Medion MIM 2230
Medion MIM 2230 Laptop & Notebook, size: 3.5 MB
Here you can find all about Medion MIM 2230 like manual and other informations. For example: review.
Medion MIM 2230 manual (user guide) is ready to download for free.
On the bottom of page users can write a review. If you own a Medion MIM 2230 please write about it to help other people.
[ Report abuse or wrong photo | Share your Medion MIM 2230 photo ]
Netzteil Ladekabel mit Schalter 19V 3,42A FSP065 ASC f r Medion ...
User reviews and opinions
|xkrama||9:58am on Wednesday, July 21st, 2010|
|Replacement Laptop / notebook AC / DC Adaptor Ordered this item late on Sunday evening and received it Tuesday morning!|
|keithrw||5:14am on Thursday, March 11th, 2010|
|Review Very good service. The device did not work on my laptop so i sent it back and the company gave me a refund straight away.|
Comments posted on www.ps2netdrivers.net are solely the views and opinions of the people posting them and do not necessarily reflect the views or opinions of us.
>>>>>> SATA DRIVER <<<<<<
From: Cybill Casale <casalefoferiq1532@xxxxxxxxx> Date: Thu, 18 Jun 2009 04:39:(PDT) ******************************************************************* ******************************************************************* ENTER HERE: >>> http://find365.com/about/SataDriver <<< ******************************************************************* *******************************************************************
.. >>>>>> SATA DRIVER <<<<<< 1
>>>>>> SATA DRIVER <<<<<<.. >>>>>> SATA DRIVER <<<<<< 2
>>>>>> SATA DRIVER <<<<<<.. >>>>>> SATA DRIVER <<<<<< 3
>>>>>> SATA DRIVER <<<<<<.. >>>>>> SATA DRIVER <<<<<< 4
>>>>>> SATA DRIVER <<<<<<.. >>>>>> SATA DRIVER <<<<<< 5
>>>>>> SATA DRIVER <<<<<<.. sata drivers compatible with windows xp foxcon sata server driver sata install drivers no disk sata ii nedd driver compal sata xp drivers sata centos dvd driver cavalry sata driver driver sata vt8237 sata wdc windows98 driver download >>>>>> SATA DRIVER <<<<<< 6
>>>>>> SATA DRIVER <<<<<< mim 2230 sata drivers easy way to add sata drivers via 6421 sata x64 drivers best connectivity sata pcmcia drivers sata hard derive driver a7n8xe sata drivers sata drivers for ecs wesrten digital x64 sata driver dos driver for sata cdrom shuttle sata drivers slip stream sata drivers silicon image 3112 pcmcia sata drivers encore sata driver xp sata drive drivers msi kt6v sata driver xw4200 sata raid driver driver sata raid vt8237r via pt800 sata driver acer 4315 xp sata driver intel sata raid driver windows 2003 p4p800 sata driver download sata drivers for pcchips a13g sata driver for samsung hdd uli sata driver asrock windows sata driver supermicro adaptec embedded sata raid driver sata windows vista 64 drivers sata driver pg29 vgnfz21e sata driver for xp maxtor 6l100m0 sata drivers nec sata drivers vgcrb50 sata drivers xp setup sata drivers intel sata driver highpoint sata dos drivers sata raid driver asus a8n32 xp 64 sata via driver l45s7423 sata driver asus pcdl promise sata xp driver driver sata xp sata driver hitachi driver xp enhanced ide 5400 sata matrox pci sata drivers sata dos driver intel ahci sata driver hp pavillion dv6000 sata driver abit fatal1ty an9 32x sata drivers intel 82801gbm sata ahci controller driver elitegroup 945gctm sata driver xw4300 workstation sata driver gigabyte sata drivers gak8u939 vista x64 >>>>>> SATA DRIVER <<<<<< 7
>>>>>> SATA DRIVER <<<<<< ati sata drivers pnp0600 cc 101 windows ich5 sata drivers nec sata cd dos driver nvidia 680i sli vista64 sata drivers drivers sata asus sis sata raid controller driver download nvidia a7n8x sata hdd drivers cleo d900t sata driver marvell drivers sata sata driver inspiron 9400 promise 378 sata drivers installing xp on sata driver mim2230 sata drivers sata driver download m2nsnvm s motherboard sata drivers for satellite a205 s5804 intel sata driver 965 slipstream sata drivers with windows xp sata raid drivers for st336607lw maxtor 160gb sata 8mb driver alienware promise 378 sata drivers nlite sony viao sata drivers windows xp altiris image g2 g4 sata drivers nforce4 ultra sata driver sata driver hdd hitachi dos sata driver windows xp sata controller driver downloads drivers for sata cd rom support maxtor sata 150 pci drivers asus a8vxe sata driver samsung sata linux drivers maxtor sata 150 pci card driver acer aspire 5920 sata driver windows vista sata driver highpoint rocketraid 174x sata driver loading sata driver without floppy 680i sata driver 64 bit via sata driver k8thp sata driver medion mim2230 sata driver dell 320 ati sata controller drivers sata drivers for sony vgnar51e microsoft sata driver 82801hem hbm sata ahci driver siig sata drivers nvidia sata vista driver download driver sata st3400833as nforce4 sata driver xp travelstar e7k100 sata driver maxtor sata vista driver download 150019 sata manual or driver ich7r sata raid driver floppy >>>>>> SATA DRIVER <<<<<< 8
>>>>>> SATA DRIVER <<<<<< linux sata driver directory download sata driver maxtor maxtor 120 third party sata drivers amd sata drivers winxp sata driver for optima laptops sata drivers for windows server 2003 optiplex 755 windows 2000 sata driver sata cdrom drivers wd1600bevs sata driver linux sata driver usd boot sata raid pci adaptor driver asus p4p800 se sata driver sata drivers using usb 600a01 sata drivers sata 1 and 2 drivers xp sata drivers for w2k a8ne sata driver download msi kt6v sata drivers sata driver for a8n32sli motherboard sata driver hdd sata scsi device driver driver for sata drive vnfhem hbm sata ahci drivers intel sata drivers what are sata drivers windows nvidia nforce sata driver f6 sata drivers ati sata drivers nforce sata driver transfer mode p4v88 sata driver sata and raid drivers download acer sata driver xp compaq f572us sata dvd dos driver nlite sata driver hardware os add sata drivers to erd sata 150 driver 940gml sata f6 driver sata 80547 driver maxtor sata drivers winxp install sata raid drivers gigabyte motherboard p5lple sata driver sata drivers for seagate hard drive sil3132 sata drivers windows xp sata driver sata spinpoint vista drivers vista repair aspi drivers for sata cd dvd win xp sata driver sata driver compilation sata raid driver windows toshiba satellite x205s9359 sata drivers n650slids4 windows install sata driver >>>>>> SATA DRIVER <<<<<< 9
