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Sat, Dec 23, 2000 - Page 18 News List

Zyxel stands apart with forecast

TELECOMS As investors become increasingly attuned to warnings of industry slowdowns and missed profit targets, the network equipment supplier is bucking the trend by standing out as a high-growth company

By Thomas Ker  /  CONTRIBUTING REPORTER

But while next year's prospects look promising, the company's recent change of president and the fact that the world's biggest telecom players tend to be the less efficient state-owned or only partly privatized were issues of concern, analysts said.

Fang Shin-jou (方新舟), the former president, stepped down at the beginning of December for "personal reasons," the company said in a statement. Chu Shun-I (朱順一), the founder of Zyxel Communications in 1989, replaced Fang as president.

Zyxel repeated at the investors meeting that Fang had left for personal reasons and would not be taking any engineers or personnel from Zyxel's research and development team with him.

"There's a rumor that some of the engineers will leave to found a new company with the old president," said Elise Tung. For a company that prides itself on its technology development and investment in research and design, "That's a concern," said Tung.

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