Nov. 27, 2000

Mitac International corporation said Thursday that the firm beat other local counterparts to obtain LCD desktop PC orders from IBM recently. Mitac already began delivering to IBM and expects its revenue will grow considerably in 2001.

In 1999, IBM withdrew from the general retail market for consumer desktop PCs in the U.S. market. IBM terminated its relationship with Acer and switched low-end desktop PC orders to an U.S.-based counterpart.

To cope with the market change, IBM was seeking OEM partners for the manufacture of sits LCD desktop PCs in Taiwan in the past few months. Acer, First International Computer Co., Mitac, and Hon Hai Precision Industry.Co. were reportedly striving for this order.

The Mitac Group consists of Mitac Internation, Getac Corp., and Synnex Technology International Corp. It estimates to reach a total revenue of NT$ 180 billion in 2000, up 40% from 1999 ( The exchange rate presently hovers around 32,8 NT$ for the US$)