>>>>>> SATA DRIVER <<<<<< sata drivers m8100n driver samsung sata drive sata driver for xp seagate sata drivers download a4 sata drivers for cisnet sata controller drivers make bootable cd sata drivers western digital sata driver download dos driver for sata dvd rom 1640 sata drivers sata centos5.1 dvd driver hp sata driver download sata ii need driver vantec sata usb adapter vista drivers sata windows xp drivers amd uli sata driver acer ich9 sata drivers download nvidia 680i sli sata driver toshiba windows xp sata drivers generic sata drivers download via sata controller driver drivers to install sata nvidia nforce2 sata hdd drivers medion sata driver instalation add sata drivers asus m2nsli deluxe abit sata drivers v1.gb sata ii driver sata driver and xw8400 sata driver for hp dv5220us ati sb450 sata driver an52 sata drivers ich7 sata linux driver intel d945gccr sata driver nforce4 sata driver sb65g2 sata driver fujitsu mhv2040bh sata driver for linux acer sata drivers for 9303 dos driver for sata cd drive sata controller driver windows server 2003 via vt8237 sata raid controller drivers f6 intel sata hdd driver seagate barracuda 7200.10 sata driver sata driver for intel 940gml dfi infinity sata driver sata drivers for vista sata drivers won't load slipstream sata drivers 2000 aspire 5102wlmi sata drivers intel 82801hem sata raid controller drivers asus p4p800s xp sata drivers sata driver asus p5gpl >>>>>> SATA DRIVER <<<<<< 10
>>>>>> SATA DRIVER <<<<<< asrock sata drivers sata ahci driver windows download p5rd1v sata driver sata drivers for win xp sata raptor drivers vista d945gccr sata drivers slipstream sata drivers siig sata 3512 driver sata driver windows xp install via sata drivers xbox 360 nvidia sata raid drivers sata ahci driver ich6 sata drivers 64 bit sata controller drivers sata drivers sata drivers k8n motherboard western digital drivers sata sata drivers xp no floppy windows 2003 x64 sata driver 390 samsung sata drivers nforce 430 sata drivers download xp driver sata install psaf6u sata driver windows 2000 sata driver sata drivers for hp pavilion dv6000 hp notebook sata drivers xp 64 sata driver download sata driver for xp lenovo sata hdd drivers gigabyte sata drivers intel 82801 hem sata drivers sata drivers maxtor hp sata drivers hp a1530n sata drivers 3512 sata driver inland usb sata driver 940gml sata driver disk driver sata marvell 88i8031 for xp gigabyte sata driver sata host drivers for maxtor drive nforce sata 64 bit driver dos driver for sata dvd drive an52 sata driver sata drivers windows vista install dos driver for sata cd 300 kb maxtor sata driver nlite sata driver hardware os vaio toshiba sattelite sata drivers sr5013wm sata windows 2000 driver dos dvd sata driver hp proliant ml110 sata raid driver >>>>>> SATA DRIVER <<<<<< 11
>>>>>> SATA DRIVER <<<<<< intel 82801eb sata driver intel sata ahci controller driver download slipstream sata driver in xp drivers for sata drives windows vista free download usb sata ide driver wd vista 64 sata drivers sata drivers presario c500 d915gav sata drivers sata driver toshiba mk2035gss startech sata controller driver sil 3112a sata raid drivers sata driver sata raid drivers download windows xp sata drivers on asus mb sata raid controller drivers sata raid barracuda drivers windows xp sata boot drivers xp sata driver sata drivers windows xp asrock sata driver sis 964 sata drivers asus sata driver vm800 hp bit sata driver xp sata driver usd boot toshiba sata xp driver sata drivers for dos dos ahci sata driver sata raid controller driver ecs rc415sthm sata drivers vmware esx sata driver wd sata driver xp xp unattended install sata drivers xp professional sata drivers sata ahci driver xw8400 nvidia nforce sata raid drivers abit kv8 sata driver norton ghost 12 no sata driver clevo d900t sata driver hp dv9207 drivers xp sata driver sata pi1556 m7360n sata drivers c554us sata drivers abit sata driver disk acer aspire 5102wlmi sata drivers intel motherboard d875pbz sata drivers sata driver for red hat linux sata stm3250820as driver maxtor sata controller driver driver for sata hard drive samsung 946gzt sata drivers sata driver for sis 661 chipset >>>>>> SATA DRIVER <<<<<< 12
>>>>>> SATA DRIVER <<<<<< sata host drivers for windows 2000 sata ahci driver windows xp installation thinkpad sata drivers nvidia sata raid ide driver 9.62 k9vgmv sata drivers atapi ata sata drivers windows xp install sata drivers repair console dell sata driver raid sata driver pci to sata drivers acer aspire m3600 sata driver sata cdrom dos drivers wd sata hard drives drivers silicon image asus sata driver sata host drivers xp sata drivers nvidia driver dynex sata card fsc support sata drivers xp via vt6420 vt8237 sata raid driver sata raid driver samsung sata hdd linux drivers vista sata drivers system backup transfer sata drivers x205s9359 sata drivers acer 4420 sata driver slipstream sata xp driver acer aspire sata driver silicon image 3132 sata driver download install winxp sata raid drivers sata control drivers for windows xp sata install drivers hitachi hard drive via vt8237 sata controller drivers winxp sata driver for optima laptop asus a8v via sata driver xp sata driver for toshiba g30 jmicron sata driver linux sata dos cdrom driver 400g 7200rpm sata drivers pci sata i o controller driver dos sata driver for xp load sata win xp drivers xp64 sata driver sata support raid driver no floppy windows vista sata drivers sata driver download m2nsnvm s sata drivers and windows xp winternals sata driver adaptec cerc sata driver xp slipstream intel sata drivers xp sp3 scsi sata 5281 drivers sata drivers for asus a8v motherboard >>>>>> SATA DRIVER <<<<<< 13
