Abit adjusts projected motherboards shipments upward to 3.6 million

Posted on Thursday, April 15 2004 @ 11:36 CEST by Thomas De Maesschalck
Abit has changed the amount of projected motherboard shipments upward to 3.6 million from 3.2 million units previously. Last year they shipped 2.1 million motherboards.

During the first quarter of this year Abit roughly shipped 670,000 motherboards, a 60% increase over last year.
At an investors conference on April 26, Abit will provide more details about its annual shipments target, as well as future development plans for motherboards, barebone systems, and graphics cards, said company chairman Remond Lu.

Including its subsidiaries, Hong Kong-based Timerwell International and Taiwan-based Timerwell Technology, Abit is expected to generate consolidated revenues of NT$33-NT$36 billion in 2004, up more than 65% from NT$20 billion in 2003, according to company sources.

Abit also projects pre-tax profits of approximately NT$1.7 billion this year, including NT$900 million from its motherboard business and NT$750 million from investments, said the sources.
Abit also said that they are aiming to ship 4.5 million units in 2005.

Source: DigiTimes

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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