UNCERTAIN TIMES: Despite good order visibility for the third quarter, a top company official said it is hard to predict demand as clients could ‘easily delay or cancel’ orders
Taipi Times
Date: Jun 16, 2020
By: Natasha Li / Staff reporter
Electronic component manufacturer Lite-On Technology Corp (光寶科技) yesterday gave a
Lite-On Technology Corp vice chairman and chief operating officer Warren Chen poses for a photograph at a press conference following the company’s annual shareholders’ meeting in Taipei yesterday.
Photo: Chen Jou-chen, Taipei Times
“From what we know, the coronavirus is still spreading, with new cases in Beijing, as well as in the US and South America… There is a lot of uncertainty which is fostering [economic] instability from a global perspective,” Lite-On vice chairman and chief operating officer Warren Chen (陳廣中) told a news conference after the company’s annual shareholders’ meeting in Taipei.
Although Lite-On has good order visibility for the third quarter, Chen expressed doubts about its future performance.
“We can no longer rely on clients’ orders to predict market demand,” as clients could “easily delay or cancel” orders, Chen said. [FULL STORY]
