Chartered: 3Q outlook still on track

September 6, 2007 – Singapore foundry Chartered Semiconductor Manufacturing Ltd. says its 3Q07 outlook is still the same as projected: breakeven profits (plus or minus $5 million), wiping out a $24.7 million loss in 2Q07, and sales of $322-$344 million, which would be flat to up about 4% from 2Q.

The Associated Press notes that analysts polled by Thomson Financial are looking for breakeven results on sequentially 5% higher sales of $340.1 million. Final 3Q07 results will be released on Oct. 26.

“The quarter is essentially progressing in line with what we had anticipated earlier,” said George Thomas, Chartered’s CFO and SVP, in a statement.


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