Abit still in financial trouble, starts selling buildings

[Steve]

Abit, who had trading of its shares on the Taiwan stock exchange suspended in September, remains in financial trouble, but has secured a deal to sell one of its office building to the Deutsche Bank for NT$1.7 billion.

The company will use the entire amount to retire part of its bank loans and reduce its total debts to NT$1.9-2.0 billion (US$57-60 million), said company chairman Remond Lu.

However, local investors were also caught off guard by the approval of an Abit proposal to raise the floor amount of its investments in other companies to 250% of its net worth from the current 150%.

[Digi Times]

[8bit]

Looks like the (probably) large sums of cash they paid Jonathan Wendel to stick his "Fatal1ty" name all over their products wasn't worth the investment then...

[beaNN]

lol yeah, ul abit

[mofo's]

Hope they don't go under, my nForce NF7 was one of the best motherboards to date

[dave87]

ditto what he said ^^ excellent board.

[specofdust]

I also really don't want to see them go under. The NF7-S was the best board of its generation, the best Socket A board alltogether imo, but I guess the money ain't with us enthusiats, but with the OEMs. Hope they get back in shape some time.

[jimborae]

I loved NF-7S too & i also love my AN8 Ultra so I hope this isn't the begining of the end.