MediaTek Labs Brings Developers Closer to Commercialization with New Development Platform

MediaTek LinkIt™ Assist 2502 delivers module-based reference design and feature rich capabilities to software development, prototyping and final hardware design of Wearables

HSINCHU, April 10, 2015 /PRNewswire/ — As part of its global developer initiative, MediaTek Labs today announced the MediaTek LinkIt™ Assist 2502 development platform. LinkIt Assist 2502 is designed for advanced developers looking for a professional environment in which to design and prototype the software and hardware for consumer-ready Wearables and IoT devices.

“Professional developers face many challenges in the lifecycle of device creation, but one such challenge shouldn’t be getting that product to a commercial-ready prototype,” said Marc Naddell, VP, MediaTek Labs. “MediaTek LinkIt Assist 2502, combined with our MediaTek Labs Partner Connect program, allows a developer’s dream to be a consumer’s reality.”

The LinkIt Assist 2502 consists of four feature-rich components: a Software Development Kit (SDK) plug-in for the Eclipse IDE, C-based application programming interface (API), a Hardware Development Kit (HDK), and a module-based hardware reference design to help simplify component integration.

The LinkIt Assist 2502 SDK puts an emphasis on features such as enhanced graphics, image decoder, vector fonts (powered by Etrump) and LCD and touchscreen support. Additionally, developers will benefit from advanced features such as Secure Sockets Layer (SSL) and Hypertext Transfer Protocol Secure (HTTPS) support for web services authentication, Smart Connection API for Wi-Fi configuration, a notification library for iOS and Android, and over-the-air application and firmware update capability.

The LinkIt Assist HDK is designed to build commercial-ready prototypes and delivers a complete package in the form of the LinkIt Assist 2502 development board from Seeed Studio and LinkIt Assist 2502 modules from AcSiP. The new module-based approach makes it easier to get access to MediaTek chipset technology and simplifies final hardware design for developers. The high performance development board comes with three modules based on MediaTek chipsets, including the MT2502 (Aster) SoC (for GSM/GPRS and Bluetooth 2.1/4.0) and its energy-efficient MT5931 Wi-Fi and MT3332 GNSS (GPS/GLONASS/Beidou) companion chipsets, giving developers a broad range of features in a single board. The development board also comes equipped with a swappable 240×240 16-bit color touch LCD.

MediaTek Labs was launched in September 2014 and provides developers, makers and service providers with SDKs, HDKs and documentation, as well as technical and business support. The first developer offering for Wearables and IoT was the MediaTek LinkIt ONE platform, which has proven to be very popular among the Do-It-Yourself maker community.

The new MediaTek LinkIt Assist 2502 SDK is available for download from MediaTek Labs now. The HDK and modules will ship in Q2 2015. For a full list of features and to gain access to materials, visit http://labs.mediatek.com/2502.

About MediaTek Inc.

MediaTek is a pioneering fabless semiconductor company, and a market leader in cutting-edge Systems on Chip for wireless communications and connectivity, HDTV, DVD and Blu-ray. MediaTek created the world’s first True 8core™ smartphone platform with LTE and our CorePilot® technology releasing the full power of multi-core mobile processors. Through MediaTek Labs, the company is creating a worldwide ecosystem in support of device creation, application development and services based around MediaTek offerings. With an emphasis on enabling technology for the masses and not the chosen, everyone can be an Everyday Genius®. MediaTek [TSE:2454] is headquartered in Taiwan and has offices worldwide. Please visit www.mediatek.com for more information.

MediaTek Press Office:

PR@mediatek.com 
Kristin Taylor, MediaTek Inc.
+1- 858-731-9270
2860 Junction Ave, San Jose, CA 95134, USA

Joey Lee, MediaTek Inc.
+886-3-567-0766 # 31602
No. 1, Dusing 1st  Rd., Hsinchu Science Park, Hsinchu City 30078, Taiwan

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GigaMedia Announces Fourth-Quarter and Full-Year 2014 Financial Results

TAIPEI, April 10, 2015 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced its fourth-quarter and full-year 2014 unaudited financial results.

