12% of Abit Shares Change Hands :
  TheThirdMedia HardwareOther HD GuideOther HD News > 12% of Abit Shares Change Hands

12% of Abit Shares Change Hands

Date: 2005-1-14

[Abstract]
   Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) denied yesterday that it has invested in the financially troubled Abit Computer by scooping up its shares in Taiwan...

[Content] PCDigitalMobileGame
[title]12% of Abit Shares Change Hands[/title]
Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) denied yesterday that it has invested in the financially troubled Abit Computer by scooping up its shares in Taiwan¡¯s stock market.

Share prices of Abit opened limit-down but ended limit-up at NT$2.25 on the TAIEX (Taiwan Stock Exchange), Wednesday, after dropping for 20 consecutive sessions on concerns of alleged fraud in its transaction records.

A total of 100.8 million Abit shares, or a 12.07% stake of the company¡¯s outstanding shares, were transacted on the TAIEX Wednesday, indicating that there were investors picking up Abit shares, with market sources pinpointing Foxconn as the prospective buyer.

Meanwhile, sources at Abit stated that the company is now in talks for possible business cooperation with a number of IT companies, including those that do not produce motherboards. After Wednesday¡¯s rally, Abit¡¯s share price was down NT$0.15 to finish at NT$2.10, Thursday, in line with a 0.4% decline of the weighted price index of the TAIEX, according to the TSE.


[ Remark ] [ Print ] [ Font: Large Standard Small ]

Last News: Samsung and Toshiba Slashing Prices on Optical Drives
Next News: ASUS and Foxconn to Build iPod Shuffle & Mac Mini Respectively


Search News



 
Class Title
Home Page (0)
CPU Guide (959)
Chipset Guide (193)
Memory Guide (472)
Mainboard Guide (464)
Video Guide (1339)
Storage Guide (410)
Multimedia Guide (736)
Mobile Guide (492)
Other HD Guide (2471)
Other HD News (1841)
Other HD Article (630)
 
Hot News
     
     
      >> Remark List   [Total 2 Remarks]
     
    Post Remark


    Remark: Letters0
    Name:   


      >> Related News      
     ABIT's Premier Intel 925XE Mainboards Reach Reviewers  (2005-02-20)
     Abit AG8 Review  (2005-02-15)
     Abit RX600 Pro-Guru Review  (2005-02-05)
     ABIT Unleashes Fatal1ty AN8 Motherboard  (2005-02-02)
     Abit Reaches Tentative Agreement with Creditors  (2005-01-22)
     Abit to Ship 1 2M Mobos in China For 2005  (2005-01-21)
     Abit AV8 vs 9NDA3+ Review  (2005-01-14)
     SMC Gigabit Networking Review  (2005-01-11)
     Abit Fatal1ty AA8XE Review  (2005-01-11)
     Abit AA8-DuraMAX Review  (2005-01-09)
     ABIT Presents The CES-Fatal1ty  (2005-01-06)
     Gigabyte/Abit/ATI PCIe Graphics Card Comparison  (2004-12-29)
     VIA Announces Support from Industry Leader for PCI Express Gigabit Ethernet I...  (2004-12-29)