(digitimes)
2008/07/31
The business outlook for Taiwan-based satellite telecommunications device maker Wistron NeWeb (WNC) in the second half of 2008 now looks more rosy following the recent approval by the US FCC (Federal Communications Commission) of the planned merger deal between US-based Sirius Satellite Radio and XM Satellite Radio, according to market sources in Taiwan.
The approval of the merger will facilitate WNC's shipments of digital satellite telecommunications devices to the merged company, said the sources noting that orders from the new company will contribute greatly to WNC's revenues at the end of 2008 or starting in 2009.
WNC saw its revenues grow at a moderate 6.3% on year to NT$8.43 billion (US$276.4 million) in the first six months of 2008, according to company data.
Demand for LNB (low noise block) devices is expected to pick up in the third quarter following the traditional slow season in the second-quarter, said WNC president Haydn Hsieh.
Hsieh also indicated that the company's shipments of IP STBs (set-top boxes) will also improve in the second half, with shipments to reach 100,000-200,000 units this year.
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