Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from [Andy Abrians - Avion Securities].
[Andy Abrians - Avion Securities]
I wonder if you could characterize your customer base during the third quarter. Have you expanded that base? Has the character of that base changed so you’re now working with a broader group of customers or maybe you could just give us some color on how that worked for you during the third quarter?
Kevin Choi
I’ll explain about TV first. In the TV area our customer base, we are not selling our panels to Sony and Samsung and Sharp but except those customers the rest of most of the TV companies are our customers. Out of those customers our side as electronics and their market shares have been growing steadily since last year, so our volume shift to electronics ultimately grows together. But that was some plus to our side.
Also Visio case in the US market, second quarter the business was slower than the first quarter but third quarter their business has been improved. So our shipments have been increased also. All of the Japanese customers business is also improved compared to the second quarter. Some European customers businesses, our position has been growing compared to second quarter. So most of the customers are improving.
In China markets, China local companies there is a big SIM company in China and second quarter their business was impacted by China’s situation like the earthquake. Although the economy situation was poor, global brand in China markets gained market share. But third quarter after the Olympic Games, China’s local companies’ market share has been increased about 10%. As you know we are shipping a big portion to these companies so ultimately our volume shipment has been increased also. That was the TV side information.
Davis Lee
To follow the TV side, I will continue with the IT side. Regarding the IT side, actually there has been no significant change about the customer base but we successfully increased our SIM portion compared to the competitors. The reason behind that is we have product strength if you will aligned with our major customers and also the cost advantage comparativeness that we have over our competitors and the quality of the products and the very intimate customer relationships that we have been maintaining up to this moment, that all contributed to expand our SIM portion compared to our competitors.
- To read the full transcript on Seeking Alpha, click here »
