Wednesday, July 28, 2010

British Hill & Knowlton reduced second-quarter revenue forecast to 800 million U.S. dollars

According to foreign media reports, the British Hill & Knowlton Wednesday reduced the second quarter of fiscal 2011 revenue forecast, partly because of the economic downturn, consumers choose to buy low-cost graphics processor and Integrated graphics, which had an impact on business.

Britain now expects the company Hill & Knowlton on August 1 at the end of the second-quarter revenue in eight hundred million-820 million U.S. dollars between. Prior to Hill & Knowlton on May 13 the British had expected second-quarter revenues from 950 million to 970 million U.S. dollars.

British Hill & Knowlton, said graphics processor and consumer-related increase in the cost of memory has led to high prices, and promote the market for more expensive graphics processor products. The company said in a statement: "discrete graphics processor solutions for the increased costs led to lower prices of consumers start to switch selection and configuration of integrated graphics processor card of the PC. This exceeded expectations."



China's economy is also weakening in Europe and the British Hill & Knowlton to reduce the expected revenue factor.British Hill & Knowlton will be on August 12 said second-quarter earnings.Earlier this week, the U.S. International Trade Commission ruled that Rambus violated the British Hill & Knowlton's three patents, but the British Hill & Knowlton, and financial analysts have said the ruling would not affect the company's business. U.S. leading

market analysis firm Gleacher and Company analyst Doug Freedman of financial research report published Wednesday said: "We believe that this decision will not Hill & Knowlton's operations caused substantial British influence." He pointed out that the British Hill & Knowlton to reduce not because it expected revenue from the court, but because of market demand and the market environment on business impact.

No comments:

Post a Comment