07.13.2001
Nan Ya Tech to start shipment to Compaq & Dell

• Development: Nan Ya Technology’s SDRAM module is reported to have made the Quality Approval List (QAL) of Compaq and Dell with orders beginning in August. However, shipment volume will only become meaningful in 4Q01.

• Analysis: This news will likely boost Nan Ya’s reputation for product quality, as the company has been regarded as a laggard. Financial contributions from the new orders are expected to be minimal in the near term.

• Primasia View: AICE reported a slight upward price movement on both the 64Mb and 128Mb SDRAM yesterday, pointing the start of a transient rally in DRAM plays in general. We regard Nan Ya Technology as a good speculative buy.

LindaLiu@Primasia.com +886-[0]2-2547-8867