79
Lite-On Technology
(TSEC: 2301)
Taiwan
With investors fleeing most Taiwanese tech stocks and share prices tumbling, Lite-On Technology is a local anomaly: Its stock price is actually up 3.6% for the year. One reason is investor confidence in Lite-On's expansion plans. In April, Lite-On gave Taiwanese rival BenQ Corp. $37 million and a minority stake in a Lite-On subsidiary for BenQ's disk-drive business. Now Lite-On is positioning itself as Japanese giants Sony and Toshiba battle it out to control the next generation of DVDs. The Taiwanese component maker is placing its bets on the Sony-backed Blu Ray standard and plans to launch its first Blu Ray drive this summer.
Company Info |
|
| 2005 Rank | 43 |
| Sales* ($ Millions) | 7,096.4 |
| Sales Growth (over prev. year) |
6 % |
| Profits* ($ Millions) | 272.4 |
| Return on Equity | 14.6 % |
| Total Return on Sales (12-mo.) | 57.9 |
| Share Price As of 5/31/06 | 1.56 |
| CURRENT MARKET INFO | TSEC: 2301 |
| No. of Employees | |
| Industry | Computers & Perpherals |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
Related Articles
