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Business Briefs
STAFF WRITER, WITH AGENCIES
Saturday, Sep 20, 2008, Page 11
Chinatrust plans to buy shares
Chinatrust Financial Holding Co (中信金控), owner of Taiwan’s biggest credit-card issuer, said it plans to buy back about 1 percent of its shares.
Chinatrust plans to buy 84 million of its shares at between NT$17 and NT$26 each, from Monday to Nov. 21, the Taipei-based company said in a filing to the Taiwan Stock Exchange yesterday. The stock surged 6.7 percent to close at NT$15.85.
Wistron ready to talk to Dell
Wistron Corp (緯創), the world’s third-largest contract manufacturer of notebook computers, said it would be open to begin negotiations to buy production facilities from Dell Inc.
“If Dell is interested in talking to Wistron, then Wistron would be willing to enter discussions” about factory purchases, said Joyce Chou (周文玲), a spokeswoman for Wistron, confirming comments by chairman Simon Lin (林憲銘) on Thursday. “We won’t give up any investment opportunity.”
The Chinese-language Economic Daily News yesterday reported that Lin said he was interested in talking with Dell about purchasing the US company’s factories.
Dell plans to sell factories and has approached manufacturers about a deal, the Wall Street Journal reported on Sept. 5, citing people familiar with the matter.
Government sells bonds
The government sold NT$40 billion (US$1.2 billion) in 10-year bonds at a yield of 2.243 percent, lower than the rate of return at the last sale of comparable debt.
The yield in the previous sale in June was 2.716 percent. The latest auction drew bids equal to 1.33 times the debt on offer, compared with 1.22 times at the last auction, a central bank statement said.
Phone firm sees stability
Deutsche Telekom AG, Europe’s biggest telephone company and the owner of T-Mobile, said the domestic wireless market may stabilize and even grow as the company bets on mobile data to spur growth.
“There’s still a lot of room when it comes to mobile usage in Germany,” Philipp Humm, who runs the company’s T-Mobile Germany wireless unit, said in an interview.
The company said on Thursday it will start subsidizing notebooks like mobile phones this year to boost data revenue.
T-Mobile will start reselling Acer Inc’s (宏碁) Aspire One notebook for 1 euro in November to users signing up for a 24-month contract, the company said on Thursday. Notebooks from LG Electronics Inc and Taiwan’s Asustek Computer Inc (華碩) will also be available.
WiMAX share set to grow
Taiwan’s WiMAX customer premises equipment (CPE) industry global market share is estimated to reach 40 percent next year thanks to the growing performance of the WiMAX service, a senior market analyst said.
Chang Chi (張奇), a senior industry analyst of the Market Intelligence Center (MIC, 資訊市場情報中心), made the forecast at a seminar in Tokyo on Thursday.
CPE is equipment installed at customers’ sites to connect them to service providers’ networks. Chang said the shipment volume of Taiwan’s CPE industry for this year is expected to hit 1.04 million units, and that the projection for next year is 2.92 million units.
NT dollar declines again
The New Taiwan dollar declined for a ninth week as global financial turmoil prompted overseas investors to pull funds out of emerging markets.
The NT dollar rose 0.2 percent yesterday but fell 0.4 percent this week to NT$32.158 per US dollar, according to Taipei Forex Inc. The local currency has dropped 4.9 percent since the beginning of last month.
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