Transcend revenues fall 20.1% in February

Submitted by Sarika Valecha on Tue, 03/09/2010 - 17:48

Transcend-InformationTranscend Information has recorded a drop of 20.1% in revenues to $73 million in the month of February 2010 mainly due to fewer working days in the month.

The company also saw drop in shipments to about 4.77 million units from 5.7 million shipped in January 2010.

The company said that NAND flash-based devices accounted for about 44.3% and DRAM modules brought in about 32.1% for the total revenues for the month. The remaining was contributed by other products such as digital music players and digital photo frames which are named as the strategic products by the company. The strategic products accounted for nearly 23.6% of revenues for the month.

The company shipped 3.56 million NAND flash products in the month which is 16% lower than 4.25 million units for January. As for DRAM module, the company shipped around 823,000 units in the month, compared to 975,000 shipped in January.

The demand for flash memory cards are expected to rise due to the launch of new digital camera models while DRAM-module demand will rise due to the changes from DDR2 to DDR3.

The company expects the revenues to go up in the month of March with more working days the bullish outlook for both DRAM and NAND flash memory market.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010