Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Universal Abit
Universal ABIT Co., Ltd (formerly ABIT Computer Corporation) was a computer components manufacturer, based in Taiwan, active since the 1980s. Its core product line were motherboards aimed at the overclocker market.
ABIT experienced serious financial problems in 2005. The brand name "ABIT" and other intangible properties, including patents and trademarks, were acquired by Universal Scientific Industrial Co., Ltd. (USI) in May 2006. The brand name was discontinued on 31 March 2009.
ABIT was founded in 1989. In 1991, the company had become the fastest growing motherboard manufacturer, claiming US$10 million in sales. In 2000, ABIT underwent an initial public offering (IPO) on the TAIEX stock exchange. To keep pace with their "good" sales figures, they opened a factory in Suzhou, China, and moved to new headquarters in Neihu, Taipei. The number of motherboards sold was claimed to have doubled between 2000 and 2001.[citation needed]
Abit chose to outsource two low-end boards for trial production from June 2002 to Elitegroup Computer Systems. Confirmation of the outsourcing move was made public in July 2002, accounting for 10% of Abit's motherboard shipments for the first model, and by August 2002, this would increase to 15-20% for the second model, for the company's niche products, such as servers and routers, Abit's factory in Taoyuan, Taiwan factory will then serve as their base.
Abit had somewhat of a blow in March 2003, when Oskar Wu, a leading engineer on the famous ABIT NF7-S motherboard, resigned after the NForce series to become head of the LANParty range at competitor DFI.
On 15 December 2004, the Taiwan Stock Exchange downgraded ABIT's stock due to questionable accounting practices. Investigations revealed that the majority of their import/export business was conducted through seven companies, all located at the same address and each of which had a capital of only HK$2. This made it easy to inflate the reported number of motherboards sold. The Hong Kong media also reported that the management was being investigated for embezzling funds from the company.
In June 2005, ABIT partnered with Wan Hai Industries. This container shipping company, also a principal investor in China Airlines, brought the company much needed capital, since the company had financial problems at this time, partly due to a class action lawsuit involving faulty capacitors on their products, but also because of marketing highly technical products to the general public while offering longer-than-average warranties and generous return policies.[citation needed]
On 25 January 2006, ABIT announced that USI intended to purchase ABIT Computer's motherboard business and brand and announced a special shareholders' meeting to discuss the sale of ABIT's Neihu building, changing ABIT's company name, the disposition of the company's assets, and the release of the directors from non-competition restrictions. ABIT sold its own office building in Taipei to Deutsche Bank in order to raise money to cut its debt.
Hub AI
Universal Abit AI simulator
(@Universal Abit_simulator)
Universal Abit
Universal ABIT Co., Ltd (formerly ABIT Computer Corporation) was a computer components manufacturer, based in Taiwan, active since the 1980s. Its core product line were motherboards aimed at the overclocker market.
ABIT experienced serious financial problems in 2005. The brand name "ABIT" and other intangible properties, including patents and trademarks, were acquired by Universal Scientific Industrial Co., Ltd. (USI) in May 2006. The brand name was discontinued on 31 March 2009.
ABIT was founded in 1989. In 1991, the company had become the fastest growing motherboard manufacturer, claiming US$10 million in sales. In 2000, ABIT underwent an initial public offering (IPO) on the TAIEX stock exchange. To keep pace with their "good" sales figures, they opened a factory in Suzhou, China, and moved to new headquarters in Neihu, Taipei. The number of motherboards sold was claimed to have doubled between 2000 and 2001.[citation needed]
Abit chose to outsource two low-end boards for trial production from June 2002 to Elitegroup Computer Systems. Confirmation of the outsourcing move was made public in July 2002, accounting for 10% of Abit's motherboard shipments for the first model, and by August 2002, this would increase to 15-20% for the second model, for the company's niche products, such as servers and routers, Abit's factory in Taoyuan, Taiwan factory will then serve as their base.
Abit had somewhat of a blow in March 2003, when Oskar Wu, a leading engineer on the famous ABIT NF7-S motherboard, resigned after the NForce series to become head of the LANParty range at competitor DFI.
On 15 December 2004, the Taiwan Stock Exchange downgraded ABIT's stock due to questionable accounting practices. Investigations revealed that the majority of their import/export business was conducted through seven companies, all located at the same address and each of which had a capital of only HK$2. This made it easy to inflate the reported number of motherboards sold. The Hong Kong media also reported that the management was being investigated for embezzling funds from the company.
In June 2005, ABIT partnered with Wan Hai Industries. This container shipping company, also a principal investor in China Airlines, brought the company much needed capital, since the company had financial problems at this time, partly due to a class action lawsuit involving faulty capacitors on their products, but also because of marketing highly technical products to the general public while offering longer-than-average warranties and generous return policies.[citation needed]
On 25 January 2006, ABIT announced that USI intended to purchase ABIT Computer's motherboard business and brand and announced a special shareholders' meeting to discuss the sale of ABIT's Neihu building, changing ABIT's company name, the disposition of the company's assets, and the release of the directors from non-competition restrictions. ABIT sold its own office building in Taipei to Deutsche Bank in order to raise money to cut its debt.