Advanced Semiconductor Engineering (ASX) Guides Q4 Sales Lower
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Advanced Semiconductor Engineering, Inc. (NYSE: ASX) today announced that the Company's Q4 revenue will be below its guidance provided on October 31st, 2008. The Company believes the lower-than-expected revenue is primarily due to weakening macro conditions leading to rapid deterioration in demand across all market segments in all geographies. The Company now expects its Q4 revenue to decline by 25% to 28% sequentially and estimates gross margin of 14% to 15% given the lower revenue level.
Advanced Semiconductor Engineering, Inc., together with its subsidiaries, provides semiconductor packaging and testing services for semiconductor companies.
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