Asus Reports First Ever Quarter Loss
"The global economies weakened state continues to affect players in the computer industry"
Published: 13th January 2009 | Source: DigiTimes |
The struggling global economy continues to hurt the computer industry as people find themselves less wanting of expensive computers. For the first time ever, component manufacturer Asus has posted a quarterly loss to the tune of just over $100 million. However, unlike some of the big names, such as AMD, who have resorted to layoffs, Asus has chosen to weather this storm with a more noble method. Until things are back to normal, all Asus executives above the level of vice president will take a 30% pay cut. That's not all. Members of the board of directors will be taking a massive compensation reduction of 60%.
Asus, for taking such a commendable action in these hard times, I salute you.
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