A computer components & hardware forum. HardwareBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » HardwareBanter forum » General Hardware & Peripherals » General
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

PC Chips takes over Soyo



 
 
Thread Tools Display Modes
  #1  
Old August 7th 04, 03:45 AM
Ablang
external usenet poster
 
Posts: n/a
Default PC Chips takes over Soyo

PC Chips takes over Soyo; more second-tier mobo makers to fall prey

Emma Wang, Taipei; Steve Shen, DigiTimes.com [Monday 2 August 2004]

As second-tier motherboard makers continue to lose money, they are expected to
increasingly fall prey to takeovers by investors or be forced out of the market
in the second half of the year, as seen by the recent takeover of Soyo Computer
by members of the Taiwan-based PC Chips Group, according to sources at the
makers.

A number of investors representing China-based “Leng Teng” (transliterated
from Chinese) Electronics, a member of the PC Chips Group, recently bought a
majority stake of Soyo’s NT$390 million capital expansion plan through a
private placement, the sources said.

Soyo completely reshuffled its board of directors and supervisors following the
capital expansion in July, with personnel related to PC Chips taking a majority
of seats on the board, according to sources at Soyo.

PC Chips was founded by Johnson Chiang, chairman of Elitegroup Computer Systems
(ECS). However, ECS said that the company had nothing to do with Soyo’s
takeover.

In addition, Soyo recently told its shareholders that in the near future it
plans to expand its product mix to include computer connectors and heat
dissipation modules, which happen to be the core products of Leng Teng.

Soyo is expected to register pre-tax losses of NT$120 million, or NT$1.23 per
share, in the first half of this year, although the company’s first-half
shipments of 300,000 motherboards equaled the full year total from last year,
according to a DigiTimes report.

Leng Teng produces electrical connector products using technology licensed from
Tyco Electronics.

http://www.digitimes.com/news/a20040802A1001.html

==
"Every man is a damn fool for at least five minutes every day; wisdom
consists of not exceeding the limits." -- Elbert Hubbard
 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why would adding 2 new chips of memory cause Win XP Pro Not to Boot? [email protected] General 18 February 19th 04 02:41 AM
BIOS CHIPS : New Replacement Bios Chips or Re - Flash iCE Flashing iNC General 0 December 12th 03 10:06 PM
Buying Kingston RAM chips... Wald General 7 December 6th 03 05:56 AM
Is there an applet that will tell you a chip's serial? Perdita X. Dream General 1 October 21st 03 08:24 AM
BIOS CHIPS : New Replacement Bios Chips or re-flash [email protected] General 0 October 12th 03 09:46 PM


All times are GMT +1. The time now is 08:32 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright 2004-2024 HardwareBanter.
The comments are property of their posters.