With the launch of the Windows 8 operating system by Microsoft Corp, shares of the US company’s Taiwanese partners, including PC vendor Asustek Computer Inc (華碩電腦) and contract notebook computer maker Quanta Computer Inc (廣達電腦), scored significant share gains yesterday, dealers said.
Shares of Asustek gained 2.39 percent to close at NT$300 and Quanta rose 5.57 percent to end at NT$68.20, while the benchmark TAIEX was up 0.61 percent at 9,046.28 points, Taiwan Stock Exchange data showed.
Microsoft debuted Windows 8 on Thursday at Computex Taipei, the world’s second-largest computer fair. The company’s vice president, Mike Angiulo, displayed the operating system on tablet, notebook and desktop computers made by manufacturers such as Asustek, Quanta, Dell Inc, Samsung Electronics Co and Hewlett-Packard Co.
Photo: Chen Ping-hung, Taipei Times
Investors in Taiwan have high hopes that the new Microsoft operating system will help challenge Apple’s iPads in the global market and will boost the profitability of Microsoft’s local partners, dealers said.
“The Windows 8 operating system integrates the functions of tablet and notebook computers. Many investors are hoping this integration will be well received by consumers and will put the product in fierce competition with iPads,” MasterLink Securities (元富證券) analyst Tom Tang said.
“The current buying in Asustek and Quanta clearly shows optimism, in particular after Microsoft chose to preview the new product at Computex,” Tang said.
Tang said the gains appeared particularly significant in light of Thursday’s sell-off in the local bellwether electronics sector after a plunge on Wall Street. Foreign institutional investors were probably short-covering the stocks, he said.
As shares of Acer Inc (宏碁), one of the world’s leading PC vendors, were seriously hit by a massive write-off to clear inventory and disputed accounts receivable in its Europe, Middle East and -Africa -operations, funds are shifting to safe havens like Asustek and Quanta, he said.
Quanta shares were also boosted by the company’s recent disposal of its remaining 1.4 percent stake in battery maker Simplo Technology Co (新普科技), which will enable the company to book NT$682 million in gains, dealers said.
For Quanta, Tang said, some foreign institutional investors have issued a target price of as much as NT$80 on an optimistic earnings outlook. They are also upbeat about the company’s efforts to develop cloud computing technology, he said.
Goldman Sachs said in a report yesterday that it prefers Quanta over rival Compal Electronics Inc (仁寶電腦), citing the former’s continuing growth momentum driven by Apple notebook -computer orders and cloud computing products.
Acer extended its losses from the previous session, dropping 2.31 percent to NT$50.70, while Compal fell 1.01 percent to NT$34.15, the stock exchange’s data showed.
Additional reporting by staff writer
MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it plans to double investment in data center-related technologies, including advanced packaging and high-speed interconnect technologies, to broaden the new business’ customer and service portfolios. The chip designer is redirecting its resources to data centers, mainly designing application-specific integrated circuits (ASIC) with artificial intelligence (AI) capabilities for cloud service providers. The data center business is forecast to lead growth in the next three years and become the company’s second-biggest revenue source, replacing chips used in smart devices, MediaTek president Joe Chen (陳冠州) told a media event in Taipei. “Three or four years
CHIP HANG-UP: Surging memorychip prices would deal a blow to smartphone sales this year, potentially hindering one of MediaTek’s biggest sources of revenue MediaTek Inc (聯發科), the world’s biggest smartphone chip designer, yesterday said its new artificial intelligence (AI) chips used in data centers are to account for 20 percent of its total revenue next year, as cloud service providers race to deploy AI infrastructure to meet voracious demand. MediaTek is believed to be developing tensor processing units for Google, which are used in AI applications. While it did not confirm such reports, MediaTek said its new application-specific IC (ASIC) business would be a new growth engine for the company. It again hiked its forecast for the addressable ASIC market to US$70 billion by 2028, compared
Until US President Donald Trump’s return a year ago, when the EU talked about cutting economic dependency on foreign powers — it was understood to mean China, but now Brussels has US tech in its sights. As Trump ramps up his threats — from strong-arming Europe on trade to pushing to seize Greenland — concern has grown that the unpredictable leader could, should he so wish, plunge the bloc into digital darkness. Since Trump’s Greenland climbdown, top officials have stepped up warnings that the EU is dangerously exposed to geopolitical shocks and must work toward strategic independence — in defense, energy and
Motorists ride past a mural along a street in Varanasi, India, yesterday.
RSS