Letter To Shareholders - Mitac

competitiveness
Letter
in the market
To
of professional
Shareholders
outdoor GPS navigation devices, thereby offering more
variety to MiTAC’s GPS and PND product lines in 2010.
MiTAC is also in the grasp of the latest and most sought after technology - cloud computing. With
respect to server and storage devices, MiTAC aims to expand from a standard size server supplier into
a supplier of mainstream data center products. Its branded product line TYAN will broaden its marketing
Dear channels ladies for and innovative gentlemen: energy-saving servers and high performance computing (HPC) solutions
etc. As for terminal products, MiTAC will continue its development of thin clients and Internet connectivity
First allow products me to express provide my integrated sincere gratitude solutions to for all cloud our shareholders computing. for their support to MiTAC for the
past year. Although the macro environment in 2009 was still shadowed by the global financial crisis,
In MiTAC terms still of engaged environmental all challenges policies, and MiTAC continuously is deeply concerned increased about our competitiveness the growing global and core warming technology
within the In business order to environment. meet the requirements This is the time of future for us greenhouse to muster our gas energy (GHG) reduction and capture standards, oppor-
phenomenon.
the tunities company in the activated upcoming greenhouse technological gas trend. inspection mechanisms and implemented the relevant
energy-saving measures since August 2007. Furthermore, MiTAC successfully introduced a halogenfree
Revenue, production profitability, process, raised research the standard and of development
its suppliers management, and acquired green partner
certification from world renowned Japanese manufacturers in 2009. The company also delivers the
necessary MiTAC generated environmentally revenues friendly totaling standards NTD 58.039 such billion as low in 2009 toxic, and energy-saving, delivered a net and profit recyclability before tax of
requirements $376 million; earnings demanded per by share its customers. (EPS) amounted to $0.19. Since the company did not produce any
public financial forecasts for the year 2009, there is no related data available for this report.
2010 business overview
MiTAC is committed to its core value on innovative and revolutionary research and development, thus
We consistently have recovered provides from more the than bottom 3% of its global revenues economic for research recession. and In development 2010,MiTAC shall expenses focus in on order the to
growth maintain of its its competitive three main businesses: advantage developing technological high and value-adding product innovation. navigation The software company and also outdoor made
GPS several devices breakthroughs to achieve in 2010 terms sales of that consumer surpass electronics previous year’s design. level. Its proprietary Target corporate GPS navigation servers and products,
branded devices Mio, to provide wins innovation cloud computing awards almost solutions; every introduce year. In 2009, innovative several energy-saving of its product servers, lines
storage
high-performance including Mio Moov380, servers, Moov410, and high and performance MoovS700 computing all received solutions; the ”IF” design increase award, the market while its share navigation
cell phone network K75 received coverage the of “Best our TYAN Choice” brand. award As of for Computex terminal products, Taipei. These our efforts acknowledgments shall be focused had
once the again development proven MiTAC’s of Internet superior connectivity innovative and design thin clients capabilities. computers, thereby enabling closer
and
distribution
technological association between cloud computing and terminal products, as well as market growth.
The impacts of the external competitive environment, the regulatory environment,
the coming and the year, overall MiTAC is dedicated business to environment
providing optimal solutions to consumers all over the world
In
based on its core values of “innovation”, “evolution”, “teamwork” etc; offering one-stop shopping,
supply The recent and global services financial from cloud crisis computing had devastated to consumer the IT industry electronics in 2009; for the all product greatest sales interests except of its
customers, laptops have employees, declined. The and market shareholders. of PND (Portal Navigation Device) with built-in GPS functions also
encountered a slight decline. Based on the estimation of market research institution – Canalys, the sale
of PND reached 38 million worldwide 2009; this was a 7% decline from the 41 million units sold in 2008,
Best and the regards sales volume is expected to reach 39 million worldwide in 2010.
There is still potential for the growth of the GPS market. In addition to its continual efforts in the PND
market, which simultaneously involves entertainment, Internet connectivity, and digital TV functions,
MiTAC will also be focusing on the development of high value-adding navigation software. The
consumer oriented GPS navigation brand, Magellan, Chairman purchased Mathew in 2009 Miaucontributed to MiTAC’s
President Billy Ho