AU Optronics may profit
AU Optronics Corp (友達光電), the world's No. 3 maker of flat-panel displays, may post a third-quarter profit compared with a year-ago loss. It may forecast a fourth-quarter loss because of weaker prices and demand.
Earnings were pared after screen prices fell by a quarter from July to September.
AU Optronics' third-quarter net income was probably NT$1.1 billion (US$31.6 million), based on the average of estimates of five analysts surveyed. The company, which will reports earnings Wednesday afternoon, posted a NT$2.7 billion loss in the same period a year ago.
"Customers are still accumulating inventory," said Debbie Wu, an analyst with Yuanta Core Pacific Securities, who rates the shares "market perform."
TaipeiBank holds jackpot
TaipeiBank (台北銀行) plans to kick off three winning opportunities of a potential double jackpot in November, celebrating its lottery sales exceeding NT$20 billion.
The so-called super jackpot can be won during any three of eight draws between November 1 and 26 when the draw's seventh extra number is bigger than the other six lucky numbers, the bank's vice president Richard Yang (楊瑞東) said yesterday.
For example, 04, 36, 23, 19, 05, 33 are picked to be the first six winning numbers at one particular draw. If the extra seventh number is drawn to be bigger than 36, there'll be the super jackpot winner(s) at that draw.
Compal recalls products
Compal Electronics Inc (仁寶電腦), Taiwan's second-largest notebook-computer maker, said it's recalling 10,000 hand-held computers because they were found to have defective components.
The batteries in the computers didn't fully charge because of the defective part, causing some of the data stored on the machines to disappear, Compal said in a statement. Compal said it has resolved the problem.
EVA readies share sale
EVA Airways Corp (長榮航空), Taiwan's second-largest airline, plans to sell NT$2.3 billion (US$66 million) of new shares to local investors in a rights offer to repay debt.
The airline will sell 220 million shares for NT$10.50 each, a 25 percent discount compared with the stock's closing price of NT$14 yesterday, EVA saidt.
CETRA plans symposium
The China External Trade Develop-ment Council (CETRA) is organizing a symposium on operational strategies of multinational corporations doing business in China, to be held in Taipei Nov. 5.
The executive editors of the online publications Business China and China Hand -- two research units of the UK Economist Group -- have been invited to be lecturers at the symposium, CETRA said.
Margaret Dooley, executive editor of Business China, will speak on business strategies of multinational enterprises, while Elizabeth Cheng, an executive editor for China Hand, will lecture on investment opportunities and risks in China.
The symposium is aimed to help local companies know better the business strategies of multinational enterprises operating across the Taiwan Strait, CETRA officials said.
Yen brings the NT down
The New Taiwan dollar fell yesterday after the yen turned weaker against the US dollar. The NT fell NT$0.031 against the greenback to close at NT$34.926.
Staff writer, with agencies
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