Thu, Jun 07, 2007 - Page 11 News List

Business Briefs

STAFF WRITER, WITH AGENCIES

Shares at seven-year high

Shares closed up 0.13 percent yesterday at a seven year-high, led by recent capital inflows and gains on Chinese markets, dealers said.

The TAIEX closed up 10.69 points at a new near seven-year high of 8,314.68, the highest level since the 8,411.88 points posted on July 19, 2000.

The market traded in a range between 8,313.59 and 8,376.97 on turnover of NT$168.01 billion (US$5.09 billion).

On the foreign exchange market, the New Taiwan dollar fell NT$0.009 to close at NT$33.021 against its US counterpart.

Turnover was US$850 million on the Taipei Forex Inc.

AUO releases new panel

AU Optronics Corp (AUO, 友達光電) yesterday unveiled the nation's first 65-inch full high-density 120Hz liquid-crystal-display (LCD) TV panel, which claims to possess cathode-ray tube and plasma-like image quality in motion picture response time.

In a release issued yesterday, AUO said it would debut its 65-inch panel at Display Taiwan 2007 at the Taipei World Trade Center between June 13 and June 15.

Sharp sues HannStar

Sharp Corp, the world's largest maker of LCD televisions, has sued HannStar Display Corp (瀚宇彩晶), claiming infringement of four patents covering LCD technology.

HannStar was using Sharp's inventions without permission and should be ordered to stop, Sharp said in a complaint filed today in federal court in Marshall, Texas. Sharp also asked the court to award cash compensation.

Sharp reached a technology licensing deal with Hannstar in January 2003 covering LCD panels. The deal expired on Dec. 31, and HannStar failed to pay due licensing fees, Sharp said.

HK buoyant, Taiwan not

Hong Kong's consumer confidence is at its highest point since 2005 and ranks fifth among 47 markets surveyed worldwide, according to an Internet poll by the Nielsen Company.

Indian consumers feel most confident, followed by those in Norway, Denmark, New Zealand and Hong Kong. The majority of consumers feel pessimistic about their financial state with consumer confidence in 35 of 47 markets falling, Nielsen said. The least confident consumers live in Europe, South Korea, Japan and Taiwan.

Quanta may beat prediction

Quanta Computer Inc (廣達電腦), the world's largest maker of notebook computers, said laptop shipments this year will probably rise more than the Taiwanese firm had forecast.

The company is aiming to increase shipments 50 percent this year, said Jason Lin (林群傑), head of investor relations at Taoyuan-based Quanta, confirming an earlier Reuters report. The company is "extremely confident" it will meet its 30 percent shipment growth forecast, he said.

Quanta said on April 26 that it expects to ship 25 million notebooks this year, up from 19.2 million last year.

CMC turns to bonds

CMC Magnetics Corp (中環), the world's biggest maker of recordable DVD discs, raised US$75 million from a private placement of convertible bonds after failing to get regulatory approval for a public sale, according to a sale document sent to investors.

Investors can convert five-year, zero-coupon securities for CMC shares at NT$11.37 apiece, 14 percent higher than Tuesday's closing price, the document said.

CMC is raising funds to buy raw materials overseas. The Taipei-based company has twice failed to get consent from the financial regulator to sell convertible bonds publicly.

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