Wed, Aug 01, 2007 - Page 11 News List

Business Briefs


Asustek aiming higher

Asustek Computer Inc (華碩電腦), the world's biggest motherboard maker, yesterday said it aimed to sell 30 percent more own-brand laptop computers during the annual computer applications show in Taipei.

Asustek aimed to sell between 91,000 and 100,000 PCs this year, up from 7,000 to 8,000 units last year, Benson Lin (林宗樑), general manager of Asustek's Asia-Pacific division, told reporters yesterday.

The company hoped to increase PC sales by 30 percent annually in Taiwan, Lin said.

The Taipei Computer Applications Show will be held from tomorrow through Monday at Taipei World Trade Center Exhibition Hall 1.

Merrill Lynch smiles on Media

Investment research firm Merrill Lynch yesterday raised the target price of Mediatek Inc (聯發科) to NT$700 (US$21.27), up 13 percent, from NT$619 amid expectations that the chip designer will project a positive outlook for the third quarter at tomorrow's shareholder meeting.

"We are continuously surprised by Mediatek's solid execution and the company keeps delivering positive feedback on its new products such as Bluetooth, Wifi and GPS," Merrill Lynch said in a report released yesterday.

Merrill Lynch expects Mediatek, the world's biggest chipmaker of DVD recorders, to lead revenue growth of 15 percent to 20 percent for the third quarter on strong demand from China's handset market.

China Motor ships to Mexico

China Motor Corp (中華汽車), the nation's second-largest automaker, shipped 200 units of Delica vans to Mexico on Saturday, marking the company's latest batch of exported vehicles. Mexican drivers will be able to take a ride in the vans at the end of this month, China Motor said in a statement Monday.

China Motor has received an order to produce a total of 2,400 Delica vans by December, it said.

The deal calls for at least 4,000 units to be made each year starting from next year, making it the largest ever export project for China Motor, according to the statement.

In addition to Delica, the carmaker is talking to Chrysler Group over local assembling of other models in a bid to utilize production capacity and boost profits in view of sluggish local sales.

Nien Made receives buyout offer

Nien Made Enterprise Co (億豐), a Taiwanese maker of blinds and shutters, said it received a NT$18 billion (US$549 million) buyout offer.

Nien Made, whose share price surged 28 percent this month, said Global Viewcomp Holdings BV offered to take over the company for NT$41.28 per share, 14 percent higher than the closing price yesterday, according to a statement to the Taiwan stock exchange. It didn't disclose information about the bidder.

CVC Asia Pacific Ltd, owned by London-based buyout fund CVC Capital Partners and New York-based Citigroup Inc, has teamed up with Nien Made's management to make the offer through Global Viewcomp, two people familiar with the matter said.

Citigroup Inc is advising CVC on the transaction, they said, declining to be named because of a confidentiality agreement.

Nien Made's Taichung-based vice president, Michael Nien, couldn't be reached for comment. James Griffiths, Citigroup's Hong Kong-based spokesman, declined to comment.

The offer will be open until Sept. 18. The stock rose 7 percent yesterday to NT$38.85.

The first-quarter profit for Nien Made rose 23 percent to NT$326.5 million.

This story has been viewed 3939 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top