>>>>>> SATA DRIVER <<<<<< intel sata 82801 driver boot xp intel e210882 sata driver xp sata driver no floppy promise sata console processor driver drivers sata fujitsu amilo vista sata dvd rom driver sata drivers seagate sata hp notebook driver asus sata driver sata driver install k8sla sata drivers sil3132 raid sata drivers best connectivity xp needs sata drivers to boot sata driver for windows xp intel sata ahci driver dell xps 410 sata drivers mt6707 notebook xp sata driver slipstream sata xp drivers a1640 sata driver xp pro satalite a105 sata driver download sata wd driver raid drivers sata ata k9nu neov vista sata drivers sata drivers for sony computer 82801hem hbm sata ahci controller driver sata driver for balance cn6555 sata driver install windows xp boot mach speed p4m800 sata driver v3658tu sata driver intel 940gml sata driver diskette raid sata third party drivers sata driver for compaq sr1550nx sata 300 drivers laptop sata drivers hp sata driver dv9207 nc6400 sata driver sata harddrive drivers microsoft sata drivers add sata drivers to xp cd making an sata driver disk xp sata controller driver sata drivers for windows install xp usb sata device driver sata driver disc ecs motherboard nvidia sata drivers xp password recovery sata driver make nv sata raid vista driver sata drivers ecs winxp pro sata driver sata drivers performance asus p5rd1v sata drivers >>>>>> SATA DRIVER <<<<<< 14
>>>>>> SATA DRIVER <<<<<< windows 2000 sata mcs 7825 driver sony sata drivers ms7270 vista sata drivers win x64 invalid sata driver win2k sata drivers usb to ide sata driver nvidia sata raid driver linux sata driver parameter gigbyte sata raid driver ati xp sata driver sata driver for 2000 ali sata raid controller drivers m5289 when will windows include sata drivers promise sata 378 driver m7700 intel 925x express chipset sata driver via sata drivers sata drivers for pavilion dv9515ca nvidia mcp61 sata driver vista ubuntu where sata drivers file drivers for seagate sata drives driver for sata optical drive xp raid sata drivers slicon image sata drivers p45 sata drivers western digital sata driver disk western digital sata driver compaq presario v3658tu sata driver sata driver xp pro sata hard drive drivers for xp sata driver ms7204 drivers for sata drivers for sata drive toshiba mk2035gss nvidia sata vista driver adaptec sata card drivers hp 9207 sata driver sata drivers for pcchips p29g silicon image 3132 sata raid drivers sata driver installer alienware promise sata 378 driver pm965 sata driver dos sata driver boot disk sata drivers for fujitsu toshiba u200 sata driver ecs p4m800prom478 sata driver disc sata controller driver x205 sata drivers sata drivers for msi motherboard dell cerc sata 2 driver 300gb maxtor sata driver asus p5bwla sata driver p5lple sata drivers >>>>>> SATA DRIVER <<<<<< 15
>>>>>> SATA DRIVER <<<<<< intel 925 sata driver maxtor sata raid driver sata 150 pci card drivers windows pe add sata drivers maxtor sata 150 driver presario v2000 sata raid driver nforce sata driver updating problem loading sata drivers into windows xp sata drivers for gateway sata drive and xp driver nvidia chip sata driver xp sata drivers toshiba sata drivers for windows xp sata install driver windows xp macbook sata drivers for windows install asus sata drivers motherboard xp sata usb boot driver winxp maxtor sata 150 driver sata raid drivers sil 3112a where to install sata drivers syvia150 sata x64 drivers add sata drivers to barts pe highpoint sata drivers acer 4420 sata driver e sata driver for acer sa85 winfast 760gxk8mc sata driver sata drivers xp boot dell precision 370 sata raid drivers nvidia 680i sli sata ide driver vista uli m5289 sata driver sata raid driver chipset sata hard drive drivers hp momentus 5400.3 sata driver l45 toshiba sata windows xp driver download drivers for sata hard drive vista sata drivers x64 drivers for western digital sata silicon image sata drivers asus f3sv sata driver intel sata raid driver 64bit gateway new computer sata driver sata driver for asus p4p800se silicon image 3114 sata raid driver 945gctm sata driver download silicon image 3512 sata driver xp pro sata driver boot drivers for intel sata controller vt8237 r sata raid driver vista sata raid driver asus linux sata driver support for ide driver sata promise >>>>>> SATA DRIVER <<<<<< 18
>>>>>> SATA DRIVER <<<<<< ahci sata driver marvell inc drivers sata southbridge 450 sata driver intel sata hdd driver floppy utility sata driver for acer laptop generic sata drivers via c3 xp sata drivers slipstream sata driver in xp dv6700t sata cdrom universal driver windows xp sata drivers sata drivers k8w motherboard abit av8 sata driver fic sata drivers sata driver hp dv6000 what sata drivers do i need wd sata driver intel hdd sata drivers install asus sata drivers driver sata drive vt8237r sata driver for ga 8i ecs 760gxm sata driver disk creator sata drivers in slipstreamed xp post install sata drivers xp via sata raid drivers kt6v sata driver sata driver for winxp install sata ahci windows xp driver dell optiplex sata driver windows 98 dos boot with sata drivers uli m1689 sata raid driver download sata drivers dell xps 600 sata drivers intel matrix storage manager sata driver driver sata windows xp evga 680i sata driver download intel sata drivers version 7.5 gateway mt6841 notebook xp sata drivers acer 9303 sata drivers marvell sata driver linux intel sata raid driver 64bit linux download sata raid drivers a7n8xe drivers for promise sata controller xbox 360 via sata driver windows xp sata contrller driver sata xp drivers lenovo sata driver device driver sata scsi driver para sata aspire 4310 linux sata driver usb boot sata drivers vgn fe770g drivers sata drivers for slackware linux >>>>>> SATA DRIVER <<<<<< 19
>>>>>> SATA DRIVER <<<<<< sis sata driver toshiba p200 sata driver xp driver sata xp pi 1556 sata driver for hp pavilion 9000 southbridge sata drivers nvidia nforce tm sata driver raid sata drivers slipstream windows xp with sata drivers sata drivers vista xp pro installation sata driver via vt8237r sata driver sata driver saus p5gpl intel desktop sata raid f6 driver dell ahci sata driver dell 82801 sata drivers drivers windows sata windows 2000 sata drivers gereric sata xp driver windows xp sata driver for floppy hitachi sata drivers add sata driver ris dell gigabyte sata raid driver implementing sata driver on xp cd d915gux sata drivers nvidia vista sata drivers nvidia sata raid driver for vista seagate barracuda sata 7200.9 driver optiplex 330 sata cdrom drivers alienware area 51 sata drivers xp sata device driver intel sata drivers 925 slipstream sata drivers xp cd asus sata drivers dell cerc sata driver dowbloads sata driver pack sata driver p29g wd sata hard drive driver download erd commander sata driver raid sata driver download does sp3 have sata drivers sata raid drivers for linux 9 sata drivers for compaq c500 laptop aspire 5920 xp sata driver asus p4p800 sata drivers sata hdd driver for gx280 sff maxtor sata drive driver disk sata driver ich7m epox sata driver dos driver for sata hard drive driver sata for dos silicon image sata raid driver >>>>>> SATA DRIVER <<<<<< 20
