Taiwan-based LED packaging company Harvatek estimates its August revenue total will fall a little short of its total in July, but revenues in the third quarter will be better than that it saw in the second quarter, according to market sources.

Harvatek's July revenues totaled NT$263.7 million, up 121% from NT$119 million in June, but down 13.64% on year, and its accumulated revenues from January to July were NT$1.7 billion, up 2.98% on year, according to data from the Taiwan Stock Exchange (TSE).

The company suffered from plunging LED product ASPs in the first half of the year, with ASPs declining 30-40% compare to the same period in 2007 due to an industry downturn and a crackdown on China's white-box handset market.

Orders from the the white box handset segment rebounded strongly in July, but has resulted in some inventory that still needs to be digested. Harvatek's August revenues will not reach the level reached in July and should be in the NT$250 million (US$7.9 million) range, the market sources noted.

As the long holiday around China's October 1 National Day is coming up, Harvatek estimates orders will begin picking up again in September.