SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Deswell Industries (DSWL)
DSWL 3.390-0.3%Nov 7 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Bower who wrote (877)8/8/1998 12:46:00 PM
From: Ron Bower  Read Replies (1) of 1418
 
Vtech gets cold feet over move on mainland
By Teresa Lee
CONSUMER electronics manufacturer Vtech Holdings yesterday said its planned expansion into the mainland market would be delayed by up to two years.
Chairman Allan Wong said the market was volatile with state-enterprise reform in progress and the company would not move into the mainland for one or two years.

Mr Wong said high import tariffs and inadequate sales networks and transport links were the main problems confronting companies operating on the mainland.

''For one thing, import tariffs for goods are high, even if the product is produced in China, raw materials are still taxable,'' he said.

''I think our sales potential will be greater two or three years later as high-priced products need a higher-income market,'' Mr Wong said.

!!!Orders in the past three months had been satisfactory, the company said, with strong demand from the Euro-American market which accounted for the majority of turnover.

!!!The completion of the second phase of Vtech's Dongguan phone handset plant is expected to increase the production capacity to 14 million units a year from 12 million.

Vtech said it would be launching its 2,400 mega-Hertz cordless phone later when global markets had fully absorbed the 900 MHZ cordless phone.

The company will also increase spending on research and development which now account for 4 per cent of turnover.

Vtech said its electronic education products had 60 per cent market share while its 900 MHZ cordless phone had a 50 per cent share of the US market.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News