Thinking and Polytronics announced revenues for 2010

For all of 2010, Thinking Electronic Industrial posted revenues of NT$4.33 billion, increasing 35.8% from a year earlier. December consolidated revenues were NT$367 million (US$12.61 million), down 3.7% sequentially.

In January of 2011, the company started to receive orders as usual, and Thinking's capacity would remain tight in 1Q11 as the company's new plant in China would not come online until 3Q11. But 1Q11 revenues would remain low compared to 4Q10, following the impact of the Chinese Lunar New Year holidays.

Meanwhile, Polytronics Technology (PTTC) got merger net revenues of NT$102.783 million for December, and full year merger net revenues for 2010 were NT$1372 million, up 44.61% compared to 2009.

In 2011, the company revenues for 1Q would be up with the demand for polymeric positive temperature coefficient (PPTC) resistors from the handset sector and LED sink substrates from the LED TV segment.

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