Powertech Technology (PTI) has reported a sequential decline of 3.5% in consolidated revenues to NT$2.8 billion (NT$87.5 million) for February 2010, but the memory packaging and testing firm expects revenues to rebound in March.
Despite the on-month drop, PTI's February results showed a 50.3% growth compared to NT$1.86 billion a year earlier. Consolidated revenues for the first two months of 2010 amounted to NT$5.7 billion, up 45.7% from 2009.
PTI estimated March consolidated revenues at about the level reached in January. The company also added its order visibility now extends through June.
PTI said revenues for the ongoing quarter will likely drop by single digits sequentially, and is expecting to see a strong first quarter. Price drops in the quarter would be limited, the company added.
In other news, PTI is expected to benefit from Elpida Memory's pending move to enter the NAND flash market, according to a Chinese-language Commercial Times report citing market watchers. The Japan-based vendor is one of PTI's major DRAM customers which also includes Rexchip Electronics.
Elpida was recently quoted by Bloomberg and others as saying it plans to buy Spansion's NAND technology and assets, including IP and Spansion's R&D facility in Milan, Italy.