Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
Vietnam Mobile & Broadband International Summit 2010 @ Hanoi - 2010/03/25
China Mobile Internet Summit 2010 @ Beijing - 2010/04/07
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
TETRA World Congress @ Singapore - 2010/05/25
Global Mobile Internet Conference 2010 @ Beijing - 2010/05/27
NGMN Industry Conference 2010 @ Shanghai - 2010/06/02
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
Asus Reported USD82.24 Million Net Losses In Q4 2008
February 16, 2009 |
Print
| 
Email
| 
Comments | Category: Computing
Taiwan-based PC maker Asus has published its financial report for the fourth quarter of 2008, stating it made losses of NTD2.798 billion — the first loss since the founding of the company 19 years ago.
Asus says its poor performance in the fourth quarter of 2008 was mainly attributed to the recession affecting the entire global market, leading to the increase of inventory of such products as monitors. In addition, the depreciation of some monetary exchange rates brought more negative effects.
The company says it is expected to make profits in the first quarter of 2009, during which, Asus aims to ship 800,000 notebooks and 4.5 to 5 million motherboards. Moreover, the company will take measures to reduce its inventory and shorten the inventory period by 20 days to between 40 and 50 days before the end of the first quarter of 2009.
Jerry Shen, CEO of Asus, has made a public apology to Asus's investors for the losses in the fourth quarter 2008 and emphasizes that the company has adopted a series of internal streamline policies, including cutting 10% management costs this year.
Recommend this page: 
Loading ...One Response to “Asus Reported USD82.24 Million Net Losses In Q4 2008”
Leave A Comment:
-
Business
- MSN China Vice President Resigns
- KongZhong Posts Increased China Revenue But Warns On Weak Mobile Growth
- Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
- Rumor: PayPal To Cooperate With Alibaba For Online Payments In China
- China Network Television, Shanda Reach Strategic Cooperation
-
Commentary
-
Computing
-
Gadgets & Electronics
- Founder To Promote Copyright Pricing Standards For E-books In China
- Motorola Android Phones Go For Microsoft's Bing Search Engine In China
- NGMN Alliance Announces NGMN Industry Conference & Exhibition 2010 in Shanghai, China
- China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
- Chinese Consumers Complain About HP's Products
-
Internet
- MSN China Vice President Resigns
- Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
- Rumor: PayPal To Cooperate With Alibaba For Online Payments In China
- Ctrip.com Promises To Compensate Online Consumers For Price Differences
- 365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety
-
Law & Policy
Copyright 1999-2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 
Then Jerry should resign!!!