Fri, Nov 02, 2012 - Page 14 News List

Powertech shares drop as PC DRAM market shrinks

MOBILE FUTURE:The ongoing contraction in the PC market is seriously undermining sales of PC DRAM with uncertainty over the possible impact of Windows 8

By Kevin Chen  /  Staff reporter

Fubon Securities (富邦證券) analyst Calvin Shao (邵琮淳) yesterday said he held a conservative view on Powertech as he has not seen significant improvement on either its logic IC business or new technology development. Fubon offered a “reduce” rating on the stock, with a target price of NT$53.

Credit Suisse analyst Randy Abrams also cut his target price on Powertech to NT$47 from NT$55 yesterday, to reflect his concern over the company’s weaker profitability outlook with two quarters of difficult conditions ahead.

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