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2008-07-23

Taiwan LED chipmaker Arima Opto stresses financial health

It's reported Taiwan-based LED chipmaker Arima Optoelectronics has stressed that its finances and operations remain healthy despite heavy losses in 1Q.The company saw its June sales drop 59% on year to NT$104 million, with a net loss of NT$82 million for the month. It posted net losses of NT$124 million for the first quarter of 2008. It attributed the poor results to the spinning off its laser diode business last August, and fierce pricing amid weak demand.
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