and to UMC.
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