Chaintech to exit motherboard business

I'm gonna have to confirm this one, sad times if its true.
"Second-tier motherboard maker Chaintech Computer plans to phase out its motherboard business and introduce a new memory module product line in October, as IC testing and packaging house Walton Advanced Engineering has become Chaintech’s largest shareholder with a 25% stake, according to the Chinese-language Commercial Times report today.

Chaintech confirmed that the company is gearing up to launch memory module products and will gradually phase out its motherboard business. However, the launch date of the new product line has not been revised. Despite its plan to exit the motherboard market, Chaintech will carry on its graphics card business, which accounts for about 60% of its revenues at present, the paper indicated."

Related Web URL: http://www.digitimes.com/mobos/a20050908PR206.html