Abit's future is uncertain

Posted on Friday, December 30 2005 @ 3:48 CET by Thomas De Maesschalck
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.

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