| Irene Chen, Taipei; Steve Shen, DigiTimes.com [Wednesday 9 August 2006] 
Taiwan-based network-equipment maker Sercomm saw its revenues hit a record high for the fifth consecutive month, reaching NT$920 million (US$28 million) in July, according to company president James Wang at an investor conference on August 8. Sercomm posted after-tax profits of NT$110 million in the second quarter of this year, the second highest quarterly record for the company, and the profitability for the third quarter is expected to remain the same as that recorded in the second quarter, Wang predicted. Sercomm shipped about 100,000 units of pre-N (802.11n draft 1.0) network devices in July, with the total shipments of pre-N products to reach 200,000 units in the slow-growing third quarter before demand picks up in the fourth quarter, Wang stated. Sercomm is expected to benefit from the growing popularity of VoIP integrated access device (IDA) in Europe and VoIP embedded media terminal adapter (EMTA) in the US, and see its shipments of VoIP IDAs and EMTAs increase substantially in the second half of this year, Wang indicated. In addition, Sercomm's shipments of MFP (multi-function peripheral) servers and IP cameras are likely to expand in the second half, Wang added. Sercomm: January 2006 - July 2006 revenues (NT$m) | Month | Sales | M/M | Y/Y | YTD | Y/Y | Jul-06 | 920 | 9.6% | 84.1% | 4,550 | 47.6% | Jun-06 | 839 | 2.3% | 119.2% | 3,630 | 40.5% | May-06 | 820 | 31.8% | 91.7% | 2,791 | 26.8% | Apr-06 | 622 | 11.5% | 21.2% | 1,971 | 11.2% | Mar-06 | 558 | 43.2% | 19.6% | 1,348 | 7.1% | Feb-06 | 390 | -2.6% | 19.6% | 790 | -0.3% | Jan-06 | 400 | -23.9% | -14.2% | 400 | -14.2% |
Source: TSE, compiled by DigiTimes, Aug 2006.
*Figures are not consolidated. Sercomm: 1Q 2005 - 1Q 2006 revenues (NT$m) | Quarter | Sales | Q/Q | Y/Y | YTD | Y/Y | 1Q-06 | 1,348 | -13.1% | 7.1% | 1,348 | 7.1% | 4Q-05 | 1,552 | 3.1% | 22.4% | 5,641 | 12.6% | 3Q-05 | 1,505 | 13.6% | 26% | 4,089 | 9.2% | 2Q-05 | 1,325 | 5.2% | 0.8% | 2,583 | 1.3% | 1Q-05 | 1,259 | -0.7% | 2% | 1,259 | 2% |
Source: TSE, compiled by DigiTimes, Aug 2006.
*Figures are not consolidated. Sercomm: 4Q 2005 - 1Q 2006 balance sheet (NT$k) | Item | 1Q-2006 | 4Q-2005 | Current assets | 2,027,941 | 2,044,698 | Long-term investments | 512,824 | 580,064 | Fixed assets (net) | 527,332 | 541,204 | Intangible assets | 111,476 | 115,429 | Other assets | 52,085 | 58,600 | Assets | 3,278,668 | 3,339,995 | Current liabilities | 1,316,539 | 1,334,017 | Noncurrent interest-bearing liabilities |
| 269,494 | Other liabilities | 7,636 | 8,781 | Liabilities | 1,591,531 | 1,612,292 | Stockholders' equity | 1,687,137 | 1,727,703 |
Source: TSE, compiled by DigiTimes, Aug 2006.
*Figures are not consolidated. Sercomm: 4Q 2005 - 1Q 2006 income statement (NT$k) | Item | 1Q-2006 | 4Q-2005 | NT$k | % of sales | NT$k | % of sales | Gross sales | 1,412,347 | | 1,612,722 | | Operating revenue | 1,348,359 | 95.5% | 1,552,282 | 96.3% | Gross profit (loss) from operations | 142,906 | 10.1% | 218,566 | 13.6% | Operating expenses | 112,623 | 8% | 121,581 | 7.5% | Operating income (loss) | 30,794 | 2.2% | 96,985 | 6% | Non-operating revenues and gains | | | 1,072 | 0.1% | Non-operating expenses and losses | | | 18,338 | 1.1% | Income from continuing operations before income tax | 18,543 | 1.3% | 79,719 | 4.9% | Net income (loss) | 16,715 | 1.2% | 79,711 | 4.9% | Fully-diluted earnings per share (NT$) | 0.1 | | | | Simple earnings per share (NT$) | | | 0 | |
Source: TSE, compiled by DigiTimes, Aug 2006.
*Figures are not consolidated. |
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