Message from Management

In 2014, the Company launched one social casino game, one PC-based MMO game and five RPG mobile games mainly in Taiwan, Hong Kong and Macau; meanwhile, self-developed and collaborated with Korean game studios to have its own games to publish. In addition, its cloud computing business launched an integrated cloud service in combination of business card management and virtual platform solution for Taiwanese corporate customers.

The revenues generated in 2014 were mainly attributable to the existing games and cloud computing business. Most of the games were released in late December 2014 and therefore, these new released games are expected to make a contribution on the revenues in the first quarter of 2015. Nevertheless, based on the Company’s unaudited financial results, its current stock price is considered much discounted compared with its cash value per share.

Management believes that the year of 2014 was the downturn of the Company’s restructuring as the cloud computing business just started to take off, the new games continued to release on the market in late December 2014 and both collaborated and in-house developed games are ready for marketing, and same as the casino game platform. Besides, compared with the third quarter of 2014, the Company’s financial position continues to increase due to the gain on disposal of partial marketable securities in the fourth quarter.

Looking forward, the Company expects to expand the South East Asian market for more market presence for its online game business, and its cloud computing business plans to penetrate further the Taiwanese SME customers. As regards the casino game platform, the Company hopes to leverage on partnership with overseas operators in order to generate more earnings.

Management is confident of the prospects in 2015 and is certain that the Company will be able to benefit from the efforts made in 2014.

Consolidated Financial Results

GigaMedia Limited is a diversified provider of online games and cloud computing services. GigaMedia’s online games business FunTown develops and operates a suite of games in Taiwan and Hong Kong, with focus on browser/mobile games and social casino games. GigaMedia’s cloud computing business GigaCloud was launched in early April 2013 and is focused on providing small and medium-sized enterprises in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness.

Unaudited consolidated results of GigaMedia are summarized in the table below.

For the Fourth Quarter

GIGAMEDIA 4Q14 UNAUDITED CONSOLIDATED FINANCIAL RESULTS

(unaudited, all figures
in US$ thousands,
except per share
amounts)

4Q14

3Q14

Change (%)

4Q14

4Q13

Change (%)

Revenues

2,660

2,472

7.6%

2,660

3,381

-21.3%

Gross Profit

(96)

205

-146.8%

(96)

1,157

-108.3%

Loss from Operations

(4,332)

(3,631)

-19.3%

(4,332)

(31,338)

86.2%

Net Income (Loss)
Attributable to
GigaMedia

5,435

(4,839)

212.3%

5,435

(30,363)

117.9%

Net Income (Loss) Per Share
Attributable to GigaMedia,
Diluted

0.10

(0.09)

211.1%

0.10

(0.60)

116.7%

EBITDA (A)

5,673

(4,589)

223.6%

5,673

(29,840)

119.0%

Cash and Marketable
Securities-Current

62,089

56,940

9.1%

62,089

80,262

-22.6%

(A) EBITDA (earnings before interest, taxes, depreciation, and amortization) is provided as a supplement to results provided in accordance with U.S. generally accepted accounting principles (“GAAP”). (See, “Use of Non-GAAP Measures,” for more details.)

Fourth-Quarter Financial Results

  • Consolidated revenues were $2.7 million, grew by 7.6% quarter-on-quarter due to the growth of cloud computing business with the revenues of $0.9 million in 4Q14, up from $0.2 million in 3Q14 as the contribution from online game business was $1.7 million, down from $2.2 million in 3Q14 (-22% quarter-on-quarter) and $2.5 million in 4Q13 (-29% quarter-over-quarter) respectively.
  • Consolidated operating expenses were $4.2 million, up from $3.8 million in 3Q14 (+10.4% quarter-on-quarter) resulting from the impairment losses of $1.4 million.
  • Impairment losses were $1.4 million recognized mainly for the prepaid license fee of ArcheAge, which the game license agreement was signed in October 2010.
  • Consolidated non-operating income was $9.7 million in 4Q14 compared to expense of $1.2 million in 3Q14 and income of $1.2 million in 4Q13.
  • Net income was $5.4 million thanks to the capital gain on disposal of marketable securities and market price valuation on investment.
  • Cash and marketable securities-current in 4Q14 accounted for $62.1 million, increased by 9.1% quarter-on-quarter due to the gain on sale of marketable securities.

