Asustek backed-up inventory worth $1.19 billion
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Jerry Shen, president of Asustek Computer disclosed that the company’s current stockpiled inventory is worth NT$40 billion (US$1.19 billion). Now as bad as this situation is for ASUS I’d love to see a picture of that warehouse!
Shen noted that the company is doing all it can to clear its inventory and expects levels to return to normal by the end of February, however, Shen remains conservative over with whether Asustek can be profitable in the first quarter of 2009. Shen expects Asustek’s LCD monitor, motherboard and graphics card inventories to be completely cleared by the end of March.
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