Wednesday, April 25, 2007

Advantest 2006/07 profit falls, sees modest growth

(Reuters) - TOKYO, April 25 - Advantest Corp. , the world's largest maker of microchip testers, said on Wednesday its net profit fell 14 percent last business year as chip makers delayed spending, and forecast a weaker-than-expected recovery this year.

Advantest sales have slowed as major clients such as Intel Corp. pushed back plans to buy machines that test microchips, typically used towards the end of the chip-making process. For the year to next March, Advantest forecast a net profit of 40 billion yen, short of the consensus forecast of 49.2 billion yen from 22 analysts polled by Reuters Estimates.


Read more at Reuters.com Market News

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