Sunday, November 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Intel-Micron 3D NAND To Have 32 Layers, 256Gb Per Die
Intel To Release Chromecast-like Thumb-sized PCs
Google Contributor Lets You Pay And And See No Ads In Your Favorite Sites
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 Home > News > Optical Storage > Lite-On...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 12, 2002
Lite-On Technology merger may increase foreign equities interest on the stock


Lite-On Technology's increased size after merging with three other Lite-On group companies will better position it to tap the international equities market, according to the merger's lead adviser. Announced June 10, the merger combines monitor and PC system manufacturer Lite-On Technology, power supply maker Lite-On Electronics, mobile phone maker GVC and PC peripheral maker Silitek. Lite-On Technology will be the surviving company.

Lite-On said it expects to reap cost savings to the tune of NT$3 billion a year from consolidated procurement. The enlarged economies of scale in operations will also mean firmer profits as revenues accelerate, which the company predicts will grow at 30% annually to NT$450 billion in 2004.

Y.T. Du, chairman of Salomon Smith Barney in Taiwan, which advised Lite-On on the deal, said the merged company's share capital, at NT$19.1 billion, will increase foreign equities interest in the stock in a step forward to become a world-class company. Its post-merger market capitalization, at NT$103.5 billion, makes it Taiwan's third-largest IT company.

In the past, the small share capital of Lite-On Electronics had discouraged some fund managers from building sizable positions in the stock despite the company's strong balance sheet and decent growth prospects.

However, other analysts have expressed skepticism about the deal, citing the cross-holdings of Lite-On group companies and lack of transparency in their financial dealings. They also questioned Lite-On's cost-cutting targets, as the group's member companies had long done part of their procurement together.

On June 11, shares of the Lite-On Group's four companies fell their 7% daily limit on heavy selling by local brokerage firms.


Previous
Next
Distributors and OEM clients holding off on purchases will hurt June sales for optical drive makers        All News        Distributors and OEM clients holding off on purchases will hurt June sales for optical drive makers
Distributors and OEM clients holding off on purchases will hurt June sales for optical drive makers     Optical Storage News      Distributors and OEM clients holding off on purchases will hurt June sales for optical drive makers

Get RSS feed Easy Print E-Mail this Message

Related News
Lite-ON to Debut M.2 PCIe Gen 2x4 Enterprise SSD
Lite-On Sees Further Growth in 2Q13 Revenues
Lite-On Technology to Acquire Lite-On IT
Lite-On Eyes Revenue Growth in Q4
Lite-On E200 SSD Coming In The U.K.
Lite-On Unveils Solid State Drives and MyDisk Software Suite
LiteOn To Make SSDs For Toshiba
LiteOn Runs Design Competition For Slim DVD writer
Lite-On Introduces 6x external slim Blu-ray COMBO
Lite-On Europe Contest Available on Facebook
Lite-On May Unseat Quanta Storage as No.3 Player in Slim Optical Disc Drives
LiteOn Adds Style to eNAU608 Slim-type DVD Burner With Interchangeable Covers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .