Rakon downgrades guidance as inventory and 5G issues linger
Telco and Positioning segments suffer but products for Space & Defence and AI industries find favour.
Rakon's headquarters and production facility is at Mount Wellington in Auckland.
Rakon has downgraded its full-year underlying earnings guidance after the ‘inventory correction’ that it has referred to for several periods continues to bite, while global telecommunications operators also defer parts of their 5G roll-out.
The NZX-listed oscillator manufacturer said underlying
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