Wed, Dec 13, 2006 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ Shares down sharply

Shares closed sharply lower yesterday, falling 2.02 percent on heavy profit-taking by foreign investors after recent gains, dealers said.

The TAIEX lost 153.56 points to finish at 7,458.56, on turnover of NT$126.41 billion (US$4.0 billion).

Stock decliners outnumbered gainers 1,035 to 236, with 127 stocks unchanged.

■ High Tech to launches buyback

High Tech Computer Corp (HTC, 宏達電), the world's largest maker of handsets running Microsoft Corp's operating system, yesterday said it planned to launch a maximum NT$4 billion share buyback over the next 45 days.

That marked the first share buyback the company has embarked upon in the last three years.

HTC said it planned to repurchase 5 million shares, or 1.15 percent of its total shares outstanding, at a price between NT$601 and NT$800 each, it said in a filing to the Taiwan Stock Exchange.

■ EVA introduces text service

EVA Airways Corp (長榮航空), Taiwan's second largest airline, announced yesterday that passengers flying on the company's Airbus 330-200 and Boeing 777-300ER jets will be able to send and receive text messages.

The text message service is integrated into the inflight entertainment system that allows passengers to send messages to e-mail accounts or cellphone numbers at US$1.50 per message, the carrier said in a statement yesterday.

Return messages will also cost US$1.50 to read, EVA Airways said.

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