DigiTimes has some news on the ABIT stock market issue we reported last week.

The Taiwan Stock Exchange (TSE) yesterday denied a request from Abit Computer to allow its stock to be traded on the TSE under normal conditions, given that the motherboard maker has still failed to provide documents that would clarify its sales in 2003 and the first half of this year, the TSE said in a statement.

The TSE downgraded Abit's stock, on December 16, to requiring full delivery in cash due to erratic sales transactions and investments recorded in the company's financial reports.

Following the downgrading, the price of Abit's stock has fallen by its 7% daily limit for seven consecutive sessions, to close at NT$5.30 yesterday, according to the TSE.

When asked, an ABIT spokesperson did not want to comment on the situation.