Financial Position

GigaMedia maintained its solid financial position with cash and cash equivalents, marketable securities-current and restricted cash accounted for $71.1 million as of December 31, 2014, or approximately $1.29 per share.

For the Full Year 2014

( all figures in US$ thousands,
except per share amounts)

FY14 (unaudited)

FY13 (audited)

Change (%)

Revenues

9,779

15,032

-34.9%

Gross Profit

1,942

7,448

-73.9%

Loss from Operations

(13,475)

(38,487)

65.0%

Net Loss Attributable to
GigaMedia

(5,157)

(34,780)

85.2%

Net Loss Per Share
Attributable to GigaMedia,
Diluted

(0.10)

(0.69)

85.5%

EBITDA (A)

(4,170)

(32,599)

87.2%

Consolidated revenues declined to $9.8 million in 2014 from $15.0 million in 2013. The decrease was primarily driven by the contraction in online game business.

Consolidated gross profit decreased to $1.9 million in 2014 from $7.4 million in 2013 (-73.9% year-over-year) attributable to a decline in operating revenues and lowered operating leverage. The gross margin dropped to 19.9% in 2014, down from 49.5% in 2013.

Consolidated loss from operations for 2014 was $13.5 million, down from $38.5 million in 2013. In 2013, loss from operations, excluding impairment losses of $30.3 million related to FunTown goodwill and intangible assets, was $8.2 million. The operating expenses compared to that in 2013, excluding impairment losses related to FunTown goodwill and intangible assets, diminished slightly in 2014 due to a decrease in impairment losses related to prepaid license fee.

Consolidated net loss attributable to the shareholders of the company amounts to $5.2 million in 2014 compared to a loss of $34.8 million in 2013.

Business Outlook

The following forward-looking statements reflect GigaMedia’s expectations as of April 10, 2015. Given potential changes in economic conditions and consumer spending, the evolving nature of online games, and various other risk factors, including those discussed in the company’s 2014 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission as referenced below, actual results may differ materially.

For the first quarter of 2015, GigaMedia expects total revenues to increase by double-digit growth rate compared with the fourth quarter of 2014, primarily contributed by the five new games released in late December 2014 and one new game in February 2015.

Looking ahead of 2015, management expects:

  1. Co-developed and self-developed games to be ready by the third quarter and hopes to license to the overseas gaming publishers;
  2. New licensed mobile games to acquire more players in order to increase economic scale;
  3. For cloud computing business, it is expected to enlarge its Taiwanese SME customer portfolio and also its market presence;
  4. Club One, a self-developed social casino platform, to start to license to the overseas operators in April.

Use of Non-GAAP Measures

To supplement GigaMedia’s consolidated financial statements presented in accordance with US GAAP, the company uses the following measure defined as non-GAAP by the SEC: EBITDA. Management believes that EBITDA (earnings before interest, taxes, depreciation, and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A limitation of using EBITDA is that it does not include all items that impact the company’s net income for the period. Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.

About the Numbers in This Release

Full-year and quarterly results

All 2014 quarterly and full-year figures and all 2013 quarterly results referred to in the text, tables and attachments to this release are unaudited; all full-year 2013 amounts are audited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as “non-GAAP,” and are presented in U.S. dollars.

Conference Call and Webcast

Management will not hold an investor conference call and webcast for a discussion about the financial results of the fourth quarter and full year 2014 as the release dates of the financial results of the first quarter 2015 and the 2014 annual report are close. An announcement will be made along with the release of the financial results of the first quarter of 2015.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of online games and cloud computing services. GigaMedia’s online games business develops and operates a suite of games in Taiwan and Hong Kong, with focus on browser/mobile games and social casino games. The company’s cloud computing business is focused on providing SMEs in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness. More information on GigaMedia can be obtained from www.gigamedia.com.

The statements included above and elsewhere in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the “Business Outlook” section and in quotations from management in this press release) and GigaMedia’s strategic and operational plans. These statements are based on management’s current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional online games that are appealing to users, our ability to retain existing online game players and attract new players, and our ability to launch online games in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia’s Annual Report on Form 20-F filed in April 2013 and its other filings with the United States Securities and Exchange Commission.

