Wed, Sep 21, 2005 - Page 11 News List

Asustek says its notebook sales to boom 50% next year

STAFF WRITER , WITH BLOOMBERG

Asustek Computer Inc (華碩), which makes portable computers for clients such as Sony Corp and Apple Computer Inc, said sales of notebooks may climb 50 percent next year, according to analysts.

The company told analysts on Sept. 16 that its sales of notebook computers may rise to 6 million units next year from a projected 4 million this year, Kirk Yang (楊應超), an analyst at Citigroup Inc, wrote in a note on Monday.

Yang maintained a "buy" rating on the stock, with a target price of NT$103 a share in the next 12 months.

Shares of Asustek rose 2.31 percent to NT$84.4 yesterday.

Asustek aims to sell 4.2 million notebook PCs this year to become the world's fourth-largest contract laptop maker, exceeding Inventec Co's (英業達) 4 million units, the Chinese-language Cnyes.com reported yesterday on its Web site, citing Benson Lin (林宗樑), the president of Asustek's Asia-Pacific division.

Quanta Computer Inc (廣達) will remain the world's largest contract laptop maker, with 17.5 million units in shipment, followed by Compal Computer Inc's (仁寶) 10 million units and Wistron Corp's (緯創) 4.86 million units, the report said, without saying where it obtained the information.

Asustek deputy financial director David Chang (張偉明) said the company's management "discussed some internal projections" with analysts, but he declined to confirm the figures quoted in analysts' reports.

Asustek said half of the 6 million notebooks it expects to sell next year may be shipped under its own brand name, up from the 2 million projected for this year, Ellen Tseng (曾雅蘭), an analyst at Morgan Stanley, wrote in a report following the meeting.

Shares of Inventec rose 0.92 percent to NT$16.5, Compal was up 3.78 percent to NT$32.95 and Wistron rose 0.89 percent to NT$34, while Quanta fell 1.34 percent to NT$51.5.

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