CMC Magnetics and Ritek, the top two Taiwan-based makers of blank optical discs, suffered large net losses in the third quarter.
The losses were of NT$1.733 billion and NT$970.1 million, respectively, according to their financial reports for the third quarter of 2008.
However, CMC's third-quarter 2008 net loss shrank by 24.6% and Ritek's by 15.8% from the second quarter of 2008 mainly because the two companies increased their OEM prices for DVD+R/-R discs by about 10% in August, according to industry sources.
For January-September 2008, CMC suffered a net loss of NT$5.010 billion, translating into a net loss per share of NT$1.77, while Ritek posted net losses of NT$3.159 billion and net loss per share of NT$1.36.
Prodisc Technology, Gigastorage and Princo, three second-tier fellow makers, also saw net losses per share of NT$4.3, NT$0.25 and NT$2.84, respectively, for the first three quarters of this year, according to the sources.
Story source:
digitimes.com.
