Abit's future is uncertain

Abit has made great motherboards and other computer parts but their financial situation is a lot less bright.

Even a quick glance at the financial information provided by DigiTimes demonstrates the problem. Abit's sales have dropped 96% year-on-year. As of October 31, Abit's net worth had fallen to NT$1.7 billion, down from NT$10.8 billion in November of 2004. Taiwan's security regulatory agency has requested Abit re-file all financial statements from 2003, 2004, and part of 2005; Abit is threatened with delisting from the Taiwan Stock Exchange if it fails to comply.

Read on over at The Tech Report.