by Anton Shilov
08/26/2009 | 09:37 AM
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