>>>>>> SATA DRIVER <<<<<< sata ahci drivers xp sata drivers for acer notebook toshiba satellite sata drivers drivers for sata hard disc drives ali sata vista drivers ecs xp sata drivers driver sata dos 945gctm sata driver nforce 4 sata 3 driver asus motherboard sata driver drivers for sata drive sata vt6420 driver download ntpassword sata drivers sata driver for fujitsu hdd sata drivers for linux 9 vista sata drivers asus toshiba laptop sata drivers via drivers sata sliping third party sata drivers marvell sata controller raid driver promise sata drivers nlite sata driver sata drivers compaq presario 700 wd800jd drivers sata hp media center sata drivers how to install sata drivers 7050 chipset sata drivers sata acer 5530 xp driver lots sata drivers ecs 760gxm hd sata driver proliant ml310 g2 sata drivers sata dos drivers sil sata driver dell 8400 sata drivers acer sata driver driver dynex sata asus p4p800s sata install drivers sata driver for microstar ms7204 sata drivers inspiron 1721 sr1703wm sata drivers p25g sata driver hp dc7700 sata hard drive drivers sata dos cd drivers dfi nfii ultra infinity sata drivers inland usb sata driver new drive installing sata hard drive drivers hp pavilion dv6000 sata drivers st9160821as medion mim2230 sata drivers sata drivers no floppy intel sata raid controller driver sata drivers for dell e520 >>>>>> SATA DRIVER <<<<<< 21
>>>>>> SATA DRIVER <<<<<< dell sata drivers optiplex 270 w2k sata driver ps4800dx sata driver f6 p5n32 nforce sata driver slipstream sata 7.0 drivers xp cd samsung sata driver xp sata drivers floppy sata driver for asus r1 adaptec sata raid driver add sata drivers to windows xp create boot cd with sata drivers intel ich9 sata drivers download windows xp with sata drivers acer ich9 sata drivers bootable sata drivers gateway notebook xp sata drivers sata drive driver disk silicon image sata raid drivers uli sata controller m1573 driver sata driver floppy download sata driver compaq presario sata driver sata dvd dos drivers asus x51r sata driver g2s sata driver sata drivers for windows nforce sata windows nt driver hp sata drivers for dvd drive windows xp recovery sata drivers sata dell driver dell xps 600 dos sata cdrom drivers asus sata optical drive driver coolmax sata enclosure driver sata cd drive dos driver ml150 g3 embedded sata driver disk windows xp sata controller driver hp dv6000 raid sata drivers sata drivers for installing winxp generic sata driver for dos m2nsnvm s motherboard sata driver medion sata driver intel sata driver free sata drivers acer sb400 sata drivers kv8 se deluxe sata driver dvd sata driver asus sata driver downgrade g2 series sata driver for dell optiplex 755 driver sata disk drive dos biostar sata drivers windows xp 64 sp2 driver sata >>>>>> SATA DRIVER <<<<<< 22
>>>>>> SATA DRIVER <<<<<< intel ich9 dos sata driver intel sata drivers download seagate sata drive driver xp nforce3 sata raid driver cicero sata driver disk compaq f500 sata driver hp notebook sata driver windows xp undo sata controller driver esb2 sata ahci controller driver mesh sata raid driver 82801eb sata drivers sata toshiba driver download sata drivers for pcchips dc5700 sata drivers sata boot driver sata driver for xp download hp dv9000 sata drivers download download sata driver for compaq sr1550nx p5bwla sata driver dell sata driver gx280 windows nt sata driver sata raid drivers sata winme drivers windows 2003 sata drivers sil sata driver not found xpsetup ide to sata drivers sata drivers for mx8738 dell windows cerc sata driver dowbloads sata driver windows vista 64 dv6500t sata driver install xp pro creative sata drivers dv2000 hp sata driver p5n32 e sli plu sata driver sata drivers satellite pro m200 asus a8v sata driver sata drivers for windows xp pro promise sata console scsi driver sata driver for t60 m2nsnvm s motherboard sata driver download kt600a sata driver dv5000 sata hard drive driver hitachi hts541616j9sa00 sata controller driver sata dvd driver download mim2230 sata driver asus a7n8xx sata drivers windows nt sata drivers mounting a sata driver sata driver xp for v3000 driver sata disk drive via pci sata drivers msi sata driver >>>>>> SATA DRIVER <<<<<< 23
>>>>>> SATA DRIVER <<<<<< sata drivers hl nw8440 inspiron 9400 sata driver ep9nda3 ultra sata drivers setup sata driver bdd sata drivers gateway mt6840 notebook sata driver via sata raid controller drivers sata raid driver sb600 sata driver install xp asus raid drivers sata 8400m gt gpu sata drivers download sii 3112a sata raid driver sata drivers sata and pavilion 2425la and drivers xp sata raid driver nvidia nforce 680i sata drivers sata driver windows xp creative i o sata raid drivers via sata 3149 driver vista nvidia mcp61 sata driver sata driver nlite asus x51r ap003a sata xp driver best sata driver for nforce 2 asus k8vx sata driver sata drivers for compaq laptop asus p5bwla xp sata driver sata driver windows xp sp2 barracuda 7200.7 sata driver sata controller driver downloads install sata drivers using usb via sata raid controller driver 6.0.6000.223 biostar nf61s sata driver install psaf6u xp sata driver dell dimension 8400 sata drivers unzipped k8u939 vista 64 bit sata driver sata sii3112 bios driver update 437a cube sata drivers a6110n sata drivers xp sl75frn2rl sata drivers maxtor sata hard derive driver xp sata drivers f6 seagate st9160823as sata drivers compaq xp sata driver linux sata driver dowload sata drivers hp nw8440 fugitsu sata drivers sata drivers without a floppy pavillion a1610n sata drivers no floppy to install sata drivers driver enhanced ide 5400 rpm sata sata drivers dimension 8400 >>>>>> SATA DRIVER <<<<<< 26
