IC design house MStar Semiconductor saw consolidated revenues slip 12.9% sequentially to NT$8.2 billion (US$268 million) in the fourth quarter of 2010, missing an estimated 5% decrease by market watchers, according to a Chinese-language Commercial Times report.

MStar has reported NT$2.24 billion in December consolidated revenues, up 17.3% on year. Consolidated sales for the fourth quarter of 2010 grew 11.1% from the NT$7.38 billion posted a year earlier.

MStar's consolidated revenues totaled NT$33.63 billion (US$1.07 billion) in 2010, exceeding US$1 billion in revenues for the first time in its history, the company said in a filing with the Taiwan Stock Exchange (TSE).

MStar shares slid the daily 7% limit to close at NT$235.50 on the TSE on January 10. But the price edged up to as high as NT$243 in mid-session trade today (January 11) and closed at NT$239.