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Inotera Memories' Q4 2011 loss expands to NT$6.03 bln

Jan. 19, 2012 (China Knowledge) - Taiwan-listed Inotera Memories Inc, a joint venture between Nanya Technology Co and U.S.-based Micron Technology Inc, yesterday posted NT$6.03 billion or US$201.5 million-net loss for the fourth quarter of 2011, compared with a net loss of NT$4.67 billion it suffered in the corresponding period of 2010.

The net loss for 2011 fourth quarter, the eighth consecutive quarter loss as slowing demand for personal computers, was lower than a forecasted net loss of NT$6.47 billion made by six analysts at Dow Jones Newswires.

Inotera Memories said its revenue for the fourth quarter of last year reached NT$8.7 billion, nearly unchanged to NT$8.72 billion the firm realized in the same quarter of 2010.  

Pai Pei-lin, Vice President of Nanya Technology, said prices of dynamic random-access memory, or DRAM, the most common chip used in computers, declined by 12% from a quarter earlier in the three-month period ended December 31, 2011.

Nanya Technology saw its DRAM shipments, measured in bits, however, increase by 7% in the fourth quarter of 2011, said Pai, adding that shipments would probably be unchanged in the first quarter of this year.

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