>>>>>> SATA DRIVER <<<<<< newidea drivers sata pci sata driver for ecs motherboard apply sata drivers after installation slipstream sata drivers 2000 cd via sata raid diskette driver download alienware 7700 sata driver sata drivers for gateway laptop sata driver update hp 9027 sata driver gap35ds3l sata driver ahci sata dos driver sata driver for an a8v motherboard sata hard disk driver windows xp sata driver intel nonraid 7.0a nlite motherboard sata controller drivers for asus wd sata drive driver software p5s800vm sata drivers disk how to install sata raid drivers oak cdrom driver sata adaptec sata hostraid dos driver sony nec optiarc driver sata sb600 southbridge sata drivers hp pavillion sata driver asus k8sla sata drivers sony vaio fe770g sata drivers nvidea sata windows vista 64 drivers hp dv6000 sata driver download sata winxp driver ati sata drivers vista windows 2000 sata driver seagate msi 661fm2 sata driver gigabyte vista sata raid driver seagate sata driver lg dvd sata drivers free download of sata xp drivers sata driver winme inspirion e520 sata drivers acer aspire 5102 sata drivers sata 2 drivers dimension 8400 sata driver hp pavilion dv6653cl sata drivers sata driver for winxp windows2000 sata install drivers alienware sata driver sata driver ax4b pro driver sata instala o do xp pavilion dv8330us sata drivers f6 xp installation sata driver sata controller driver for fujitsu hdd 8krai sata driver mircosoft sata driver >>>>>> SATA DRIVER <<<<<< 27
>>>>>> SATA DRIVER <<<<<< acer travelmate sata driver 320 gb sata drivers integrate sata drivers in xp i o flex sata driver sata driver install asus dos drivers for sata dvd hp sata ahci driver hitachi sata driver for xp compaq presario v3000 sata driver acer extensa 5210 sata driver install sata drivers xp without floppy intel 82801 sata raid controller driver adaptec embedded sata host raid drivers drivers for sata drives fujitsu sata driver for linux sptd sata raid scsi driver linux intel sata driver install sata drivers via sata raid driver nforce 430 sata driver xp linux sata drivers intel sata ahci controller driver promise sata 378 driver dell precision 490 sata driver bsod virtual pc sata drivers via sata drivers xp sata dos driver intel chipset pavilion dv8330us sata drivers initio sata raid manager driver wd 1600js sata drivers download sata raid driver for a7n8xe deluxe toshiba sata driver linix sata driver nvidia mcp61s sata drivers install sata drivers after os installation dell sata drivers msi sata drivers xp sata drivers for hp dv6700 p5n32 se deluxe sata driver xp nvidia 430 sata driver western digital hard drive driver sata sata acer hdd drivers windows xp sata driver for hp linux sata driver laptop k8m800 bios sata driver intel sata drivers xp sata driver for emachines w3115 hp third party sata driver sata drivers for xp installation sata driver xp third party sata driver for maxtor >>>>>> SATA DRIVER <<<<<< 28
>>>>>> SATA DRIVER <<<<<< tempo sata 4xi driver driver for sata 7k160 asus x51r ap003a sata driver hp dv5000 driver sata download manually installing sata drivers in xp nforce 430 sata drivers n650slids4 windows install sata driver f6 intel sata ahci hdd driver ati 4397 sata drivers vista mesh recovery cd sata raid driver via sata raid controller driver sata cdrom drivers dos drivers sata xp add sata drivers to microsoft deployment acer sata drivers xp nvidia nforce4 sata ii drivers hp dv9207 sata drivers download xp logo tested drivers for sata windows drivers for seagate sata intel 940gml sata driver nx6325 sata drivers ibm thinkpad t60 sata driver sata drivers s2875 tiger load sata driver a6460t sata driver an9 sata drivers intel m hbm sata ahci driver vgcrb30 sata driver dos driver for sata alienware sata 378 driver acer aspire m3600 sata drivers hatachi 250 gb sata drivers driver ide 5400 sata sata driver for duo pro nforce4 sata raid drivers install driver sata on remote rergistry nvida sata drivers won't install x64 update wim with sata driver seagate st3320620a sata vista driver 5400rpm sata hard drive drivers as to install drivers sata dv2000 highpoint sata 1540 driver via sata driver tiger k8w viaarena download 3149 sata driver dv1648us sata driver windows xp sata drive driver universal sata controller driver xp sata drivers for hp acer sata hdd driver free sata hdd drivers download intel drivers xp sata >>>>>> SATA DRIVER <<<<<< 29
>>>>>> SATA DRIVER <<<<<< proliant ml310 sata driver kt6v msi sata drivers download ptgdvx xp raid sata drivers xp dell optiplex gx620 sata driver nf 95 abit motherboard sata driver kt8 via sata drivers intel ich9 sata driver download download driver sata 1525 sata ii pcie esata card driver windows xp with slipsteamed sata drivers f3sv sata driver d925xecv2 sata driver fro windows install wdc sata drivers installing sata drivers for msi neo2 nvidia sata ide driver vista32 add sata driver ris p5lple leonite sata drivers maxtor sata xp drivers vista sata drivers k8t neo2f v2.0 hitachi sata raid driver controller sata driver for windows xp installation drivers 5400rpm sata hard drive drivers sata versus sata ii drivers sata driver intel xp sata drivers for m8100n intel 82801hem sata drivers maxtor sata drive xp driver sata drivers xp sata drivers for panasonic cf30 linux sata driver download dell poweredge 1900 sata drivers toshibe l300 floppy sata driver 82801gr gh sata raid drivers av8 sata drivers nvidia sata ide driver sata vista drivers generic sata driver download gigabyte 7n400 pro sata drivers gateway mt6707 sata drivers win2k sata drivers without floppy sata cdrom dos drivers sata 2100 and drivers a205 sata driver sata drivers tiger k8n motherboard sata drivers hp 9500 via sata raid os install driver sata vista driver intel 945 sata driver km 400 sata driver driver for sata harddrive uli sata driver >>>>>> SATA DRIVER <<<<<< 30
>>>>>> SATA DRIVER <<<<<< ati sb450 southbridge sata driver dvd sata dos driver m690t sata driver sata raid driver download sata raid drivers in nforce 6.86 m380n sata drivers sata drivers for winxp sp3 microsoft win xp sata drivers sata drivers compatible with vista windows 2000 sata driver for maxtor p5n32 sata driver sata hard driver power cable nforce 4 sata raid driver raid driver download d900t sata windows server 2003 driver sata intel 82801 sata driver xp f6 sata drivers floppy asus a8v sata via driver sata driver sis 655 sata driver for v3000 series gigabyte sata drivers vista maxtor sata driver syba sata adapter drivers acer 1640 sata drivers maxtor sata interal drives drivers ubuntu nvidia4 sata driver what is a sata driver psaf6u sata driver xp promise sata a300 driver acer 5715 sata driver load sata drivers for xp boot mhv2080bh sata driver l45s7409 sata xp driver gateway sata drivers sis sata drivers alienware promise 378 sata drivers seagate sata drivers compaq sata driver asus sata raid driver sata cdrom dos driver 174x sata card drivers sata driver dos 2.5 sata external case driver linux sata driver slipstream sata drivers in xp sata to ide driver via sata raid diskette driver intel 82801fb sata drivers drivers sata cer aspire 5102wlmi sata drivers western digital raptor sata drivers >>>>>> SATA DRIVER <<<<<< 31
