Feeds

Elpida falls into red on weak DRAM prices

Despite growing sales

  • alert
  • submit to reddit

Build a business case: developing custom apps

Elpida lost ¥3.30bn ($29.9m) on sales of ¥48.04bn ($434.8m) during Q1 FY2005, the memory maker said yesterday.

It blamed its fall into the red on rapidly declining memory prices, which more than countered rising sales. The quarter's revenues were up 5.5 per cent on the year-ago period's ¥45.54bn ($412.2m).

During June, Elpida noted, DRAM prices began to stabilise in the PC and server markets. At the same time, it said, the industry-wide inventory correction problem is coming to a close with indications that demand from the consumer electronics and mobile phone sectors is starting to move upward - net sales to these markets were up 66.04 per cent year on year, Elpida said.

The company forecast Q2 will see sales continue to rise, to between ¥52bn ($470.7m) and ¥55bn ($497.9m), for growth of 8.2-14.5 per cent. However, that growth and improving prices will not be sufficient to generate a strong quarterly profit, Elpida admitted. It expects anything between a ¥4bn ($36.2m) loss and the break-even point. ®

Related stories

Freescale grows Q2 earnings on flat sales
Intel overcomes 'weak' line-up during Q2
AMD shrugs off Intel shackles for ace Q2
Chip kit market shrinks
TSMC, UMC Q2 sales slide
Elpida touts 'first' 2Gb DDR 2 chip
Elpida declares first annual profit

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.