Asia
ADATA Technology Clarifies Report on Earnings Outlook
ADATA Technology (TWO:3260) clarified a media report on its memory market outlook and earnings projections, saying it does not provide financial forecasts.The clarification came after the Economic Daily News, citing institutional investors, reported that the company was optimistic about the memory market outlook, with DRAM and NAND prices rising about 50% in the second quarter.The report also projected the company's full-year earnings per share to reach NT$131.4.ADATA Technology said official financial and business information will be disclosed through the Market Observation Post System (MOPS).
TWO:3260
