In order to response to rapid increasing business and workload, Mr. Charles Wu (the current Chairman and President) has resigned the position of President.  Accordingly, the management board has approved the assignment for appointing Mr. T.L. Liu as the New General Manger , effective on the first of December of 2001.

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 With only s small growth, the economic situation of the Third Quarter in the PCB market did not bounce back as expected. After the tragic event of September 11 and other revengeful actions that have taken place since then, the estimated economic situation of  the Fourth Quarter is that it will remain a slow quarter.

Network system and telecom system PCB markets are expected to e the same. However, the changing in unit price is within tolerance and won’t have a big impact on the revenue. On the other hand, the unit price of IC Substrate has dropped dramatically, which was beyond our expectations. His will probably influence the total revenue and profit of the company.

In the computer market, we expect the market size to remain the same, although Compeq has won some extra orders from this product group. The extra orders will help to fill up the idle capacity but the contribution to the revenue is limited because the unit price is lower than the other product groups.

With the above conditions, Compeq is estimated to have a descending profit and review for the year 2001.(10/16)