IT 100 Special Report 2006 >

  THE INFOTECH 100 COMPANIES
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78

VTech Holdings

(SEHK: 303)

Hong Kong

As Chinese companies like Lenovo and Haier try to build their brands in the U.S., they could learn a thing or two from Hong Kong-based VTech. The producer of fixed-line phones and electronic games has successfully managed the task of connecting with American consumers. VTech's V.Smile learning system, which competes against LeapFrog toys, has sold over 2 million units since its launch in mid-2004, and sales growth is looking strong this year. VTech also has turned around its telecom products division, which had been struggling, thanks to cost-cutting and expansion into new markets. On June 21, VTech announced a 126% increase in profit for the year ended March 31. Investors are happy: Vtech's stock price is up 50% so far this year and on June 22 was trading at a 52-week high.

Company Info

2005 Rank

Not Ranked

Sales*
($ Millions)

1,022.0

Sales Growth
(over prev. year)

12 %

Profits*
($ Millions)

56.9

Return on Equity

28.0 %

Total Return on Sales (12-mo.)

212.7

Share Price
As of 5/31/06

34.40

CURRENT
MARKET INFO

SEHK: 303

No. of Employees

Industry Communications Equipment
COMPANY WEB SITE >
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat

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Company Snapshot

VTech Holdings, a consumer-focused technology company, engages in the design, manufacture, marketing, and sale of consumer electronic products. Its primary product categories include telecommunication products, electronic learning products, and contract manufacturing services. In addition to VTech brand, the company has the rights to use the AT&T brand in connection with the manufacture and sale of its wireline telephones and accessories for the term of the license. Besides, it also sells cordless phones, which include GSM mobile handsets. The company conducts its operations in 10 countries.


Data provided by Capital IQ
 
Allan C.Y. Wong

Allan C.Y. Wong

Chairman and Group Chief Executive Officer

Allan Chi Yun Wong has been chairman and group chief executive officer since January, 2004, of VTech Holdings, which he co-founded in 1976. Wong is chairman of the Hong Kong Applied Science & Technology Research Institute. He has been an independent non-executive director of Bank of East Asia since 1995 and is a member of the audit committee. He serves as an independent non-executive director of Li & Fung and China-Hongkong Photo Products. He serves as a director of Oasis Airlines Hong Kong. He serves on the Hong Kong Trade Development Council. He is member of the Council of Advisors on Innovation & Technology. He is also a council member of the University of Hong Kong. Wong holds a bachelor's degree in electrical engineering from the University of Hong Kong, a master's degree in electrical and computer engineering from the University of Wisconsin, and an honorary degree of doctor of technology from Hong Kong Polytechnic University.



Executive Data provided by Capital IQ