TAIEX rebounds, turnover slim
The TAIEX staged a rebound yesterday on liquidity-driven buying, but turnover remained thin as investors preferred to stay on the sidelines ahead of the release of earnings on Wall Street by giants such as Apple Inc and Microsoft Corp, dealers said.
Select large-cap electronics stocks attracted market attention on relatively low valuations, while certain shares in the traditional industrial sector posted gains on hopes that domestic demand in China will accelerate.
The weighted index closed up 34.18 points, or 0.44 percent, at 7,759.10, on turnover of NT$59.26 billion (US$2.04 billion).
HTC, Apple may go low end
US tech giant Apple Inc and Taiwan smartphone maker HTC Corp (宏達電) could be preparing to unveil medium and low-end models, Deutsche Securities forcast yesterday.
With competition among medium and low-end smartphones becoming fiercer, product cycles have been shortened to nine or 10 months, down from the original one-year cycle. The possibility of low-end iPhone models cannot be ruled out, Deutsche said.
HTC could unveil its flagship M7 at the Mobile World Congress in Barcelona, Spain, next month, Deutsch said, adding that it believes the M7 brand could be expanded to seven low, medium and high end models.
NARL launches consortium
The National Applied Research Laboratories (NARL) yesterday launched a platform to promote nanotechnology in the private and academic sectors, the organizers said.
“The Nano Device Consortium can act as an innovation bridge between industry and academia, reducing the gap between them,” NARL vice president Chyi Jen-inn (綦振瀛) said at the launch ceremony.
Taiwan is already good at producing nanotechnology materials used in semiconductor manufacturing, but further advances can be made, he added.
The consortium will share facilities at the NARL’s National Nano Device Laboratories in Hsinchu, organizers said.
Acer’s market share drops
Acer Inc (宏碁) last year maintained its ranking as the second-biggest PC vendor in the Asia-Pacific region in terms of market share, a US-based research firm, IDC, said.
Acer lost ground to Lenovo Group Ltd (聯想), the top-ranked vendor in the region, IDC said in a report on Friday.
Acer’s market share dropped from 11.1 percent in 2011 to 10.1 percent last year, while Lenovo recorded an annual increase from 21.8 percent to 24.6 percent.
In third and fourth place were Hewlett-Packard Co and Dell Inc, respectively, while Asustek Computer Inc (華碩) was ranked fifth, the report said.
Panama to give seminar
Diana Salazar Fong, an official of the Panamaonian Ministry of Commerce and Industry, is scheduled to introduce investment opportunities for Taiwanese businesses in Panama at a seminar in Taipei today, the Ministry of Foreign Affairs said on Monday.
Salazar will brief participants on the progress of Panama’s negotiations with other countries on free-trade agreements, the foreign ministry said.
Taiwan established a free-trade agreement with Panama in 2004 and the value of bilateral trade in 2011 was US$240.32 million.
NT$ down against greenback
The New Taiwan dollar moved lower against the US dollar yesterday, declining NT$0.025 to close at NT$29.095.
Turnover totaled US$639 million during the trading session.