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Quanta is Optimistic About the Future, But Takes a Hit This Quarter on FOREX

Taiwan’s biggest ODM had a flat quarter, but expects things to pick up going forward into the next quarter. Quanta counts the who’s-who of PC manufacturers as its clients, including Hewlett Packard, Asus, and Apple. Quanta Computer posted second quarter profit of $135.69 million, which was slightly lower than what analysts expected. During the same quarter last year profit came in at $134 million. Sequentially, Quanta’s profit increased 49% from the previous quarter’s income of $96.5 million. However, Quanta did take a hit on foreign exchange rates due to a relatively strong New Taiwan Dollar compared to the US dollar. The company reported that approximately