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Lite-On IT 4Q forecast: Revenues to grow, gross margins to drop

Jimmy Hsu, Taipei; Adam Hwang, DIGITIMES Asia Wednesday 27 October 2004 0

Lite-On IT expects its fourth-quarter revenues to grow 10-12% sequentially due to seasonal effects, but the company estimates its average gross margins will decrease to 17%-19% on falling OEM prices, said company president Danny Liao during an investors...

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