Quanta's revenue to outstrip US$8B. This year

Taipei, Dec. 23, 2003 (CENS)--Taiwan's Quanta Computer Inc. expected its annual revenue to outstrip US$8 billion this year, up over 10% from the previous year, company chairman Barry Lam said at a recent industry leaders' forum held in Taipei.

Lam said that his company scored revenue of NT$265 billion (US$ at US$1: NT$34.1) in the first 11 months this year, and the annual figure is expected to outstrip NT$300 billion (US$8.8 billion). The chairman added that his company has shipped over nine million notebook PCs in the first 11 months and the annual volume is expected to exceed 10 million units if everything goes smoothly in the second half of this month. For Quanta's new business, Lam said that his company would ship about five million cell phones this year and the company would actively boost its newly diversified business of liquid crystal display (LCD) TV products (in cooperation with its thin film transistor (TFT)-LCD panel production subsidiary Quanta Display Inc.)

Taking a very humble attitude, Lam claimed that Quanta didn't become a really matured enterprise until this year following long-term efforts. With intensive deployment, Lam said, Quanta "like a turtle gradually flying higher rather than suddenly equipped with a pair of wings." With accumulated momentum, the chairman added, Quanta is now able to face the fast-changing environment in the global information technology (IT) industry.

According to Lam, Quanta's previous goals were to become an international enterprise with global manufacturing and marketing networks and the company's next goal is to internationalize its R&D works. Lam said that he disagreed with a recent remark made by Hon Hai Precision Ind. Co. Ltd. (the world's No. 1 maker of connectors, barebone PCs and game consoles) chairman Terry Gou that Taiwan's enterprises could hardly challenge a revenue threshold of NT$500 billion (US$14.66 billion). Lam, however, showed a slide presenting an annual revenue goal of NT$1 trillion (US$29.33 billion) for Quanta in the future.

In order to internationalize its R&D, Lam said that his company would try to integrate global talented R&D professionals and set up sound institutions. In addition, Lam said that one of the most important functions of the institutions is to prevent the firm's R & D staff from being raided by other rivals.

In addition to a big-scale R&D center at Quanta's global headquarters in northern Taiwan's Taoyuan County and some R&D branches in Japan and the U.S., Lam said that his company would continue to set up R&D centers in Hong Kong, mainland China (Shanghai) and Germany etc. so as to recruit the best R&D staff.

Quanta's Milestones
Year	Revenue	Notes
1996	NT$17.48 billion	Breaking NT$10 billion for the first time
1998	NT$51.9 billion	Exceeding NT$50 billion for the first time
2001	NT$112.31 billion	Exceeding NT$100 billion for the first time
2002	NT$142.2 billion	The No.5 private enterprise in Taiwan
2003	about NT$295 billion	1. Up about 100% from 2002 2. The No. 2 private enterprise in Taiwan
2004*	NT$400 billion	1. To challenge annual shipment volume of 13.5 million notebook PCs, 10 million cell phones and one million to 1.5 million servers
--	NT$500 billion
--	NT$1 trillion	Final Goal