Quanta Group eyes NT$500 B. in revenues for 2005

Jan 27, 2005 Ι Industry In-Focus Ι Electronics and Computers Ι By Quincy, CENS
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Taipei, Jan. 27, 2005 (CENS)--Taiwan's Quanta Computer Inc. has set its revenue goal at over NT$400 billion (US$12.54 billion at US$1: NT$31.9) for 2005, and projected group revenues at NT$500 billion (US$15.67 billion).

According to Barry Lam, company chairman, Quanta scored revenues of NT$324.5 billion (US$10.17 billion) in 2004, setting an important milestone for the company. This year, the company aims to challenge a revenue goal of over NT$400 billion (US$12.54 billion).

At the firm's year-end party held recently, Quanta's CEO Michael Wang claimed that his company would manage to grasp a 30% share of the global notebook PC market this year. Wang added that his company's shipments of storage equipment, servers, and blade servers have been rising since the fourth quarter of 2004.

Lam also announced at the party that Quanta's R&D center would be completed this year, which will have total floor area of 60,000 pings (one ping= equals 36 square feet) and can house a total R&D staff of over 7,000. Lam said that the new R&D center would help realize Quanta's dream of developing stronger technology capability.

The Quanta Group is expected to record total revenues of over NT$500 billion (US$15.67 billion) this year due to increasing shipments of cell-phone and LCD TV products.
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