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mitac international (2315) Details

MiTAC International Corp., together with subsidiaries, engages in the design, manufacture, sale, and service of micro-computers, mobile communications, and related products. Its mobile devices include outdoor GPS recreation devices, media tablets, and smart pads for the consumer sector; potable navigation devices and all-in-one dash systems for the automotive sector; and pocket-sized and media tablets for the professional sector, as well as GPS kit and GPS car kit for iPhone and iPod touch applications. The company’s client computing products comprise all-in-one PC, IPTV STB, and thin client solutions. Its enterprise products consist of server systems; and rack mount server, tower server, storage, blade, GPU computing, and cloud computing products for OEM customers. The company is also involved in the research, development, and manufacture of computer software; wholesale and retail of software and communication products; sale of computer peripherals, hardware, and related products; and testing, maintenance, and display of computer components, as well as related technical advisory and after-sale services. In addition, it engages in the manufacture and sale of computer frames, motherboards, interface cards, displays, power supplies, keyboards, and related metal stamping parts and plastic parts, as well as maintenance of motherboards; and offers data processing, freight transport agency, export and import trading, and warehousing services. The company sells its products in North America, Europe, Asia, Australia, Africa, and Taiwan under the Mio, Navman, Magellan, and TYAN brand names. MiTAC International Corp. was founded in 1982 and is headquartered in Hsinchu, Taiwan.

Founded in 1982

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mitac international (2315) Key Developments

MiTAC International Corp. Announces Unaudited Consolidated Revenue Results for the Month and Year to Date Ended December 2012

MiTAC International Corp. announced unaudited consolidated revenue results for the month and year to date ended December 2012. For the month, the company’s consolidated revenue was TWD 3.114 billion, which represents 7.22% year on year increase. For the year to date, the company’s consolidated revenue was TWD 44.508 billion.

Handal &Associates Files New Patent Infringement Lawsuit against MiTAC and other Distributors and Resellers

Handal &Associates announced that it has filed new patent infringement lawsuits on behalf of its client, e.Digital Corporation. Handal &Associates has filed a total of 15 lawsuits against parties believed to infringe patents covering the use of flash memory technologies, which are a part of e.Digital's Flash-R(TM) patent portfolio. The cases have all been filed in the United States District Court for the Southern District of California and include two recently filed suits against Pantech Wireless Inc. aka Pantech North America, Pantech Co. Ltd., AT&T Inc., Verizon Communications Inc., United States Cellular Corporation, MiTAC Digital Corporation, and MiTAC International Corp.

MiTAC International Corp. Announces Unaudited Consolidated Revenue Results for the Month and Year-To-Date Ended September 2012

MiTAC International Corp. announced unaudited consolidated revenue results for the month and year-to-date ended September 2012. For the month, the company reported revenues of TWD 3.163 billion compared to TWD 4.053 billion in August 2012. For the year-to-date, the company reported revenues of TWD 33.706 billion.

 

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2315

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Valuation 2315 Industry Range
Price/Earnings 22.3x
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 22.5x
TEV/Sales 0.1x
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