Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
My Profile
Top News
Reuters top ten news stories delivered to your inbox each day.
Subscribe
You are here:
Home
>
News
>
Technology
>
Article
Home
Business & Finance
News
U.S.
Politics
International
Technology
Internet
Entertainment
Sports
Lifestyle
Oddly Enough
Health
Science
Special Coverage
Video
Pictures
Your View
The Great Debate
Blogs
Weather
Reader Feedback
Do More With Reuters
RSS
Widgets
Mobile
Podcasts
Newsletters
Your View
Make Reuters My Homepage
Partner Services
CareerBuilder
Affiliate Network
Professional Products
Support (Customer Zone)
Reuters Media
Financial Products
About Thomson Reuters
Netbook pioneer Asustek eyes recovery; bets on China
Tue Aug 25, 2009 6:06am EDT
Email | Print |
Share
| Reprints | Single Page
[-]
Text
[+]
By Kelvin Soh
TAIPEI (Reuters) - Taiwan's Asustek is pinning its recovery hopes on emerging markets such as China as the pioneer of netbooks struggles to compete with bigger rivals such as Hewlett-Packard and Acer.
Asustek expects a slew of product launches, set for the second half of the year, to help it stem the decline in revenue and profit margins, as it takes a beating due to the increasing popularity of low-cost netbook PCs.
"We're seeing a lot of growth momentum from China, and expect to grow our market share there for the rest of the year," Chief Executive Jerry Shen told investors on Tuesday. "Eastern Europe is also growing quite well, so things should improve from now on."
Pioneered by Asustek in 2007, netbooks have since been rolled out by other brands such as Hewlett-Packard, Acer and Dell, dealing a blow to Asustek.
On Monday, Nokia, the world's top cellphone maker, said it would start to make netbooks, entering a fiercely competitive but fast-growing market.
Asustek swung to an operating profit in April-June after two straight quarters of losses, having laid off staff and slashed products to emerge leaner.
The global PC sector has picked up in recent months, with Intel declaring the worst over and research firms such as IDC raising their forecasts for the year.
Analysts, however, remained cautious on Asustek's prospects.
"It's the traditional peak season anyway, so it's not spectacular," said Alex Huang, research director at Mega Securities.
Asustek expects to ship about 1.8 million notebooks and 1.5 million netbooks in the current quarter, up as much as 50 percent from the preceding three months.
The higher shipments are mainly due to an increase in demand from students returning to school and ahead of the year-end peak holiday shopping season, the company said.
Asustek is making a foray into the fast-growing smartphone market with location device maker Garmin, but it has set modest targets for itself that underscore its vulnerability as a new player in the highly competitive sector.
"We're going up against some very big players in the smartphone sector, and we know how difficult it is," Shen said. "This is a sector that we intend to cultivate slowly, especially from next year onwards."
Many analysts are skeptical at the rising number of PC brands crowding into smartphones, and highlight the difference in how the two products are sold and marketed.
Asustek reported a bigger-than-expected net loss of T$131 million ($3.9 million) for April-June, hit by a massive T$953 million foreign exchange loss as the Taiwan dollar appreciated by more than 3 percent against the U.S. dollar. Continued...
View article on single page
Share:
Del.icio.us
Digg
Mixx
Yahoo!
Facebook
LinkedIn
Next Article:
New Mac operating system available late August
also on reuters
Blog: The good news about Bernanke
High testosterone boosts women traders
Video
Video: Propofol OD killed Jackson: coroner
More Technology News
Yahoo to compete with Bing despite Microsoft deal
Sony debuts wireless reader priced at $399
Jessica Biel tops list as most risky star in cyberspace
UK proposes cutting Web access to file sharers
Yahoo to launch Arabic portal with Arab partner
More Technology News...
More News
UPDATE 2-Netbook pioneer Asustek eyes recovery; bets on China
6:01am EDT
CORRECTED - CORRECTED-UPDATE 1-Asustek posts Q2 net loss, hit by stronger T$
5:43am EDT
Editor's Choice
Slideshow
A selection of our best photos from the past 24 hours. Slideshow
Most Popular on Reuters
Articles
Video
White House, CBO see budget deficits for years ahead
Fidel Castro says racist right-wingers fight Obama
UPDATE 3-Obama to name Bernanke to 2nd term as Fed chief
Jessica Biel tops list as most risky star in cyberspace
Africa wants $67 bln a year in global warming funds
Factory workers bare all to save jobs
Europe's Saharan power plan: miracle or mirage?
Sugar guidelines could hurt soft drink firms
Obama renominates Bernanke as Fed chief
Coroner says Jackson died from lethal dose of propofol | Video
Most Popular Articles RSS Feed
Video
Rogue wave kills child
Propofol OD killed Jackson -coroner
Probe ordered into prisoner abuse
Bus crash in Peru kills 22
Second South Korea space setback
Afghan journalist killed in Pakistan
Three dead in Israel tunnel attack
Greek govt under fire over wildfires
Minister defends al-Megrahi release
Planes battle Greece wildfires
Most Popular Videos RSS Feed
Technology
Are gamers old, fat and sad?
Video games might be regarded as an obsession for youngsters but in fact the average player is aged 35, often overweight, introverted and may be depressed, according to a new study. Full Article
The game's not real, but the weather is
If it's raining outside or hurricane season is in full swing, sports video games will soon be affected by real-time weather. Full Article
"Rock Band" unveils 19 songs for new Beatles game
Seeking non-gamers
Luring new audiences by moving away from traditional gaming consoles is more crucial than ever, as the downturn curbs consumer spending in a sector once seen as recession-proof. Full Article
U.S. videogame sales down 29 percent in July
Sony rolling out cheaper PlayStation 3
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS |
Labs |
Journalism Handbook |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Professional Products |
Professional Products Support |
About Thomson Reuters |
Careers
International Editions:
Africa |
Arabic |
Argentina |
Brazil |
Canada |
China |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
Spain |
United Kingdom |
United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.