VIA Technologies, a company that used to be the number one chipset designer on the planet three years ago, reported its sales results for April 2003 as well as consolidated financial results for the Q4 2002 and Q1 2003. Needless to say that we should not expect sales growth right after the company settled its legal dispute with Intel last month, in April its results were still unsatisfactory. Apparently, the company has been terribly unprofitable and has lost quite a lot of money because of numerous factors.

VIA’s net sales for April 2003 were $49.74 million approximately, roughly15% lower compared to the last year’s figure and also 7.7% decline over March's revenue of $53.86 million.

The company’s net sales for the fourth quarter of 2002 and the first quarter of 2003 were $191.44 million and $166.32 million respectively. Losses for the described periods were $22.29 and $18.61 million respectively because of continued pressure on gross margins, inventory write-offs, investment losses, and legal expenses, according to VIA.

Definitely VIA is not a prosperous company now, however, its prospects are not bad at all. Given its rather competitive products (see this, this, this and this news-stories), rather broad product portfolio and absence of any legal disputes with Intel, the Taipei-based chipset designer may improve its financial results eventually. The only concern is that it will hardly happen in short-term future because of overall market situation.