Taipei,
Taiwan - October 30, 2003 - ATEN International,
Taiwan's leader in digital connectivity
products and KVM switching, announced today
their stock is now trading on the Taiwan
Stock Exchange under the symbol "6277"
at an initial price of 110 NTD per share.
With 24 years of connectivity experience,
ATEN is taking the next stride as an industry
leader, opening its books and allowing the
public a stake in its bright future.
Annual sales for ATEN in 2003 are projected
to reach 1,958 million NTD with a total
of 731 million NTD Paid-in Capital. ATEN's
Net Income for 2003 is projected to reach
482 million NTD, an estimated EPS yield
of 6.7 NTD per share.
With the increasing growth of businesses
upgrading their outdated PC and server network
topologies, the connectivity industry continues
to expand to meet this global demand.ATEN
has defined itself as the premium designer
and manufacturer of innovative KVM switches,a
vital tool for optimal management of corporate
enterprise servers and small office/home
office multiple PC access and digital convergence.
Recently, ATEN International experienced
a record month of October reaching a revenue
high of 284 million NTD, a growth rate of
18.30% compared to last year. Sales as of
October 31st hit 1,580 million NTD compared
with last year's 1,490 NTD, translating
to 5.59% annual growth.As of October 31st,
pretax income reached 1,490 million NTD,
87.92% of the original year end projection
for 2003.
" Not only are we in a leading position
in the Asian market, but we have been promoting
the ATEN brand and expanding within the
European and the U.S. markets. With the
approach of the holiday season, we are confident
that our 4th quarter will experience a significant
boost in sales and profits. ATEN has already
received orders in excess of 200 million
NTD for the month of October. Our high-end
products account for 13% of the total sales
for the year, expected to increase to 20%
by the end of next year. The sale of ATEN's
high end brand-owned products will also
increase from 60% this year guaranteeing
noticeable growth in sales and profits "
said Kevin Chen, President and CEO of ATEN
International Co., LTD.
With regional headquarters in Taiwan, China,
Belgium, the U.S. and Canada, ATEN represents
a large share of IT product manufacturing,
supply and distribution in the global marketplace.
ATEN consistently invests 10% of its yearly
budget into R&D, a commitment to future
innovation that few other companies can
boast. ATEN International also designs and
manufactures quality data communications
and USB / FireWire products for its customers.
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