NAM TAI ELECTRONICS, INC. TO RELEASE 3RD QTR. RESULTS ON NOVEMBER 8
VANCOUVER, CANADA Oct. 18, 1999 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI and NTAIW) today indicated it will
announce its third quarter results for the period ended September 30, 1999
before the market opens on Monday, November 8, 1999.
The Company will hold an analysts-only conference call on Monday, November
8, 1999 at 10:30 a.m. Eastern Time for analysts to discuss the third quarter
results with management. Analysts who wish to receive the dial-in number
for
this conference call are invited to contact the Investor Relations Office at
1-800-661-8831 no later than Friday, November 5, 1999 at 6:00 p.m. Eastern
Time.
Third Quarter Dividend
The Company paid its third quarter dividend of $0.08 per share on October
16, 1999 to shareholders of record on September 30, 1999. The fourth
quarter dividend payment dates will be announced when the third quarter
results are released.
No Impact from Taiwan Earthquakes
The Company confirmed that the recent earthquake in Taiwan is not expected
to significantly impact its production output, schedules, or costs.
Nam Tai Electronics, Inc. is a consumer electronics design and manufacturing
service provider to some of the world's leading original equipment
manufacturers. Nam Tai manufactures telecommunication products, palm-sized
PC's, personal digital assistants, linguistic products, calculators, smart
card readers and LCD modules which are used in, telecommunication products,
electronic toys, and household appliances. The Company utilizes advanced
production technologies such as chip on board ("COB"), chip on glass
("COG"), surface mount technology ("SMT"), tape automated bonding ("TAB")
and outer lead bonding ("OLB") technologies and anistropic conductive film
("ACF") heat seal technology. Further information is available from Nam
Tai's web site at www.namtai.com. |
