Just sell now and apologize later.
Actually there's a new kid on the block - they are already #1 in Europe and most likely give Dell a hard time in the fastest growing markets (Asia);
it's their backyard anyway and it's easier to copy a dell business model
First quarter revenues: Acer grows, BenQ shrinks
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Huang Kung Tien, Taipei; Jessie Shen, DigiTimes.com [Monday 11 April 2005]
Acer posted consolidated revenues of NT$23.959 billion last month, up 20.8% sequentially and 22.2% on year, buoyed by success in China and the US. However, BenQ's March consolidated revenues of NT$11.8 billion were down on year.
In March, Acer hit record revenues for its China and US operations, according to the company. The vendor stated it enjoyed on-year sales growth of 44.4% in China and 146.6% in the US.
BenQ experienced an on-year drop in its consolidated revenues for both March and the first quarter, according to company spokesperson Alex Liu. Decreasing panel prices affected the average selling price (ASP) of the company's LCD monitors, despite record high shipments, said Liu. BenQ shipped 800,000 LCD monitors in the first quarter, Liu stated
BenQ also gained less OEM orders from customers as the company entered the traditional slow season, especially for handsets, Liu explained.
Acer, BenQ: March consolidated revenues (NT$b)
March
Y/Y
Acer
23.959
22.2%
BenQ
11.800
(21.33%)
Source: companies, compiled by DigiTimes, April 2005.
Acer, BenQ: 1Q unaudited consolidated revenues (NT$b)
1Q
Y/Y
Acer
65.663
32.8%
BenQ
32.360
(22.95%)
Source: companies, compiled by DigiTimes, April 2005.
Acer, BenQ: February 2004 - February 2005 revenues (NT$m)
Month
BenQ
Acer
Sales
Y/Y
Sales
Y/Y
Feb-05
7,485
-43.7%
12,981
46.4%
Jan-05
9,154
-18.4%
12,341
71.5%
Dec-04
9,582
-24.8%
11,127
31.3%
Nov-04
11,908
6.5%
17,671
46.8%
Oct-04
10,695
0.4%
16,230
49.4%
Sep-04
14,315
49.7%
12,280
60.8%
Aug-04
11,569
32.5%
10,856
44.2%
Jul-04
11,063
16.9%
8,192
22%
Jun-04
12,320
75.8%
9,852
57%
May-04
14,577
102.8%
8,444
95.1%
Apr-04
13,217
50.2%
8,015
93.9%
Mar-04
14,112
73.9%
11,097
94.2%
Feb-04
13,287
88.5%
8,865
146.8%
Source: TSE, compiled by DigiTimes, Apr 2005.
*Figures are not consolidated.
Acer, BenQ: 3Q 2003 - 3Q 2004 revenues (NT$m)
Quarter
BenQ
Acer
Sales
Y/Y
Sales
Y/Y
3Q-04
36,951
33.1%
31,334
42.3%
2Q-04
40,084
74%
26,476
68.6%
1Q-04
38,617
65.6%
26,979
107.8%
4Q-03
34,583
34.8%
31,004
204.5%
3Q-03
27,760
29.2%
22,021
94.7%
Source: TSE, compiled by DigiTimes, Apr 2005.
*Figures are not consolidated.
Acer, BenQ: 3Q 2004 balance sheet (NT$k)
Item
BenQ
Acer
Current assets
43,843,513
30,263,818
Long-term investments
32,699,795
49,890,244
Fixed assets (net)
6,119,738
5,677,517
Intangible assets
429,929
Other assets
1,160,718
4,116,901
Assets
83,823,764
90,378,409
Current liabilities
29,760,949
26,766,195
Noncurrent interest-bearing liabilities
4,304,732
3,000,000
Other liabilities
558,491
1,785,947
Liabilities
34,624,172
31,552,142
Stockholders' equity
49,199,592
58,826,267
Source: TSE, compiled by DigiTimes, Apr 2005.
*Figures are not consolidated.
Acer, BenQ: 3Q 2004 income statement (NT$k)
Item
BenQ
Acer
Gross sales
116,483,007
Net sales
115,651,455
84,788,860
Gross profit (loss) from operations
9,866,735
3,952,535
Operating expenses
6,113,051
1,747,979
Operating income (loss)
3,907,095
2,202,326
Non-operating revenues and gains
4,328,266
3,254,894
Non-operating expenses and losses
512,784
1,080,292
Income from continuing operations before income tax
7,722,577
4,376,928
Net income (loss)
7,421,386
3,831,798
Fully-diluted earnings per share
3.2
1.8
Source: TSE, compiled by DigiTimes, Apr 2005.
*Figures are not consolidated.
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