Compliance information On December 7 and 14, 2009 and January 11 and 18, 2010, all affected management executives were provided with information in four briefings concerning the new compliance requirements, the current regulations and their practical implementation in the MEDION Group. These briefings also covered information about the insider trading laws, anticorruption laws and antitrust regulations as well as the presentation of code of conduct requirements. Furthermore, information was provided concerning the necessity of erecting Chinese walls, the handling of possible insider information in accordance with the law, the new data protection requirements and the role of management executives as models for their respective areas. The names of all persons having access to insider information (including employees and non-employees), for whom the access to information is essential for the fulfillment of their responsibilities to MEDION, are recorded in insider directories which are maintained in the Human Resources department.
Accounting and Auditing The accounts of the MEDION Group are prepared in accordance with International Financial Reporting Standards (IFRS) as mandatory in the EU. In addition, the provisions of section 315a (1) of the German Commercial Code (HGB) are applied. The separate financial statements of the parent company, MEDION AG, are prepared in accordance with HGB. The statutory auditors are selected by the Annual Shareholders Meeting and appointed by the Supervisory Board. In order to ensure the independence of the statutory auditors, the Supervisory Board asks them for a declaration that there are no existing grounds for exclusion or partiality.
Accounting and Auditing
When appointing the auditors, the Supervisory Board obtains their consent to inform the Chairman of the Supervisory Board without delay of any grounds for exclusion or partiality arising during the audit that are not immediately eliminated. Furthermore, the auditors must notify the Supervisory Board without undue delay of all findings and incidents material to the duties of the Supervisory Board of which they become aware in the course of the audit. The auditors must also inform the Supervisory Board or make a note in the Audit Report if they ascertain facts during the course of the audit that do not correspond with the declaration of compliance submitted by the Management Board and Supervisory Board in accordance with Section 161 of the Stock Corporation Act.
On behalf of the Supervisory Board
On behalf of the Management Board
Dr. Rudolf Sttzle (Chairman)
Gerd Brachmann (Chairman)
4 Design and Marketing
MEDION makes use of creative centers that are steeped in tradition, yet look to the future. We maintain design studios in the heart of the European Capital of Culture RUHR.2010 as well as in the host city of the EXPO 2010, Shanghai. The numerous awards that our products have gained worldwide bear testimony to our designers creativity.
The latest technologies render new product applications possible. Data compression almost without compromises in quality makes it possible to store lots of music, photo and video files on tiny devices. MEDION embraced the challenge to offer a compact, innovative product solution.
MP4 Player MEDION LIFE P61004/MD82288 Think you have to leave your music, movies and photos behind when youre on the road? Think again. The P61004 multimedia player is the perfect traveling companion. Entertainment and memories spring to life at the touch of a button, stored in a pocket-sized device no bigger than a credit card. The MEDION LIFE MP4 player features clean-line styling with an easy-to-use 2.8 touch screen. Its internal 4 GB of memory are expandable thanks to a MicroSD slot. The slender silver frame lends an elegant accent while integrating various ports and function buttons. Recipient of the red dot design award
MP3 players are rather personal products. We carry them on us or hold them in our hand while enjoying music. Which is why an MP3 player should also feel good. Nature served as our model here. A soft, pleasing form, inspired by pebbles, was the result. The reverse motif of concentric triangles is reminiscent of the circles generated by a pebble tossed into a pond.
MP3 Player MEDION LIFE P61006 The MEDION LIFE P61006 series MP3 players allow people to enjoy music anywhere. The integrated memory can also record dictated memos as well as juggle the daily data of life on the go. A color display depicts functions selected from the clearly conceived keypad. The soft contours of the housing are fashioned to fit the hand. The typical MEDION design elements the silver line and distinctive triangle set it apart whether in classical black, in white, or in one of the available color options. Recipient of the Good Design Award
Successful brands compete by demonstrating uniqueness. Regardless of innovations and trends, our goal is to equip products with characteristics that set them apart, giving them a unique identity. The challenge of design is to strike the proper balance between rapid technical advances and the desire for longevity.
MEDION pursues its unique design strategy further MEDION is extending its design strategy, aimed at a high degree of brand recognition, to its notebooks and navigation aids. Our international design studios held numerous workshops to devise a visual vocabulary to blend existing stylistic elements. The silver stripe and the triangle of the previous design line now merge to form LineaTre, a striking detail easily identifiable on mobile products of the MEDION AKOYA and MEDION GoPal series. Awards began to pile up for LineaTre soon after market launch. Jurors of international design institutions have bestowed numerous distinctions on MEDION products.
