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Wednesday, December 01, 2010

Anteryon Shows Profits but its IPO Delayed

BNR quotes Reuters saying that Anterion initially aimed at an IPO in the third quarter of this year. Early next year it must be clear how soon that step can be realized. Partly to the poor stock market climate, the company has decided to attract a strategic investor - Qualcomm.

Meanwhile, this year for the first time since its separation from Philips in 2006 Anteryon has shown profits on a turnover of around 20M euros. The company expects that sales will grow next year. Anteryon supplies its wafer level lenses to all major mobile phone brands including Nokia, Samsung and Motorola.

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