Dialog Semi raises guidance amidst strong demand

Having recently concluded a capital rise and launched a new audio product line, the end of the winning streak does not seem in sight for fabless chip vendor Dialog. The company announced that on top of extraordinary strong sales for smartphone and audio markets, also the demand for automotive products such as motor control devices for power windows, engine cooling motors and similar applications has started to pick up.

As a result of this positive news the company raised its guidance. For Q3 it expects sales of $59 million, for FY2009 of more than $200 million, up 8 percent from the previous sales target. Operative margin is now expected to exceed 10 percent.

As a result of the news, Dialog's stock price jumped 9 percent at the Frankfurt stock exchange. Since its 52-week low in December 2008, the price already had increased by the factor of 9.

Related Links and Articles:

Power management bestows profits on Dialog

Dialog raises capital to fund growth, license technology