AOpen Suffers From Unprofitable ODD Business
AOpen continued to suffer losses due to its optical disc drive manufacturing business, with a recognized loss of NT$367 million (US$10.9 million) in the third quarter.
For the first three quarters of this year, the company generated a net loss of NT$956 million (US$28.5 million) and a negative earnings per share (EPS) of NT$3.86 (US$0.11).
AOpen claims that it expects to turn profitable in the first quarter of 2006 after forming a strategic alliance with Lite-On Technology. AOpen will still keep its ODD product line, which currently contributes about 30% to its business and ships 300,000 units monthly, the company said. The cooperation with Lite-On is expected to help AOpen avoid higher production costs and patent fees while ramping up its production output.
AOpen claims that it expects to turn profitable in the first quarter of 2006 after forming a strategic alliance with Lite-On Technology. AOpen will still keep its ODD product line, which currently contributes about 30% to its business and ships 300,000 units monthly, the company said. The cooperation with Lite-On is expected to help AOpen avoid higher production costs and patent fees while ramping up its production output.