MEDION LIFE Digital Camera
MEDION AKOYA Notebook
MEDION LIFE MP4 Player
MEDION AKOYA PC
MEDION LIFE DECT Telephone
MEDION LIFE Blu-ray Player
MEDION LIFE MP3 Player
MEDION GoPal Navigation System
MEDION LIFE Camcorder
MEDION LIFE Internet Radio
MEDION LIFE LCD TV
MEDION LIFE 8-in-1 Remote Control
Top Quality the Best Argument
Last year, MEDION was once again able to go head to head with the best in the high-tech business, chalking up some remarkable results along the way. Our guiding principle to offer innovative technology possessing a high degree of functionality at top value was able to sway numerous national and international magazines and trade journals.
Joining our products in the winners circle was our product design. Elegant and stylish, it garnered several prestigious design awards.
Get in Touch. International trade fairs are an ideal place to communicate product innovations to customers and retail partners and achieve a high level of awareness. The close cooperation between our design and marketing specialists guarantees a unified corporate identity and effectively supports MEDIONs sales activities.
Trade Fairs and Events
Bringing innovation to life We were again able to set some major milestones in 2009 on the way to making our brand with its attractive product portfolio unmistakable. One of them was doubtless our launch event for MEDION THE TOUCH in Frankfurt am Main, at which Adrian Sutil unveiled our high-tech wonder to the international press. MEDION had a large stand at the IFA 2009, the tradeshow for the biggest and best of the industry, and once again, our exhibits drew spectators like a magnet. MEDION THE TOUCH was the absolute highlight of the exhibit which featured MEDIONs entire product line. The successful presentation of the all-in-one PC became the talk of the town in Berlin, reported in international press releases including the evening news and on prime time on the German television news channel n-tv. The consistent communications strategy of the innovative products featuring the MEDION design line showcased every detail, both at the stand and at the event.
The MEDION Brand
MEDION has made the Democratization of Technology its mission right from the beginning. The Companys high-quality consumer electronics products are trendy and stylishly designed. At the same time, these products are marketed at prices that are affordable to a broad spectrum of consumers. In addition, MEDION is increasingly developing and marketing a complementary line of services in the areas of telecommunications, software downloads and online services.
MEDION is an unconventional, future-oriented brand that stands for both quality products and excellent value. In order to sharpen the profile of the MEDION brand and bolster the brands image, the above positioning was communicated outside of Germany using traditional marketing efforts, supported by innovative communication approaches. These advertising and communication initiatives were intended to generate awareness and trigger buying impulses. MEDION will continue to help grow its brand in 2010 using targeted communication initiatives. In addition to existing campaigns such as MEDION THE TOUCH, we will launch new international campaigns to coincide with product launches. Beyond classic media channels, we intend to focus on new media, such as social media, in order to appeal to new target groups, expanding our media mix.
At MEDION, we are constantly on the lookout for new ideas. There couldnt be an idea more innovative and advanced than MEDION THE TOUCH, combining the Internet, telecommunications, audio, video, Blu-ray, DVD and TV all in one system.
With this unique concept, MEDION has positioned itself as a technology leader and innovator in the German consumer-electronics market. MEDION THE TOUCH consists of a powerful multimedia PC, entertainment center, and communications hub with innovative multi-touch display and touch-optimized software. An extraordinary innovation such as MEDION THE TOUCH demands attentiongetting communications that will do justice to its innovative multimedia qualities. A major launch event with international press marked the kickoff. Extensive efforts with components of print advertising, viral marketing, on-line communications, and events supported the campaign.
The slogan GET THE TOUCH is an invitation to join MEDION in becoming acquainted with the next generation of touch screen computers. We successfully targeted opinion leaders using an unconventional campaign featuring a handprint as its key visual symbolizing the many possibilities of MEDION THE TOUCH.
Viral marketing, such as the commercial spot, stood at the forefront of the campaign. The spot brings the tactile theme to life in a creative, modern fashion, and reaffirms the connection to the campaigns slogan and key visual. The spot also conveys emotion and a spirit which viewers associate with the MEDION brand and the product. This innovative mix of classic and viral communication and marketing was an essential component of the successful launch.
1 Figures for the German consumer electronics market reflect the consumer electronics market index (CEMIX) published jointly by the Gesellschaft fr Unterhaltungs- und Kommunikationselektronik (gfu) and the Gesellschaft fr Konsumforschung (GfK).
Market for Consumer Electronics
TV and audio As in previous years, devices such as high-resolution flat-screen televisions and all devices that permit mobile use of media were again in particularly high demand in 2009. The market for TV displays rose by 5.5% to 6.013 billion, and the market for home audio by 10.4% to 826 million. In terms of televisions, LCD TVs recorded sales of 5.29 billion (7.5 million units sold) in Germany in 2009, and plasma TVs 635 million (0.7 million units sold). Overall, 8.6 million television sets (+15.7%) were sold in Germany in 2009 (including projection TVs, mobile TV receivers, and CRT devices).
Notebooks Sales growth in the consumer electronics market was also supported by the continued strong and rising demand for notebooks. The information technology market segment achieved sales of 6.826 billion overall, an increase of 19.0%. Growth in the PC/multimedia area was driven primarily by notebooks, with volume sales rising by 42.6% to 6.32 million units sold. Sales revenues grew by 21.5% to 3.743 billion, while average unit prices fell by 14.8% to 592. Consumer demand for mobility was the main growth driver in this segment as evidenced by the continued market success of netbooks. Desktop PCs climbed by 7.1% to a sales level of 0.921 billion, benefiting from the launch of all-in-one products. Unit sales of desktop PCs rose 13.5% to 1.531 million units sold.
Navigation devices As expected, unit sales of navigation devices kept their high level, declining only slightly by 5.3% to 4.098 million units sold. As the average price fell further by 12.7% to 178 per unit, revenues declined by 17.3% to 731 million in this market segment. MEDIONs core competency and sales focus is the PC/multimedia business, which contributes 56% of total Group sales. The entertainment electronics/services business is increasing its share of sales and contributes 44% of total sales.
