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Abit Not Doing Too Well

by Maarten Goldstein, Dec 29, 2005 7:26am PST
Related Topics – Hardware (PC only)

Tech Report has a story up about the financial saga of Abit, as the company isn't doing too great. Sales have dropped a whopping 96% during the past year, and the company's worth has fallen from NT$10.8 billion last November to NT$1.7 billion now. Taiwan's security regulatory agency has also requested the company restates its results from 2003, 2004, and part of 2005 or face delisting from the stock exchange. Any future manufacturing by the company will be outsourced, as its own production facilities are being sold.




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