VIA Announces 3Q’04 Results

Taipei, Taiwan, 29th October 2004 – VIA Technologies, Inc, a leading innovator and developer of silicon chip technologies and PC platform solutions, today announced financial results for third quarter 2004.

Net sales for 3Q’04 were NT$5,591 million, and net income was (NT$50 million). Based on the current 1,238.911 million shares outstanding, earnings per share were reported as (NT$0.04).

Table 1: Quarterly Income Statements

3Q04 1Q04-3Q04
(in NT$Million, except EPS) Amount % Amount %
Net Revenue 5,591 100.0% 14,485 100.0%
Cost of Goods Sold (4,142) -74.1% (10,280) -71.0%
   Gross Profit 1,449 25.9% 4,205 29.0%
Operating Expenses (1,051) -18.8% (3,668) -25.3%
   Operating Profit 398 7.1% 538 3.7%
Non-Operating Income 400 7.2% 792 5.5%
Non-Operating Expenses (851) -15.2% (3,063) -21.1%
   Income Before Tax (52) -0.9% (1,733) -12.0%
Income Tax Credit (Expense) 2 0.0% 60 0.4%
Net Income (50) (0.9%) (1,673) -11.6%
EPS (1,238,911K shares, treasury shares excluded) ($0.04) ($1.35)

Table 2: Balance Sheet

Sept 30th, 2004
(in NT$Million) Amount %
Cash & ST Investment 6,998 24.8%
Receivables 3,638 12.9%
Inventory 4,279 15.2%
Other Current Assets 521 1.8%
   Total Current Assets 15,436 54.7%
LT Investment 8,927 31.6%
Fixed & Other Assets 3,843 13.6%
   Total Assets 28,206 100.0%
Current Liabilities 6,324 22.4%
LT Debt 2,350 8.3%
Other Liabilities 217 0.8%
   Total Liabilities 8,890 31.5%
   Total Shareholders’ Equity 19,316 65.5%
VIA Technologies, Inc.