Compal revises Q1 shipment target up again
TAIPEI Jan 11 (Reuters) - Taiwan's Compal Electronics (2324.TW), the world's No. 2 laptop PC maker, has revised its first-quarter shipment target upwards, its CFO said Monday, helped by growing demand.
The company now expects shipments in the current three months to remain flat or fall about 5 percent from the last quarter of 2009, better than its previous forecast for a 10 percent decline, Chief Financial Officer Gary Lu said.
Compal already raised the target once before in early December, citing better-than-expected demand.
"The first quarter is looking quite good," Lu said. "Demand is looking strong from most areas."
(Reporting by Kelvin Soh; Editing by Jonathan Hopfner)
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