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.

About the Author

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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