Telecom equipment maker MTI posts losses of NT$20 million in 1H09

Taiwan-based telecom and network equipment maker Microelectronics Technology (MTI) posted net losses of NT$20 million (US$606,060), or NT$0.05 per share, in the first half of 2009 due to its acquisition of the remote radio head business unit of TelASIC Communications. However, gross margin stood at 16% in the first half.

The company expects revenues to grow 7% sequentially in the third quarter from NT$1.5 billion recorded in the second quarter, buoyed by increasing shipments of power amplifiers for base stations and LNB (low noise block) devices, according to company CEO Allen Yen.