BenQ President, K.Y. Lee, Commences Day of Trading on NYSE with Honorary Opening Bell Ceremony.Business Editors CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--May 30, 2002 Celebrating Lee's Appointment as Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BenQ-affiliated AU Optronics and Honoring AU Optronics' U.S. IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. BenQ Inc., formerly Acer Peripherals (Acer Communications & Multimedia), announced that chairman and president Kuen-Yao Lee (K.Y. Lee) has been invited to ring the honorary Opening Bell at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) and commence the day's trading for Thursday, May 30 at 9:30 a.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT . Currently chairman and president of BenQ Corp., Lee will now hold the dual additional roles of chairman and CEO of AU Optronics (NYSE:AUO AUO Au Optronics Corporation AUO Administratively Uncontrollable Overtime AUO Active User Object AUO Aggravated Unlicensed Operation (of a Motor Vehicle) AUO Area Utilization Officer AUO alt.usenet. ). AU Optronics is the third largest manufacturer of LCD panels in the world. BenQ currently owns a large equity stake in this flat panel manufacturer -- whose liquid crystal display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. (LCD) components are commonly used in many of today's flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time devices. About Kuen-Yao Lee (K.Y. Lee) Lee has worked for the Acer Group since 1976. He currently oversees global expansion and operations for BenQ. Lee joined Acer as manager of the R&D department, and has since held several key positions in sales, marketing, strategic planning, engineering and manufacturing. In recognition of his leadership skills, Lee was honored with the 1987 Outstanding Manager of the Republic of China award from the R.O.C. government and was granted the 1994 Premier Award by Business Weekly Taiwan. In 2000 he was elected the 4th Leading CEO in Taiwan by Business NEXT, and then in 2001, Taiwan's Global News elected him number 11 in the Taiwan top Technology Leader rating. About BenQ Formerly Acer Peripherals (Acer Communications & Multimedia), BenQ is one of the world's top three manufacturers of LCD displays and an industry leader in digital lifestyle devices that encompasses the display, storage, imaging, wireless and broadband areas. BenQ has manufacturing plants in Malaysia, Mexico, China and Taiwan. The company has more than 12,000 employees worldwide, supporting a strong global sales marketing and service network spanning Asia Pacific, Europe and the Americas. BenQ's F/Y F/Y Fiscal Year F/Y Financial Year 2001 revenue is $3.3 billion, with a forecast of $5.6 billion for F/Y 2002. BenQ has research and development facilities in Taiwan (Hsinchu Lab) and China (Suzhou Software Development Center), and has amassed nearly 1,000 global patents. For more information about BenQ, visit its Web site at: www.BenQ.com. About AU Optronics AU Optronics Corp., with headquarters at Hsinchu, Science-Based Industrial Park, Taiwan, is a leading manufacturer of TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display modules in Taiwan and around the world. The company offers a broad range of TFT-LCD products and related services to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturers and brand companies. For more information, visit http://www.auo.com. Note to Editors: All trademarks and registered trademarks are the property of their respective owners.
WHEN: Thursday, May 30, 2002 -- NYSE -- 20 Broad St. Checkpoint
9 a.m. Media escorted into the building for bell ringing
9:30 a.m. The Opening Bell is rung.
CONTACT: Media interested in the bell ringing must contact Jennifer
Hayes in order to obtain entry into the building.
PHOTO/VIDEO:
Photos available via Associated Press/New York
(212/621-1902), Reuters America (646/223-6285) and
Bloomberg Photo (212/893-3420).
The Opening Bell (starting at 9:25 a.m.) and The Closing
Bell (starting at 3:55 p.m.) feeds are available via fiber
line at Waterfront #1630. The NYSE Daily News Feed is
available from 2:30 p.m. -- 2:45 p.m. (EDT) via satellite
at Telstar 6, Transponder 11, C-Band and by fiber line at
Waterfront #1630. A re-broadcast of the NYSE Daily News
Feed is also available following The Closing Bell feed
(starting at 3:55 p.m.) and can be accessed by fiber line
at Waterfront #1630.
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