Suppliers worried about Abit’s financial situation

**MIG-31** · Dec 21, 2004, 03:16 PM

Suppliers of core-logic chipsets and printed circuit boards (PCBs) to Abit Computer are worried about their accounts receivable at the motherboard maker, after the company chairman, Remond Lu, said that Abit’s correspondent banks may freeze its assets, market sources said.

The banks took action after the Taiwan Stock Exchange (TSE) demanded Abit provide more details of its financial situation and overseas business transactions, while downgrading it stock to requiring full delivery, said the sources.

Meanwhile, Abit’s sales agents in overseas markets are also concerned about the supply of motherboards from Abit and have started seeking new partnerships with other suppliers, the sources noted.

In an effort to solicit those distributors planning to move away from Abit’s products, some Taiwan motherboard makers have stepped up their marketing efforts in regions such as China, France and northern Europe, where Abit’s motherboard shipments have been the strongest, the sources added.

Sources at a first-tier Taiwan motherboard maker stated that the impact of Abit's financial problems on its distribution channels in China may not begin to materialize for another one to two months because Abit’s subsidiary in China may still have enough capital to finance its operations for a while.

However, Abit’s financial situation may continue to deteriorate, which could weigh on other second-tier motherboard makers who are also financially weak, said the market sources.

Abit was unavailable for comment.
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Source: digitimes

Tipstaff · Dec 21, 2004, 06:36 PM

These guys just haven't been able to recover since the capacitor problems. <sigh> Oh well.. I'm sure someone will buy them up.

Captain EBD · Dec 21, 2004, 06:44 PM

...someone better buy them out, i love ABiT almost as much as GBiT. (inside joke,

)

Dyre Straits · Dec 23, 2004, 08:17 AM

I've almost exclusively used ABIT since my good experience with a BE6-II. That board lasted me about 3 years.

I now have one SOYO board in my 98SE machine. This is my first experience with one of those. I got it as a package deal with a Celeron 2.6. The package came to around $100 and was purchased under duress when that BE6-II went belly up. (AND, yes, it was the capacitors that finally did it in.

)

Dec 21, 2004, 03:16 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,855 Rep Power: 471 System Specs	Suppliers worried about Abit’s financial situation Suppliers of core-logic chipsets and printed circuit boards (PCBs) to Abit Computer are worried about their accounts receivable at the motherboard maker, after the company chairman, Remond Lu, said that Abit’s correspondent banks may freeze its assets, market sources said. The banks took action after the Taiwan Stock Exchange (TSE) demanded Abit provide more details of its financial situation and overseas business transactions, while downgrading it stock to requiring full delivery, said the sources. Meanwhile, Abit’s sales agents in overseas markets are also concerned about the supply of motherboards from Abit and have started seeking new partnerships with other suppliers, the sources noted. In an effort to solicit those distributors planning to move away from Abit’s products, some Taiwan motherboard makers have stepped up their marketing efforts in regions such as China, France and northern Europe, where Abit’s motherboard shipments have been the strongest, the sources added. Sources at a first-tier Taiwan motherboard maker stated that the impact of Abit's financial problems on its distribution channels in China may not begin to materialize for another one to two months because Abit’s subsidiary in China may still have enough capital to finance its operations for a while. However, Abit’s financial situation may continue to deteriorate, which could weigh on other second-tier motherboard makers who are also financially weak, said the market sources. Abit was unavailable for comment. _______________ Source: digitimes __________________ Please Post Your News Submissions Here

Dec 21, 2004, 06:36 PM	#2
Tipstaff HardwareHeaven Extreme Member Join Date: Jul 2002 Location: Real capital of Canada: Torauna Posts: 6,773 Rep Power: 191 System Specs	These guys just haven't been able to recover since the capacitor problems. <sigh> Oh well.. I'm sure someone will buy them up. __________________ Portal: The Flash Version _________________________________ Brain: So, you sacked the cocky khaki Kicky Sack sock plucker? Mr. Sackett: The second cocky khaki Kicky Sack sock plucker I've sacked since the sixth sitting sheet slitter got sick.

Dec 21, 2004, 06:44 PM	#3
Captain EBD i like computers. Join Date: Aug 2004 Location: Sacramento, CA Posts: 296 Rep Power: 0	...someone better buy them out, i love ABiT almost as much as GBiT. (inside joke, ) __________________ .......