January sales varied, reflecting customer differences
Touch panel makers reported January sales that showed diverging
performance. Those touch panel makers that already mass produce tablet
saw higher revenue decline ahead of new tablet launches.  J-touch
experienced the biggest decline mom due to order cuts from Samsung.
Cando, as a new tablet supplier, appear to be gaining momentum over
main rival, Sintek, due to production yield improvement and new tablet
customers. We believe these trends suggest that touch panel makers in
general are not solution providers yet and that their growth outlook is
subject to customers’ design changes.  We expect greater visibility for
share price momentum after the new tablet launches.