Letter To Shareholders - Mitac

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alances of loans made to others as at the end of 2009 and 30 Apr 2010 were both 0. 3. Endorsements and guarantees to outsiders were conducted in accordance with “Procedures for Endorsements and Guarantees”. The maximum endorsement/guarantee limit was capped at NTD31,312,383 thousand as at the end of 2009 and NTD31,521,671 thousand as at 30 Apr 2010; outstanding balances of endorsements/guarantees made on these dates were NTD535,169 thousand and NTD513,923 thousand, respectively. 4. The company has derivative transactions conducted according to the “Procedure for Derivative Trading”. 7.5.4 Future R&D and budgeted R&D expenditures: 1. In 2010, R&D expenditures are budgeted to be NT$ 2 billion. 2. Future R&D projects (1) Client system business products ‧High-performance PC gaming computers ‧Personal computers with wire or wireless networking features ‧High-performance low-cost dual-core processor-based workstations ‧System protocol and integration of thin client computers & servers ‧R&D of all-In-One LCD computer technologies ‧Development of point of sale (POS) technology. ‧Technological development relating to mobile Internet connectivity. (2) Enterprise products ‧RISC/CISC processor based structure. ‧High performance servers. ‧Optimized virtual servers. ‧GPU supporting servers. ‧Communication servers. ‧Storage devices and system administration software. ‧High performance workstation. (3) Mobile communication product series and mobile positioning services ‧Technology for integrating computers and communications ‧ Integration of data access, voice, and wireless broadband communications functionality ‧ Technologies for developing web-centric personal computers, IA products, communications devices, and storage solutions ‧Technology for multimedia applications ‧Wireless communications and networking technologies ‧Technology for wireless communications equipment ‧Development of new digitalized multimedia technologies to create new business opportunities and the foundation for related products ‧Operating systems and application software ‧GPS and electronic navigation technologies and location based service. ~166~
(4) Enterprise and channel servers/ workstation products ‧High-performance servers/ workstation (four-socket or eight-socket HPC server/ workstation) ‧R&D of high-density servers ‧Blade servers ‧Technologies for storage devices ‧ODM server/ workstation platform development and production ‧Cloud computing server development. 7.5.5. The impact of major changes in domestic or foreign government policies and laws in recent years on the company’s financial condition and business, and our countermeasures: None. 7.5.6. Technology changes and industry changes in the most recent year and the impact on the company’s finances and sales, and our countermeasures 1. Client system business products: Due to the intense competition and the rapid price decline in computer hardware, our countermeasures are to develop lower-cost products and to speed up the development for new products, and to increase the differentiation in products and shorten the time needed for mass production. Also, to deal with the economic recession, we will continue to lower production costs and differentiate our products, increase added-values for understanding users’ needs and shorten the time needed for mass production. 2. Enterprise products: Due to the recession, enterprises generally invest less in technologies. As a result, each single product contributes less to our revenue. In addition, vendors are cutting prices in order to obtain more orders, thus putting pressure on profit margins. Therefore, we need to use more R&D workers to devote to new product projects in order to achieve the same level of revenues and profits as in the past. The invention of high-density server products should increase average per-unit prices and production value. 3. Mobile communication product series: The focus of mobile communication technology development is shifting towards energy-saving, highly integrated functions, and faster data transmission speed; whereas the focus of product development is shifting towards portability, fashionable design, quality finish, and simplified operational interface. Combined with advanced technologies, the industry has set goals to accomplish absolute wireless connection, hands free, and voice recognition. The company plans to integrate wireless broadband technologies into future handheld devices, research and develop duplex communication to embrace the unlimited opportunities of connected digital services. 4. Enterprise and channel server/ workstation products: The hardware and software technology of the server industry is constantly improving. CPUs used in servers evolved from dual core, 4-core to 6-core or even 12 –core; the production of which also improved from 65 nm, 45nm, to 32nm while memory modules expanded from 1GB to 16GB with DDR III standard. GPUs that deliver faster performance than CPUs have also become available; combined with the rapid growth of the cloud computing industry, the server industry is attracting competition from IT participants around the world. How a company maintains a stable working relationship ~167~
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009 ANNUAL REPORT StockNo:2315 2009
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Contents 1. 7. Assessment Letter To
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competitiveness Letter in the marke
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2007 2009 2008 2005 2006 2007 Compa
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2007 2009 2008 2005 2006 2007 Compa
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3.1.2 Responsibilities of major dep
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Names Chairman Mathew Miau Director
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Titles Names Dates took position Sh
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Titles Vice president Vice presiden
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Below 2,000,000 Remuneration Rankin
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Titles Names MiTAC Salaries (A) In
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Managers Receiving Employee Bonuses
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3.3.2 Supervisors’ participation
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Items Status Differentiation with o
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3.3.4 Social contribution to enviro
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3.3.6 Important resolutions reached
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3.4. CPA’s dues Range of Audit Re
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3.7 Relationships between the top t
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3.8 Aggregate shareholding percenta
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2. Preferred stock: None 4.1.4 Majo
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latest financial year after taking
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MiTAC International Corp. Regulatio
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converting price is to be adjusted
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total issuance value, the Company m
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4.3 Employees’ stock options 4.3.
