First-tier Taiwanese computer components makers reported their monthly revenues recently. Boosted by OEM orders, ASUSTeK Computer and Micro-Star International (MSI) were able to achieve very good results, whereas ECS experienced a moderate sequential decline. Gigabyte Technology so far has not reported any details about its performance, but at least the company’s financial results were positive.

ASUS shipped in March 1.85 million mainboards, 32.1% more than a month ago and 19.2% more than in March 2002. The company also sold 510 thousands of graphics cards, 580 thousands of optical drives and more than 80 thousands of notebooks. Most of the shipments went to large OEM clients. ASUS’ total revenues including all its subsidiaries achieved $335.17 million last month.

MSI, who also makes a lot of components for OEM customers, shipped nearly 1.6 million mainboards, what represents 61.5% annual growth and is 33.3% more than in February. Although mainboard shipments can be considered as a new record for the manufacturer, it only made about 600 thousands of graphics cards, what is not so lot for MSI, who made nearly 1 million every month last year. Company’s revenue for the period exceeded $171.55 million.

ECS’ shipments of mainboards continued to decline in March. The company only sold 1.2 million of its units last month, while it managed to sell 1.4 million in February and even more in January. Sequential revenue of the company also dropped about 7% to $158.16 million mark. ECS said that its results are conditioned by the chipset shortage and the USA-Iraq war (I wonder why the war has not affected other manufacturers?).

Gigabyte Technology posted $90.6 million sales what is 33.1% and 12.5% more than last month and during the same period last year. Keeping in mind that the company had the highest gross-margins among the first-tier mainboard makers, we believe that its EPS and profits are high enough, of course, if the company did not slash the prices in order to boost the revenue last month.