For further information contact:

Amanda Chang
Investor Relations Department
Country/City Code 8862 Tel: 2656-8080
amanda.chang@gigamedia.com.tw

(Tables to follow)

GIGAMEDIA LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended

Twelve months ended

12/31/2014

9/30/2014

12/31/2013

12/31/2014

12/31/2013

unaudited

unaudited

unaudited

unaudited

audited

USD

USD

USD

USD

USD

Operating revenues

Asian online game and service revenues

1,739,623

2,237,498

2,463,125

8,199,393

14,106,052

Other revenues

920,732

234,987

917,736

1,579,551

925,607

2,660,355

2,472,485

3,380,861

9,778,944

15,031,659

Operating costs

Cost of Asian online game and service revenues

1,835,944

1,972,295

1,231,969

6,012,130

6,425,263

Cost of other revenues

920,471

294,982

991,980

1,824,573

1,158,371

2,756,415

2,267,277

2,223,949

7,836,703

7,583,634

Gross profit

(96,060)

205,208

1,156,912

1,942,241

7,448,025

Operating expenses

Product development and engineering expenses

220,748

197,745

497,083

892,331

1,697,806

Selling and marketing expenses

1,697,665

1,759,991

934,726

6,707,346

4,815,560

General and administrative expenses

915,407

1,878,580

1,145,613

6,415,549

6,364,876

Impairment losses

1,401,667

0

29,917,344

1,401,667

33,057,342

4,235,487

3,836,316

32,494,766

15,416,893

45,935,584

Loss from operations

(4,331,547)

(3,631,108)

(31,337,854)

(13,474,652)

(38,487,559)

Non-operating income (expense)

Interest income

146,579

187,194

85,717

682,163

237,733

Gain on sales of marketable securities

6,011,518

2,447,065

1,199,533

8,620,875

1,739,373

Interest expense

(80,344)

(78,714)

(7,549)

(243,037)

(48,537)

Foreign exchange (loss) gain – net

(244,306)

20,058

24,262

(556,061)

44,686

Equity in net earnings (losses) on equity method investments

3,860,112

(3,848,048)

(59,304)

(209,211)

525,907

Gain on disposal of investments

0

0

(0)

0

1,219,712

Other

16,283

22,550

(40,901)

114,678

86,167

9,709,842

(1,249,895)

1,201,758

8,409,407

3,805,041

Income (loss) from continuing operations before income taxes

5,378,295

(4,881,003)

(30,136,096)

(5,065,245)

(34,682,518)

Income tax benefit (expense)

13,005

125

(76,099)

73,258

(61,086)

Income (loss) from continuing operations

5,391,300

(4,880,878)

(30,212,195)

(4,991,987)

(34,743,604)

Loss from discontinued operations, net of tax

0

0

(431,910)

0

(317,920)

Net income (loss)

5,391,300

(4,880,878)

(30,644,105)

(4,991,987)

(35,061,524)

Less: Net loss (income) attributable to noncontrolling interest

43,639

41,966

281,157

(164,780)

281,242

Net income (loss) attributable to shareholders of GigaMedia

5,434,939

(4,838,912)

(30,362,948)

(5,156,767)

(34,780,282)

(Loss) earnings per share attributable to GigaMedia

Basic:

Income (loss) from continuing operations

0.10

(0.09)

(0.59)

(0.10)

(0.68)

Loss from discontinued operations

0.00

0.00

(0.01)

0.00

(0.01)

0.10

(0.09)

(0.60)

(0.10)

(0.69)

Diluted:

Income (loss) from continuing operations

0.10

(0.09)

(0.59)

(0.10)

(0.68)

Loss from discontinued operations

0.00

0.00

(0.01)

0.00

(0.01)

0.10

(0.09)

(0.60)

(0.10)

(0.69)

Weighted average shares outstanding:

