Nanya posts 3Q loss

October 13, 2003 – Taiwan’s Nanya Technology Corp. posted a $5 million net loss in 3Q03, compared with a $17.million profit in 3Q02. The company reported a $57 million loss in 1H03.

In addition to a rising cost of goods sold, Nanya executive VP Charles Kau blamed PC manufacturers, who, in an effort to stave off sinking PC prices, are opting to include fewer high-priced components, including DRAM.

Nanya had earlier predicted it would see a profit in 2003 if DRAM prices cracked $5 per unit; instead they were $4.56 in 3Q, and are predicted to hover just below $5 in 4Q.


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