It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
AU Optronics reports another loss AU Optronics reports another loss
FAQ Members List Calendar Search Today's Posts Mark Forums Read

AU Optronics reports another loss
Thread Tools
Old 26th July 2012, 07:21   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 126,906
Stefan Mileschin Freshly Registered
Default AU Optronics reports another loss

Taiwan's AU Optronics which makes LCDs for the likes of HP, Dell and Sony posted a bigger-than-expected loss in the second quarter.

It is the seventh successive quarterly loss and this one means that it has lost $413.85 million for April-June.

Sixteen analysts in a Reuters poll had expected AU to post a net loss of a median $284 255 million, so the loss is pretty grim.

It reported a net loss of US $359,059 million in the same period a year earlier and a net loss of $458,798 million in the previous quarter.

As you would expect, the company blamed poor global economics for its woes. Its biggest customers are not doing that well in Europe because of the Euro crisis.

While that would explain the last year it does not explain why AU appears to have been suffering for much longer than that.

Some of it is due to the fact that AU has had to pay millions to settle allegations of price fixing. Growth markets like China have some real problems with local vendors giving priority to local panel makers and keeping foreigners out. All this is giving the panel industry a sense of real crisis. AU shares are the lowest they have been for ages.

At the moment AU seems to be hoping for lights at the end of the tunnel and that Europe will turn itself around. It could be a while before that happens.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
AMD reports $590 million loss, claims no 28nm issues Stefan Mileschin WebNews 0 23rd April 2012 06:57
RIM makes a loss Stefan Mileschin WebNews 0 2nd April 2012 06:51
OCZ reports $7.6 million loss for Q2 FY 2011, 265% increase in SSD shipments jmke WebNews 1 11th October 2010 21:14
AMD suffers Q3 loss jmke WebNews 0 26th September 2010 17:36
Seagate Technology Reports $496 Million Net Loss jmke WebNews 0 23rd January 2009 14:40
WD reports loss for 2nd quarter of 2007 jmke WebNews 0 7th August 2007 13:46
AMD Reports a net loss of $600 million USD for Q2/2007 jmke WebNews 3 20th July 2007 21:09
AMD Reports 4Q Loss jmke WebNews 0 24th January 2007 12:37

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 15:05.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO