TAIPEI, TAIWAN – Compal Electronics reported consolidated revenues for 2008 fell 3% to NT$427.68 billion (US$12.88 billion). Despite the drop, notebook shipments climbed 11% to 25.5 million units.
The company failed to realize its shipment and revenue goals in 2008. According to chairman Rock Hsu, expenses, inventory and cost were still acceptable, despite the setbacks.
Goals for 2009 include improving the gross margin and establishing an innovation center in Taiwan that will generate 200 to 300 R&D jobs. Compal has also set an ambitious objective of becoming the largest notebook maker. It expects notebook shipments to reach 32 million to 35 million this year.