Basic

55,261,661

55,261,661

50,720,498

53,926,966

50,720,108

Diluted

55,284,832

55,261,661

50,720,498

53,926,966

50,720,108

GIGAMEDIA LIMITED

CONSOLIDATED BALANCE SHEETS

12/31/2014

9/30/2014

12/31/2013

unaudited

unaudited

audited

USD

USD

USD

Assets

Current assets

Cash and cash equivalents

50,640,355

38,899,281

58,801,533

Marketable securities – current

11,448,930

18,041,022

21,460,119

Accounts receivable – net

1,297,785

1,327,883

2,026,891

Prepaid expenses

566,965

534,534

749,598

Restricted cash

8,990,666

9,006,571

0

Other receivables

124,344

2,739,712

211,006

Other current assets

195,998

166,917

82,244

Total current assets

73,265,043

70,715,920

83,331,391

Marketable securities – noncurrent

4,744,000

9,073,630

6,048,080

Investments

23,671,773

20,775,344

5,822,332

Property, plant & equipment – net

1,663,424

1,753,309

1,676,772

Intangible assets – net

221,630

592,482

1,461,304

Prepaid licensing and royalty fees

4,382,772

5,061,593

4,665,992

Other assets

353,258

309,549

315,327

Total assets

108,301,900

108,281,827

103,321,198

Liabilities and equity

Short-term borrowings

18,641,390

19,395,135

4,360,953

Accounts payable

770,965

453,885

1,178,357

Accrued compensation

795,431

1,144,451

379,905

Accrued expenses

3,464,652

2,508,376

2,616,623

Unearned revenue

1,945,945

2,172,611

2,440,916

Other current liabilities

3,646,412

3,781,432

3,861,931

Total current liabilities

29,264,795

29,455,890

14,838,685

Other liabilities

10,553

181,193

181,485

Total liabilities

29,275,348

29,637,083

15,020,170

GigaMedia’s shareholders’ equity

79,016,097

78,589,516

88,447,894

Noncontrolling interest

10,455

55,228

(146,866)

Total equity

79,026,552

78,644,744

88,301,028

Total liabilities and equity

108,301,900

108,281,827

103,321,198

GIGAMEDIA LIMITED

Reconciliations of Non-GAAP Results of Operations

Three months ended

Twelve months ended

12/31/2014

9/30/2014

12/31/2013

12/31/2014

12/31/2013

unaudited

unaudited

unaudited

unaudited

unaudited

USD

USD

USD

USD

USD

Reconciliation of Net Income (Loss) to EBITDA

Net income (loss) attributable to GigaMedia

5,434,939

(4,838,912)

(30,362,948)

(5,156,767)

(34,780,282)

Depreciation

76,309

76,182

89,778

305,779

407,669

Amortization

241,060

282,115

434,343

1,192,629

1,902,764

Interest income

(146,450)

(187,194)

(85,652)

(681,833)

(238,608)

Interest expense

80,344

78,714

7,549

243,037

48,537

Income tax (benefit) expense

(13,005)

(125)

76,099

(73,258)

61,086

EBITDA

5,673,197

(4,589,220)

(29,840,831)

(4,170,413)

(32,598,834)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gigamedia-announces-fourth-quarter-and-full-year-2014-financial-results-300063992.html

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Penny Stocks Research for WINDSTREAM, Fastfunds Financial, ScripsAmerica, OSL Holdings, AVRA, and Cell MedX

PHOENIX, April 10, 2015 /PRNewswire/ — Pennystocksinsiders.com (PSI) released FREE insider trading reports for US market investors to track the following active stocks and penny stocks: WINDSTREAM (OTCMKTS:WSTI), Fastfunds Financial (OTCMKTS:FFFC), Sc…

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Baidu to Report First Quarter 2015 Financial Results on April 29, 2015

BEIJING, April 10, 2015 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the first quarter ended March 31, 2015, after the U.S. market closes on April 29, 2015. Baidu’s management will hold an earnings conference call at 8:00 PM on April 29, 2015, U.S. Eastern Time (8:00 AM on April 30, 2015, Beijing/Hong Kong Time).

Dial-in details for the earnings conference call are as follows:

International:

+65 67239381

China

4006208038

US:

+1 8456750437

UK:

+44-2030598139

Hong Kong:

+852 30186771

Passcode for all regions:

24188456

A replay of the conference call may be accessed by phone at the following number until May 7, 2015:

International:

+61-2-8199-0299

Passcode:

24188456

Additionally, a live and archived webcast of this conference call will be available at http://ir.baidu.com.

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they’re looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.

