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Abit is "financially fine"

Statement: we feel good
Tue Dec 28 2004, 05:18
WE MANAGED to talk to Abit and we have finally gotten its answer on earlier financial allegations. We read that, financially, the company is not doing so well.

Abit denied all of those claims and said that it stands by its financial reports. The company is ready to clear things out for the Taiwan Stock Exchange in order to help it better understand some financial transactions that it made in 2004.

The company claims that Abit has experienced rapid growth this year, with sales revenues increasing 77% to a total of US$558,000,0000 for the first 11 months.

Abit moved from one of the top ten to one of the top five motherboard manufacturers, it said. The company is looking forward to a "good" 2005 and it wants to be one of the most transparent company in the Taiex bourse. "We have nothing to hide" is its key message and "of course we feel good". µ


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