Kingston Announces 2008 Revenues – $4.0 Billion
Kingston Technology Corporation today announced that in 2008, it achieved a record 41-percent increase in total memory units shipped over 2007 volume. Despite oversupply, average selling price erosion and a weakened global economy contributing to a down year in the memory industry, Kingston gained significant market share in both DRAM and Flash memory. The companys global sales totaled $4.0 billion U.S., a $500 million decrease from record-setting revenues in 2007. The press release is worth a read as are David Sun’s comments on the state of the industry. Even with the slowing economy Mr. Sun states that things will work out fine and I’d have to agree with him on that. It’s great to see an owner of a huge company say that everything is going to be okay. If only our President and other leaders would deliver messages with the same forward looking comments.
We have always focused on improving efficiency but weve had to sharpen that focus during this tough time, said David Sun, co-founder, Kingston. The storm is not over yet, but we will be alright moving ahead. Since our employees are as determined as John and I, and we have the continued support of our partners, vendors and customers, we know things will work out just fine.
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