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Lite-On to Sell its Display Business to Wistron

Discussion in 'News' started by malware, Apr 30, 2008.

  1. malware New Member

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    DigiTimes reported today that Lite-On Technology has announced plans to sell its Digital Display business unit to Taiwan's Wistron for NT $9.2 billion (US $302.17 million). The purchase will mostly involve inventory, equipment, intellectual property, and personnel. No land or manufacturing plants are included with this deal. Wistron, which specializes in system assembly, expects this action to strengthen its existing line of LCD TVs and increase Wistron's presence in the display industry. On the other hand, Lite-On said after the sale of its Digital Display business unit, the company will concentrate on its core businesses and improving profitability. The company also added that it intends to increase its share in the power supply (PSU) market and actively enter into the LED backlighting business. The transaction is expected to complete in the third quarter of 2008.

    Source: DigiTimes
  2. TheGuruStud

    TheGuruStud

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    Good, b/c their DVD burners have been sucking for quite a while now. I remember using nothing but liteon

    But now, I have an awesomely cheap Pioneer that's patched and crossflashed (dvr-115d to a15j).

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