For investor and media inquiries, please contact:

Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com

Logo – http://photos.prnewswire.com/prnh/20081103/BAIDULOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/baidu-to-report-first-quarter-2015-financial-results-on-april-29-2015-300063395.html

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ChipMOS SCHEDULES FIRST QUARTER 2015 FINANCIAL RESULTS CONFERENCE CALL

HSINCHU, April 10, 2015 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will hold a conference call with investors and analysts at 7:00 p.m. Eastern Time on Monday, May 11, 2015 (7:00 a.m. Taiwan time, Tuesday, May 12, 2015) to discuss its first quarter 2015 financial results and management’s outlook for the second quarter 2015.

The news release announcing the Company’s first quarter 2015 results will be disseminated after the NASDAQ market close on May 11, 2015.

The conference call will be webcast on the investor relations’ section of ChipMOS’ website at www.chipmos.com or may be accessed by dialing +1-201-689-8562 at the scheduled time. The playback will be available 2 hours after the conclusion of the conference call and will be accessible by dialing +1-858-384-5517, with confirmation ID number 13606725.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly and testing services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company’s majority-owned subsidiary, ChipMOS Taiwan, is listed on TWSE under Stock Ticker 8150.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Dr. S.K. Chen

ChipMOS TECHNOLOGIES (Bermuda) LTD.

+886-6-507-7712

s.k._chen@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chipmos-schedules-first-quarter-2015-financial-results-conference-call-300063978.html

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ChipMOS REPORTS MARCH 2015 AND 1Q15 REVENUE

HSINCHU, April 10, 2015 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and testing services (“OSAT”), today reported its unaudited consolidated revenue for the month of March 2015 and for the first quarter ended March 31, 2015.

Revenue for the first quarter of 2015 was NT$5,218.1 million or US$167.0 million, representing a decrease of 10.0% from the fourth quarter of 2014, and an increase of 4.6% from the same period in 2014. This is in-line with the Company’s guidance, which called for revenue to decrease approximately 8% to 12%, as compared to 4Q14. 1Q15 revenue reflects seasonality in LCD driver for small panels and memory products. The Company’s guidance remains unchanged for gross margin on a consolidated basis to be in the range of approximately 21% to 24% for the first quarter of 2015.

Revenue for the month of March 2015 was NT$1,775.2 million or US$56.8 million, an increase of 7.5% from the month of February 2015 and an increase of 2.0% from the same period in 2014. All U.S. figures in this release are based on the exchange rate of NT$31.24 to US$1.00 as of March 31, 2015.

Consolidated Monthly Revenues (Unaudited)

March 2015

February 2015

March 2014

MoM Change

YoY Change

Revenues

(NT$ million)

1,775.2

1,650.7

1,740.0

7.5%

2.0%

Revenues

(US$ million)

56.8

52.8

55.7

7.5%

2.0%

Consolidated Quarterly Revenues (Unaudited)

First Quarter 2015

Fourth Quarter 2014

First Quarter 2014

QoQ Change

YoY Change

Revenues

(NT$ million)

5,218.1

5,796.4

4,989.0

-10.0%

4.6%

Revenues

(US$ million)

167.0

185.5

159.7

-10.0%

4.6%

ChipMOS’ March 2015 consolidated revenues included revenues of ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”), ChipMOS U.S.A., Inc., ThaiLin Semiconductor Corp. and MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly and testing services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company’s majority-owned subsidiary, ChipMOS Taiwan, is listed on the Taiwan Stock Exchange under Stock Ticker 8150.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Dr. S.K. Chen

ChipMOS TECHNOLOGIES (Bermuda) LTD.

+886-6-507-7712

s.k._chen@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chipmos-reports-march-2015-and-1q15-revenue-300063977.html

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CNIT Cloud-Based New Media Display Terminals to be Installed at CBD and Transportation Hubs of Luoyang City

SHENZHEN, China, April 10, 2015 /PRNewswire/ — China Information Technology, Inc. (the “Company” or “CNIT”) (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that the Company signed a strategic agreement with the Luoyang municipal government to install 300 units of the CNIT cloud-based digital display terminals at Central Business District (“CBD”) and transportation hubs of Luoyang City as part of the preparation for the city’s 2015 Annual Peony Festival (the “Festival”), which is held from April 4 to May 5, 2015.

