GMI Technology News

GMI Technology Inc. (Public, TPE: 3312) today announced financial results for 1st quarter of fiscal year 2009. For the three month period ending March 31, 2009 net revenue was US$ 62.6 million, a decrease of 7.8% versus the same quarter in 2008, and an increase of 3.5% from the previous quarter. After-tax profit for the period was US$ 1.6M, versus a loss of US$ 1.0M in the same quarter in 2008.               Commenting on the announcement, Weylin Wang, president of GMI Technology, said, "We are very pleased  with our overall results, especially based on the very challenging worldwide economic situation. Our revenue was slightly better than our target and our net profit was significantly better than target. Our strong bottom line results benefited from our improved expense structure and the numerous restructuring actions we took in 2008. Despite the difficult economic environment, GMI Technology continues to be optimistic about the remainder of 2009 and our long term future growth."   Detailed financials can be found on GMI Technology is website at

GMI Technology Inc. (Public, TPE: 3312) today announced that it has entered the fast growing Netbook market. GMI Technology will focus on providing a full range of key components to China Netbook manufacturers, including OEMs, ODMs and System Integrators. Shipments to initial customers have already started.   Commenting on the announcement, Pete Andreyev, vice president, GMI Technology, said,“Netbooks are the fastest growing IT and Consumer Electronics market segment worldwide, and the vast majority of Netbooks worldwide will be produced in mainland China. GMI Technology is very excited to become a leading player in this market. The key components required to produce a Netbook fit very well with GMI Technology is existing broad product portfolio, and we will selectively add new product lines to ensure we can provide our Netbook solution providers with a complete range of components.  GMI Technology is very optimistic about the growth of the Netbook market segment and with our company’s participation.” 

GMI Technology Inc. (Public, TPE: 3312) today announced financial results for 4th quarter and fiscal year 2008. For the 4th quarter ending December 31, 2008 net revenue was US$ 60.4 million, a decrease of 11% versus the same quarter in 2007 and a decrease of 14% versus the prior quarter. For the twelve month period ending December 31, 2008 net revenue was a record US$ 270.5 million, an increase of 11% versus 2007. The company reported an after-tax loss of US$ 602 thousand for the year compared to an after-tax profit of US$ 2.0 million in 2007. Over the past seven years GMI Technology is net revenues have increased an average of 34% per year, among the leaders in their business segment.   Commenting on the announcement, Weylin Wang, president of GMI Technology, said, “While we are pleased with our top line revenue growth in a very challenging 2008 economic environment, we are disappointed in our company’s bottom line results. Our net profit in the 2nd half of the year was significantly better than in the 1st half despite a weakening economy, due to the restructuring activities we started in July. We are confident to deliver year over year revenue and profit growth early in 2009. Although we remain cautious about the future overall economic, we are optimistic about…

GMI Technology Inc. (Public, TPE: 3312) announced that it has started initial shipments of Ours Technology Inc. (OTi) 2ndgeneration Data Bridge Controller. The new OTi2208 combines the functions of host-to-host data transfer with the controller for flash disk storage, and is provided with unique value-add software. Both Microsoft Windows and Apple Mac operating systems are supported.    Commenting on the announcement, Dickson Chan, vice president of GMI Technology, said, “We are excited with the design-in opportunities, both for stand-alone products and for integration into PCI card modules, of the industry leading OTi 2208. Our customers have been very receptive to integrating this new functionality and we are optimistic of the growth in this business segment in 2009 and beyond”.   “We are very pleased with our continued partnership with GMI Technology”, stated David Cheng, OTi President & CEO. “GMI Technology is strong engineering and sales team, market coverage, and broad customer base will enable us to significantly grow our Greater China business”.

GMI Technology Inc. today announced record shipments of DVR chipsets. For the quarter ending December 31st, 2008 unit shipments more than tripled from the prior quarter. DVR chipsets provide the core processing power for home TV recording solutions. All chipsets were sourced from GMI Technology is strategic partner, Realtek Semiconductor Corp.   Commenting on the announcement, Dickson Chan, vice president of GMI Technology, said, “We are extremely pleased with the continued growth in our multimedia business in the rapidly growing Greater China market. In addition to our outstanding unit shipment growth, we have significantly increased our sales revenue and profit from this segment. DVR chipsets are a strategic focus for GMI Technology and complement our other consumer electronic product lines, and we are very optimistic about GMI Technology is future growth in this segment. We greatly appreciate the outstanding support from our strategic partner, Realtek Semiconductor Corp.”

GMI Technology Inc. (Public, TPE: 3312) continues to strengthen it’s broad product portfolio by partnering with JMicron Technology Corporation. GMI Technology will work with solution partners to design-in JMicron’s high quality IC products, including the JMF36X( PCIe to SATA) and JMF60X(SSD). Commenting on the announcement, Pete Andreyev, vice president of GMI Technology, said, “We are excited to partner with JMicron. Their leading interface technologies present numerous new business opportunities across both our consumer electronics and IT market segments”. “We are very pleased to add GMI Technology as a distribution partner”,statedJet Huang, JMicron COO & Executive VP. “GMI Technology is strong engineering and sales team, market coverage, and broad customer base will enable us to significantly grow our Greater China business”.

