HI-P

HI-P: Grp is guiding that 2013 will be better then 2012. For this yr, it is saying that 1Q will see a loss while 2H, an improvement leading to a full-year increase in profit and rev vs 2012. Grp note that with the recent BlackBerry 10 launch, from market reports grp is seeing positive signs for RIM and the coming launch in North America will be critical for them. HI-P has also been receiving very good feedback and seeing volume picking up and RIM is discussing with the co. to increase capacity. Add that the mobile phone business is volatile and grp is lucky that when one customer goes down, another goes up. Traditionally, Q1 is a low seasons, and the industry is facing tough pricing pressure, but expect RIM ti be back much stronger in 2Q. For Q3 and Q4, some new customers' projects will start mass production. So those will be much stronger quarters.