News
 

Bookmark and Share

(0) 

Asustek Computer is again rumoured to sell a stake in its contract maker of electronics called Pegatron. The move would allow the latter to become more financially powerful and potentially get other advantages. However, Asustek denies any of such plans.

Recent market rumours say that Asustek Computer and Pegatron Technology are negotiating with contract electronics manufacturer Inventec Corp. regarding sale of a stake in Pegatron, reports DigiTimes web-site. Earlier rumours transpired that Asustek wanted to sell Pegatron to Foxconn Electronics (Hon Hai Precision Industry), but no deal has been signed.

Despite of the global financial slump, Taipei, Taiwan-based Inventec this year has been consistently posting gains in sales compared to the same months in 2008, meanwhile some other contract electronics makers have posted annual declines. As a result, Inventec should be both strong financially and may also be able to take loans from both domestic and international banks.

Inventec is believed to have Hewlett-Packard, Toshiba, Acer, and Fujitsu among its customers. Meanwhile, Pegatron lost orders from HP to Foxconn earlier this year.

It would be logical for Asustek Computer to decrease its stake in the contract maker of electronics since this would allow Pegatron to become financially more powerful. As a result, it is not a surprise that from time to time rumours regarding sale of the whole company or a stake in it emerge.

According to market sources, there are higher chances for Asustek to sell a share in Pegatron to Inventec rather than to Flextronics or Foxconn since “Inventec and Pegatron have a similar business culture”.

Pegatron reportedly denied the rumors saying it is not in contact with Inventec

Tags: Business, ASUS, Inventec, Pegatron, Foxconn, Flextronics

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month