2nd UPDATE: VIZIO Upbeat On Growth, Eyes Listing Within Five Years
The Wall Street Journal
By: Jessie Ho
December 18, 2009
TAIPEI (Dow Jones)--Vizio Inc., a maker of low-cost flat-panel televisions in the U.S., expects shipments and revenue to increase next year in a sign demand in the consumer electronics space is picking up after a downturn.
Chief Executive William Wang of the California-based company told Dow Jones Newswires in an interview Friday the company also aims for an initial public offering within five years and doesn't rule out mergers and acquisitions to grow though Vizio isn't in talks at the moment with any companies.
"As we seek to continue to grow, we certainly need to raise more funds," said the 46-year old executive, who founded Vizio in 2002 with just US$600,000 and raised its capital to US$2.6 million by 2004.
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