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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Taiwan's Siliconware cuts Q4 sales forecast Reuters - 2 hours 3 minutes ago TAIPEI, Dec 3 - Taiwan chip packager Siliconware <2325.TW> on Wednesday cut its fourth-quarter sales forecast, a day after its larger local rival ASE <2311.TW> slashed its sales guidance for the same quarter due to the economic slowdown. "Because the global economy continues to deteriorate, orders in November and December dropped sharply," Siliconware Precision Industries Co said in a statement. Siliconware now expects its October-December sales to fall 25-28 percent from the previous quarter, worse than a previous forecast of an 8-13 percent drop. The company also cut its fourth-quarter operating profit margin forecast to between 7 and 9 percent from the previous 14-16 percent. The revision came after the Taipei stock market closed on Wednesday. Siliconware shares fell 6.9 percent, their daily limit, and ASE shares were also limit down, underperforming the main TAIEX's <.TWII> 1.1 percent fall. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Rice arrives in India in wake of Mumbai attacksAP - 43 minutes ago Director—General of UNESCO to visit SingaporeChannel NewsAsia - 52 minutes ago CATS musical returns to S’pore in April 2009Channel NewsAsia - 57 minutes ago Bomb kills 4 in attack on Pakistan army convoyAP - 1 hour 8 minutes ago Indonesia to host ASEAN foreign ministers' meetingReuters - 1 hour 16 minutes ago Most Popular – Asia Pacific Viewed Wall Street plunges as recession becomes reality Sweden to come to rescue of struggling carmakers Saab and Volvo World stocks tumble as economic fears deepen Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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