Topic:  Finance 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. Quote:  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. News Source:  Digitimes

Topic:  Industry It's reported that Taiwan industry watchers estimated the on-going Beijing Olympic Games to give a big boost to the LED lighting industry from the huge number of LED lamps in conjunction with the energy-conservation tone lighting up magnificent games monuments, public utilities, main roads, and traffic lights in the Chinese capital city.
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Topic:  Industry It’s reported that Harvatek Inc., a Taiwan supplier of SMT chip LEDs, scored net profits of NT$0.9 per share for the first half of this year to be the No.2 supplier of this kind on the island, with increasing sales of its LED applications for notebook PCs.
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Topic:  Industry The LED sector in Taiwan generally had weaker-than-expected sales in April despite players' optimism that orders would be picking up in the second quarter.

LED packagers Unity Opto Technology and Harvatek saw their April sales drop sequentially.

Unity said shipments of applications for LED backlighting dipped in April amid clients' inventory adjustments. The company's April revenues declined 4.6% sequentially to NT$292 million (US$9.58 million), which nevertheless represents a 24% on-year increase.
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