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Epox comments on bounced check - PCstats.com Epox comments on bounced check
Wed, April 04 2007 | 4:02PM | PermaLink Feedback?
Digitimes reports some troubling news about motherboard manufacturer, EPOX. We've always had a special place for Epox motherboards here, and it will be sad if the company cannot continue to produce in what is easily the most competitive year for mobo makers.

"Second-tier motherboard maker Epox Computer made an announcement on April 3 in regards to the recent bouncing of a company check. Steve Hsiao, chairman of Epox stated that a company check in the amount of NT$10.63 million (US$320,000) bounced on April 2, due to a delayed fund transfer from shareholders. The company is currently negotiating with the check holder for a payment extension and hopes to clear its record. The check bounce will not affect business operations, Hsiao stated Hsiao did not provide details of the the nature of the stated fund transfer from shareholders. Hsiao also pointed out, that Epox will hold a shareholders meeting on April 4 to discuss a private placement in an amount ranging from NT$100-300 million to help resolve the company's financial issues."

FULL STORY @ Archived from DIGITIMES
http://www.digitimes.com/NewsShow/MailHome.asp?datePublish=2007/4/4&pages=PD&seq=211
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