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April 30, 2010 Type of employees’
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April 30, 2010 Units:NT$ Thousand/
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April 30, 2010 Units:NT$ Thousand/S
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‧Personal computers with wire or
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(6) Since many worldly famous compa
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communication technologies mature i
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manufactured for the mainstream mar
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state-of-the-art hardware with navi
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devices, establishes connection wit
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downstream technologies to develop
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2009, and 1.3 million units sold in
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customer satisfaction for a greater
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5.2.2 Important applications and pr
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Volume/value Year 2008 2009 Major p
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5.4.2 MiTAC’s environmental healt
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consumption. To comply with the REA
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and the integration of all our comp
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6. Financial Statement 6.1. Most re
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6.2. Financial analysis in most rec
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6.3. Supervisors’ Report of the m
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MITAC INTERNATIONAL CORP. AND SUBSI
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2.Research, development, manufactur
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4) Classification of current and no
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11) Allowance for doubtful accounts
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18) Convertible bonds For convertib
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C. When a company’s treasury stoc
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B. The Company's investee, G. Marso
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D. Lian Jie Investment Co., Ltd. ma
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than the sum of carrying value of i
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Page 121 and 122: 17) Capital reserve The R.O.C. Secu
Page 123 and 124: 19) Share-based payment ─ employe
Page 125 and 126: (b) As of December 31, 2009, the su
Page 127 and 128: G. (a) A summary of the movements u
Page 129 and 130: (c) The Company assumed the employe
Page 131 and 132: exceed the sum of retained earnings
Page 133 and 134: C. Components of deferred income ta
Page 135 and 136: 21) Earnings per share Income befor
Page 137 and 138: treasury stock. 23) Personnel, depr
Page 139 and 140: E. Accounts payable As of December
Page 141 and 142: 10. OTHER INFORMATION 1) The fair v
Page 143 and 144: (c) Short-term financial instrument
Page 145 and 146: 11.SUPPLEMENTARY DISCLOSURES A. Inf
Page 147 and 148: Note 2: 47,500,000 shares were pled
Page 149 and 150: (8) Receivables from related partie
Page 151 and 152: B. Information of Subsidiaries: (1)
Page 153 and 154: Note 3: Equal to 50% of the net wor
Page 155 and 156: (5) Marketable securities for which
Page 157 and 158: (10) Information on derivative tran
Page 159 and 160: ) Major transactions with the subsi
Page 161 and 162: D) The relation of business and imp
Page 163 and 164: 12. SEGMENT INFORMATION 1) Operatio
Page 165 and 166: 7 Assessment of financial condition
Page 167 and 168: 7.3 Cash flow analysis Unit: NT$ Th
Page 169: 7.5.2 Influences of the interest ra
Page 173 and 174: 8.1. Information of affiliates 8.1.
Page 175 and 176: 2. Affiliated companies - basic dat
Page 177 and 178: Company Name Date established Addre
Page 179 and 180: MiTAC (U.K.) Ltd. Sales of MiTAC’
Page 181 and 182: Company name Title Name or Rep. Sha
Page 183: 8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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