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Appeared on: Monday, June 20, 2005
Lite-On IT expects to ship 15 million optical drives in 3Q

Lite-On IT expects to achieve average monthly shipments of five million optical disc drives (ODDs) in the third quarter, up from 4.5 million in the first quarter, according to Taiwan-based institutional investors.

However, despite having a more profitable ODD business than other Taiwan-based makers, as well as TSST (Toshiba-Samsung Storage Technology) and HLDS (Hitachi-LG Data Storage), Lite-On IT is facing a rigorous challenge trying to maintain profit growth, according to chairman Raymond Soong.

The company recently distributed a dividend per share of NT$4.5 in cash and NT$0.5 in stock for its 2004 operation.

From DigiTimes



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