| ||Thread Tools|
|2nd February 2005, 15:28||#1|
Join Date: May 2002
Graphics-card maker Gainward to sell brand name to Palit
Taiwan-based TNC Industrial has decided to sell the Gainward brand and branch Gainward Europe GmbH to Palit Microsystems for US$1 million and the net worth of the branch office at the end of 2004 (as certified by a CPA).
TNC is a leading Taiwan maker of nitrocellulose fibers and holds a 69% stake in Gainward. Continued losses at Gainward over the past two years forced TNC to decide to sell off its graphics-card business, while re-focusing its efforts on its core electronics-related chemical business, said the sources
more @ http://www.digitimes.com/news/a20050201A7036.html
also: Gainward survives investor games
Apparently Gainward has now persuaded TNC management to sell its shares to people who will be more committed in doing graphic card. Gainward made a great job in establishing one of the leading brands worldwide.
The critical moment came yesterday when TNC told some of our colleagues in Taiwan that Gainward will sell the brand and will shut down its business. Gainward categorically denies this, and categorise it as miscommunication filed by the old parent company.
Gainward headquarters were moved from Taiwan to Munich after an announcement of record profit in 2004. Its revenue continued to grow to €32 million while earnings before tax went to €1.1 million. In 2005 company has an even more aggressive plan to try to ship 150,000 units in Europe and to double its sales to €60 million.
more @ http://www.theinquirer.net/?article=21050
|Thread||Thread Starter||Forum||Replies||Last Post|
|Palit GT 240 Sonic 1GB Nvidia Graphics Card Review||jmke||WebNews||0||26th April 2010 12:55|
|Palit GeForce GTS 250 2GB Graphics Card||jmke||WebNews||0||10th March 2009 13:16|
|Palit GeForce GTX 260 Sonic 216SP 55nm Graphics Card||jmke||WebNews||0||2nd March 2009 20:11|
|Palit Radeon HD 4670 Super 512MB Graphics Card||jmke||WebNews||0||19th December 2008 10:09|
|Palit Revolution 700 Deluxe HD 4870 X2 2GB Graphics Card||jmke||WebNews||0||3rd December 2008 14:02|
|Gainward GeForce 9800 GTX+ 512MB Graphics Card||Massman||WebNews||0||1st October 2008 16:51|
|Gainward Radeon HD 4850 Golden Sample Graphics Card||Massman||WebNews||0||27th September 2008 09:02|
|Palit GeForce 9600GT Sonic Graphics Card||jmke||WebNews||0||2nd March 2008 12:55|
|Gainward BLISS 7300 GT PCX Golden Sample Graphics Card||jmke||WebNews||0||26th July 2006 09:49|
|Gainward PowerPack 2600 GS 6800 Ultra PCI Express graphics card||jmke||WebNews||0||7th March 2005 13:09|