Compal and Inventec posted lucrative operations in October
Nov 15, 2005
Compal Electronics Inc. and Inventec Corp., two major contract makers of notebook PCs in Taiwan, reported lucrative operating results for October, with the former's revenue for the month hitting the year's high of NT$21.14 billion (US$627.3 million at US$1: NT$33.7) and the latter's reaching a record high of NT$16.94 billion (US$502.67 million). Due to strong market demand in the fourth quarter, Inventec has won increased contract orders from HP and Toshiba. The firm's revenue of NT$16.94 billion for October represented a 50% increase over one year earlier, and its accumulated revenue of NT$129.1 billion (US$3.83 billion) for the first 10 months posted an annual rise of 18.9%. Inventec has recently won contract orders from Acer Inc. of Taiwan and is scheduled to begin shipment in the first quarter next year. Compal said that its October revenue (up 15.2% from September, but down 8.5% from the same month of last year) is the highest record this year. Compal reported that it had accumulated revenue of NT$178.6 billion (US$5.3 billion) in the first 10 months, up about 5% from the same period of last year. Compal pointed out that it shipped about 900,000 notebook PCs, 360,000 multimedia devices, and 285,000 personal communication products in October. As the budget-price notebook PCs are rapidly gaining popularity, Compal recently projected an 8% quarterly shipment growth in the fourth quarter. Industry sources attributed Compal's optimistic forecasts to the firm having won orders from both original and new customers. As Intel Corp. would push the new NAPA notebook PC platform next year, the sources added, the demand volume is expected to rise further. Currently, Inventec's major contract customers are Hewlett Packard Co. (HPQ) and Toshiba. The Taiwan-based company expects to ship about four million notebook PCs this year, and aims to boost its annual shipment to five million units in 2006. source & copyright: CENS
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