Compal revises Q1 shipment target up again

Mon Jan 11, 2010 7:14am GMT

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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)

((kelvin.soh@thomsonreuters.com; +886 2 2508 0815; Reuters Messaging: kelvin.soh.reuters.com@reuters.net))

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