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USI May revenues up on month, year

Source :Digitimes          update : 2010-06-13

Universal Scientific Industrial (USI) saw May 2010 consolidated revenues of NT$4.88 billion (US$151 million) rising 4% on month and 21% on year mainly due to booming shipments of networking and communication products, according to the company. USI's January-May consolidated revenues of NT$24.07 billion grew 30% on year.

For the future, USI expects its June revenues will continue rising on month, with revenues in the third quarter to drop sequentially and then bounce back in the fourth quarter. The company expects revenues in 2010 will stay level on year.

As Advanced Semiconductor Engineering (ASE) is completing its acquisition of USI, USI will be de-listed from the Taiwan Stock Exchange (TSE) on June 17.

USI: Revenues performance by business segment, May 2010 (NT$m)

Segment

May 2010 revenues

M/M

Y/Y

Share of total May revenues

Communication products

1,537

7%

68%

32%

Computer and peripherals

738

(10%)

(14%)

15%

Electronics packaging and EMS

1,078

1%

(20%)

22%

Network storage and servers

489

3%

56%

10%

Industrial and automotive products

1,034

14%

78%

21%

Source: Company, compiled by Digitimes, June 2010