Monday, December 15, 2003
Industry experts said that the VIA Technology will suffer next year after their top executives were accused of intellectual property rights infringement.
Last Friday, the public prosecutor of the Taipei District Court accused VIA's top executives Chen Wen Chi and his wife Cher Wang of stealing technology from one of their networking product clients, D-Link Corp, of spying on the company and breaching its trust.
A report from Goldman Sachs showed that VIA's sales revenues in the first 11 months of this year reached US$550 million, up by 19.1 percent from US$680 million a year ago. However, a report from Credit Suisse First Boston in Taipei also downplays the impact of the court cases, saying that it may take up to two years before a decision is reached and VIA doesn't even sell the product under dispute. VIA posted a heathly pre-tax profits of NT$61.28 million in the third quarter of this year, but concluded the first three quarters with a cumulative pre-tax loss of NT$1.744 billion.
By: DocMemory
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