Compal Communications October revenues at 13-month high

Taiwan-based ODM handset maker Compal Communications saw its revenues grow 22.6% on year to NT$4.25 billion (US$129.2 million) in October, the highest level in 13 months, according to data available at the Taiwan Stock Exchange (TSE).

Rush orders from Motorola in August and September helped push up Compal's October revenues, the Chinese-language Commercial Times quoted sources at Taiwan-based securities houses as indicating.

The paper also quoted the sources as saying that Compal may be able to boost its shipments of smartphones to two million units in 2009 compared to 90,000 units projected for 2008, due to orders from Hewlett-Packard (HP), Palm and possibly also from Motorola and Sony Ericsson.