According to the agreement, the Company will install 300 units of its large-scale, cloud-based digital displays at high-traffic venues such as the Peony Festival venues, airports, highs-speed railway stations, bus stops, hotels and department stores. During the month of the Festival, the terminals will broadcast festival highlights, various programs on city sightseeing, sports contests, exhibitions and trade shows, as well as CNIT corporate videos and third-party paid advertisements.

As the sole winner of the naming right to the Festival and host to its opening ceremony, CNIT will benefit from extensive promotion of its corporate logo and videos over a variety of media outlets including Henan Television, Luoyang Television, festival tickets and playbills, and chinapeony.net, lyd.com.cn, and partner sites to the Peony Festival.

“We are pleased to leverage our innovative Cloud-App-Terminal (CAT) new media solutions to promote the prestigious Annual Peony Festival,” said Mr. Jiang Huai Lin, Chairman and CEO of the Company. “Through collaborating with the Festival, we also enhance the influence and reputation of the CNIT brand to a wider audience at home and abroad. Going forward, we plan on working closely with the Luoyang municipal government to roll out our new media solutions in tourism, cultural exchange and media industries. We expect to install up to 20,000 units of CNIT new media terminals in Luoyang city over the next two years and further expand to other major cities.”

Luoyang, the ancient capital of 13 dynasties in China, has thousands of years of historical and cultural heritage. Since 1983, the Annual Luoyang Peony Festival has been selected as one of China’s Intangible Cultural Heritages, and is held each year from April to May. A state-level cultural event that combines cultural exchange, trade shows and tourism, the Festival has evolved into an ideal stage for corporate branding and promotion. Nearly 20 million visitors attended the 2014 Festival. In 2015, China’s internet powerhouse Tencent will develop a tailor-made marketing campaign for Luoyang to promote the Festival to addressable market of up to 1 billion viewers.

About China Information Technology, Inc.

China Information Technology, Inc. (CNIT) is on a mission to make advertising accessible and affordable for businesses of all sizes. CNIT is a leading Internet service company that provides cloud-based platform, exchange, and big data solutions enabling innovation and smart living in the education, health care, new media, finance and transportation sectors. Through continuous innovation, CNIT is leveraging its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For further information, please contact:

China Information Technology, Inc.

Tiffany Pan
Tel: +86-755-8370-4767
Email: IR@chinacnit.com

Grayling
Shiwei Yin
Investor Relations
Tel: +1.646.284.9474
Email: cnit@grayling.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cnit-cloud-based-new-media-display-terminals-to-be-installed-at-cbd-and-transportation-hubs-of-luoyang-city-300063991.html

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Hisense Partners with Infiniti Red Bull Racing Formula One Team

SHANGHAI, April 10, 2015 /PRNewswire/ — Hisense, China’s leading electronics manufacturer, announced today a multi-year partnership with Infiniti Red Bull Racing.

The announcement was made at the Shanghai International Circuit ahead of the Chinese Grand Prix and complements Hisense’s sponsorship programs in the USA with NASCAR, The Australian Open tennis tournament and Schalke 04 football team in Germany.

“Infiniti Red Bull Racing is one of the most successful and most talked about teams in a sport renowned for technology, teamwork and competitiveness,” said Dr. Lin, Executive Vice President of Hisense Company Ltd.  “Like Infiniti Red Bull Racing, we are a proud challenger brand and we continually innovate our best-in-class consumer products to stay ahead of the others.  We look forward to sharing these with the team to help them throughout the season.”

Team Principal, Christian Horner, said: “Everyone associated with Infiniti Red Bull Racing is delighted to welcome Hisense to our team. Their approach to innovation and technological development is impressive and we look forward to our partnership developing as the season unfolds.”

The partnership means Hisense’s cutting edge range of consumer electronics products will be supplied to the team both at track and in the factory.

Hisense has been the No. 1 television manufacturer in China, a position it has maintained for 11 consecutive years. Through this partnership Hisense is looking to become the third most popular global TV brand, one place higher than last year. In 2017, Hisense aims to reach a total revenue of 7.5 billion USD in the overseas market.

Photo – http://photos.prnewswire.com/prnh/20150410/197742  

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