NOR flash revenues down 11.9% in Q1 2007

Global NOR flash revenue decreased to $1.9 bln in Q1 2007, down 11.9% from $2.2 bln in Q4 2006. This compares to an 8% sequential decrease in NOR flash revenue in Q1 2006, which represents a more customary rate of decline during the historically slow first three months of the year. The cumulative revenue for the Top-5 NOR suppliers in Q1 2007 was $1.61 bln, whereas in Q4 2006 it was $1.82 bln, and $1.66 bln in Q1 2006, iSuppli says.