ESS Technology claims Asian slow down hurts results

ESS Technology claims Asian slow down hurts results
Tom Foremski
ESS Technology is the latest Silicon Valley based chip maker to announce an earnings warning as a slow Asian economy and slow growth in PC markets continues to take its toll on US electronics firms.
The integrated mixed signal chip maker, said that its fiscal second quarter revenues will be below $35m which will result in a net loss. “The lower preliminary revenues are primarily due to lower unit shipments of the company’s products for the PC market, which has experienced a significant slowdown in recent months. The company is targeting improved sales and a return to profitability by the end of the year, said ESS CEO Fred Chan.


Leave a Reply

Your email address will not be published. Required fields are marked *

*