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Globalsat GPS gets certified by Dell



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Globalsat GPS gets certified by Dell
Saturday, November 04, 2006

After Globalsat was certified by Blackberry and Cingular, the receiver of GPS (global positioning system) was also certified by Dell this year. It is estimated that the new products will be introduced in Q4. The revenue of Q4 can grow 60 percent over Q3's revenue. Globalsat experienced an increase of 38 percent of total revenue contributed by TomTom. The annual revenue reached NT$1.591 billion with annual growth of 122 percent. Post the products being certified by Dell, Blackberry and Cingular, the revenue of Q4 can even increase 70 percent adding up the shipment of Blackberry GPS accessories. Globalsat, in charge of design and manufacture, also started to cooperate with one of five leading electronics manufacturers in Taiwan. It is estimated that the product will be on shelf in Europe this November and come back to Taiwan and China. The revenue of Globalsat in Q3 was NT$30.55 billion. The gross rate of previous quarter might be 24 percent with profit of NT$3.7 billion. The EPS was NT$1.2 this quarter and NT$ for the first three quarters.


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