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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.
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