Here's how Venture's 2 new customers will contribute in 2013

A muted business will soon be over for Venture.

Here's more from CIMB:

Venture’s customers remain guarded about 2H’s outlook because of the overall uncertain macro environment. Through our recent conversations, we sense that business so far has been as muted as it was in 2Q12. All product segments are soft with the exception of industrial products, whose sales are still growing at double digits.

According to Venture and our channel checks, maiden shipments to its new customer, Oclaro, could start in 4Q12. As Venture is working closely with the latter to kick-start more new projects, we believe maiden 12-month contributions from Oclaro (which had completed its acquisition of Opnext atend-Jul) will reignite its revenue and profit growth in FY13.

Venture has also started a new working relationship with VeriFone (acquired one of Venture’s main customers, Hypercom, in 2H11), shipping small volumes currently. It hopes to collaborate more closely with VeriFone, which has a much wider product reach than Hypercom.

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