GMI Technology Inc. today announced record shipments of hard disk drives (HDDs). For the year ending December 31st, 2008 unit shipments increased 331% from the previous year. All HDDs were sourced from GMI Technology is two strategic partners, Hitachi Global Storage Technologies and Toshiba Digital Media Network.   Commenting on the announcement, Pete Andreyev, vice president of GMI Technology, said, “We are extremely pleased with the continued growth in our HDD business, and are proud to be the fastest growing HDD provider in the rapidly growing Greater China market. In addition to our outstanding unit shipment growth, we have significantly increased our sales revenue and profit from this segment. HDDs are a strategic focus for GMI Technology and complement our consumer electronics and IT product lines well. We have now achieved our strategic objective for HDDs to become one of our company’s core businesses, several quarters earlier than planned. We continue to be very optimistic about GMI Technology is future growth in this segment. We greatly appreciate the outstanding support from our strategic hard disk drive partners, Hitachi and Toshiba, to enable our achievements.”

GMI Technology is MIS Department has implemented and deployed a Knowledge Management (KM) & e-Learning platform to integrate operations applications and improve company efficiency internally. This KM & e-Learning platform will enable G.M.I to strengthen its corporate culture and improve information flow internally. Through this system, employees will be able to take advantage of knowledge sharing, searching, and management to more effectively translate corporate knowledge into corporate wealth. GMI Technology has also incorporated Standard Operating Procedure (SOP) and Enterprise Resource Planning (ERP) training documentation into the system for companywide access. Staff members can use this platform to learn and discuss company procedures such as SOP and ERP online as well as suggest improvements and revisions ??this online communication platform ensures faster response times and shorter cycles for company initiatives. In addition, field personnel working in GMI Technology service centers throughout Greater China now have real-time access to the most up-to-date info through features such as file management systems, project management forums, and technology discussion boards. "Our new KM & e-Learning platform enables employees to search and exchange business critical documents and information using the most modern file management and business communication technologies," said Timothy Chang, Director of the MIS Department…

To prepare for the rapidly expanding digital imaging market, GMI Technology is working with Jeilin Technology (http://www.jeilin.com.tw) to develop solutions for Digital Photo Frames. These finished modules have already reached mass production. Jeilin's JL4200B chip incorporates a full set of features including memory card interface, USB interface, JPEG Decoder and Audio/Video DAC. This chip is intended for applications such as Digital Photo Frames, Photo Banks, Photo Viewers, and USB Card Readers that support external LCD TV connectivity. Using this high-performance solution, GMI Technology has developed a total solution for Digital Photo Frame. This solution makes use of Jeilin's IC, Etron's DRAM, and Toshiba's HDD or flash memory in order to handle signal processing for photos and animations. GMI Technology offers customers software and firmware design ??turn-key solutions for Digital Photo Frames. These include small-to-medium sized panels from Realtek and Myson-Century and high-quality CPT display panels. "Digital Photo Frames received warm welcomes at both the CE & CeBit exhibitions this year," said Hermes Chang, Director of the Consumer Electronics Division in Taiwan. "With dropping panel prices and the shipment of one million panels by the world's largest panel manufacturer, Philips, we have high confidence that we will see at least double…

Thanks to the full product lineup of SigmaTel (Public, NASDAQ: SGTL), GMI Technology (Public, TPE: 3312) is able to provide a complete suite of portable consumer electronics solutions for 2006. Following last year's acquisition of Oasis, Protocom, and Rio's R&D team for portable HDD Mp3 players, SigmaTel has consolidated its position in Consumer Electronics with technical developments and patents in MFP (Multi-functional Printing), video codecs, and audio technologies. SigmaTel will begin promotion of the STMP3600 Series IC in 2006. This solution cuts power consumption by over 50%, reduces PCB space by 20%, and provides easy integration with additional components and features such as wireless functionality. GMI Technology and SigmaTel have been partners in Mp3 since 2002, and SigmaTel has become one of GMI Technology is most important suppliers. GMI Technology maintains SigmaTel project teams consisting of sales, marketing, FAE and R&D staff in service centers throughout Greater China. These expert teams provide downstream manufacturers with MP3 solutions and technical support for SigmaTel Mp3 projects. "SigmaTel has become a leader in Mp3 market and is at the forefront of Mp3 technology," said Bruce Lee, Managing Director of GMI Technology is Consumer Electronics Division in Taiwan. "In addition to portable A/V products,…

GMI Technology (Public, TPE: 3312) is expecting a year-on-year growth of over 50% for sales volumes of Realtek LCD controllers. Realtek Semiconductor (Public, TPE: 2379) is a key product supplier for GMI Technology The two firms have collaborated on projects that cover Realtek's full line of communication network ICs, including Network Interfaces, Switches, Gateways, Broadband Access Controllers, and wireless networking ICs. Additionally, both firms have worked together to develop solutions for the full series of PC peripherals and multimedia application ICs for applications such as Audio Codecs, Card Reader Controllers, Clock Generators and LCD Controllers. One important GMI Technology offering is that of Realtek's LCD Controller for 15"/17"/19" display panels. In addition to helping fulfill parts demand for Realtek products, GMI Technology also provides firmware Design-in services for downstream customers. In 2005, Taiwan-based customers utilizing these services represented a large proportion of GMI Technology is sales revenue for Realtek. On average, GMI Technology shipped over 500k LCD controllers per month. "GMI Technology sees fantastic potential in the Mainland market for Realtek products, and in 2006, we expect to ship an average of more than one million Realtek LCD Controllers per month for the Greater China market," said Stone Lin, Senior…