Marbridge Daily

<- February 19, 2009 ->

Asus Lowers Guidance, Repurchases Shares

Tencent Tech, 2/19/09

Taiwanese PC and laptop computer and component manufacturer Asus has announced it has lowered its annual revenue expectations for 2008, and plans to repurchase 60 mln of its own shares between February 19 and April 18 for between TWD 23 and TWD 48 per share. Asus announced sales estimates last week for the first quarter of 2009, with expected notebook computer sales of 800,000 units, EeePC mini laptop sales of 1 mln units, and motherboard sales of between 4.5 mln and 5 mln units.

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