A sharp contraction in gross margin sent net income down by more than half to TWD 498.9 million (15.5 mm) in the third quarter from TWD 1,102.7 million, but sales finally turned positive, growing 5% to TWD 20,457.7 million ($635.3 mm) from TWD 19,517.3 million. In Q3 last year, revenues had tumbled 25%. Inventory levels at retailers in North America and Europe continue to decline towards normal levels, but the dealers are remaining very conservative in their orders, largely due to soft consumer demand. China has been a bright spot all ... Log in to view full article.