(Reuters) - TAIPEI, April 25 - ASE , the world's top microchip packaging company, missed forecasts with a 91.6 percent drop in first-quarter net profit on Wednesday as clients' high stockpiles took their toll.
But analysts say a recovery is in sight after new consumer products hit the stores and as Microsoft Corp.'s new Vista operating system is seen spurring demand for PCs, with its full effect widely expected in the second half of the year. Advanced Semiconductor Engineering Inc. earned a net profit of T$1.661 billion for the quarter ended March, lower than T$3.182 billion in the same period a year earlier and T$2.734 billion in the fourth quarter.
Read more at Reuters.com Market News
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