The MEDION Group
MEDIONs Business Model
MEDIONs business model, which has proven itself nationally and internationally over the past 20 years, focuses on cooperating with retail partners to provide consumers with highly functional and innovative trend products in appealing designs at the cutting edge of technology. These consumer electronics products reflect the best price-performance ratio, making them accessible to a broad range of buyers at an early stage in the market cycle. In addition to its traditional marketing campaign business with consumer electronics products, MEDION is increasingly concentrating on developing and marketing a complementary line of services, particularly in the areas of telecommunications/MEDIONmobile, the MEDION Photo Service, software downloads, and online services. MEDION products are also marketed over the Internet and in the Companys own Webshops in Germany and important Central European markets. In its relationships with its customers, the internationally established large retail chains, MEDION acts not only as a supplier but also as a full-service provider that manages and controls the entire value creation chain, from the development of the product idea through manufacturing and logistics to after-sales service. As a rule, high-volume sales campaigns are structured and implemented jointly with the customer; in many cases, these take place simultaneously in several countries or sometimes even on several continents. With its full-service expertise, MEDION reduces the workload for its retail customers so that they can focus fully on distributing the products. MEDION does not perform all steps of the value creation chain using its own capacities, but instead uses its global procurement process to integrate highly capable international partners into the various stages of a project. After the product idea and design have been developed by MEDION in coordination with the customer, the components and products are procured from well-known manufacturers with global operations, thus incorporating their know-how and production expertise into the procurement process. MEDION structures, manages, and monitors the logistics process, which is carried out by highly capable forwarding agents. A key success factor for MEDION as well as its customers is MEDIONs comprehensive, efficient after-sales service. This service ensures that the end customer receives any support needed in setup and operation 365 days a year and, if necessary, facilitates fast repair or equipment exchange. By engaging the most efficient and capable partners, particularly in the investment-intensive links of the value creation chain, MEDION guarantees its flexibility with respect to both the product range offered and the cost structure. In this way, it is able to offer its customers the most cutting-edge products at extremely favorable price-performance ratios.
21.8 19.3 -10.4 -36.0 4.1 -6.5 -8.8 -31.9 -30.0 -17.1 2.3
Trade payables Tax provisions Other provisions Other current liabilities Total current liabilities Non-current liabilities Shareholders equity less purchased own shares Shareholders equity as reported in the balance sheet (IFRS) Total shareholders equity and liabilities
144.7 2.0 190.6 8.5 345.8 2.7 414.9 -47.1 367.8
20.2 0.3 26.6 1.2 48.3 0.4 57.9 -6.6 51.3
128.4 5.8 187.5 20.7 342.4 2.5 398.4 -43.0 355.4
18.3 0.8 26.8 3.0 48.9 0.4 56.9 -6.2 50.7
16.3 -3.8 3.1 -12.2 3.4 0.2 16.5 -4.1 12.4
12.7 -65.5 1.7 -58.9 1.0 8.0 4.1 -9.5 3.5
Compared to the previous year, the total assets of the Group increased by 16.0 million (2.3%) to 716.3 million. MEDIONs very solid balance sheet structure continued to improve in fiscal year 2009. Despite the higher deduction of own shares by 4.1 million after the acquisition of additional own shares, equity increased by 12.4 million to 367.8 million. The equity-to-assets ratio is accordingly 51.3% (2008: 50.7%). Before acquisition of own shares, the equity-to-assets ratio is even 57.9% (2008: 56.9%). On the asset side, cash and cash equivalents in particular rose by 40.1 million to 224.3 million (2008: 184.2 million), a 21.8% increase. The higher capital commitment due to the increase in inventories by approximately 31 million is offset by a reduction in trade receivables of approximately 25 million, which partially reflects the change of the sales structure. With due consideration of the increase in trade payables by approximately 16 million, the working capital declined in the year under review by approximately 11 million to around 263 million. The reduction in other assets as of December 31, 2009 is primarily the result of lower prepayments for a reduced level of anticipated customer credit notes.
Cash Flow Statement
Earnings before interest and taxes (EBIT) Depreciation, amortization and other non-cash expenses Gross cash flow
Changes in net current assets Changes in other provisions Payments for taxes/cash receipts from tax refunds Cash flow from operating activities
32.7 3.3 -8.6 51.3
-2.4 9.6 -3.7 42.7
35.1 -6.3 -4.9 8.6
> 100.0 -65.6 > -100.0 20.1
Cash used for investing activities
Free cash flow
Payments for the purchase of own shares Dividends paid Payments of financial liabilities (net) Cash used for financing activities
Changes in Employee Numbers
The average number of employees in the MEDION Group in 2009 decreased by 5.3% from 1,072 (all figures are full-time equivalents) in 2008 to 1,015 in 2009. Of these employees, 848 worked for MEDION AG and its domestic subsidiaries (2008: 848) and 167 worked for foreign subsidiaries (2008: 224). Despite the reduced number of employees, personnel expenses rose slightly in the year under review. At 47.3 million, personnel expenses increased by 0.6 million (+1.3%) compared to 2008 (46.7 million). This change is related to a higher degree of specialization and professionalism of some functions within the MEDION Group in 2009. The cost savings in accordance with the plan can be attributed essentially to personnel reductions through attrition. These personnel changes affected every division of the Company. The measures introduced in previous years for structural improvement, process streamlining, and increased efficiency were consistently continued under consideration of the changes in the overall environment. The relocation of the after sales service warehouses and repair workshops of the MEDION foreign subsidiaries in France and the Netherlands also impacted personnel expenses in 2009. The corporate decision to have an external company perform warehousing and repairs that had previously been performed by the MEDION foreign subsidiaries in France and the Netherlands is intended to increase efficiency in the area of services in the future. The repair workshop at MEDION Service GmbH was partially closed in 2007. In 2008, the warehousing activities were relocated to external service providers to make it possible to achieve significant synergy effects in international services through the creation of uniform warehousing and repair processes across Europe.
The following overview shows changes in employee numbers (full-time equivalents) as of December 31, 2009, compared with the same date in 2008.
development of number of employees (full-time equivalents as of dec. 31)
2 -67 -3 -68
7 -42 -18 -33
Overall Risk Situation
By continuing efforts to increase cost efficiency and to optimize the product portfolio, MEDION was able to further improve significant cost items in 2009. Despite the marked financial crisis in all economic areas of significance for MEDION and the resulting decline in sales, MEDION was able to maintain its gross margin at 11.2%, nearly at the same level of the previous year (11.5%). Structural costs were reduced by roughly 7% thanks to cost efficiencies achieved, even against nearly unchanged expenses for marketing and product advertising. It was therefore possible to compensate the approximately 26 million decline in the gross margin due to the decline in sales by approximately 11 million. Further measures in customer and supplier management and the control of production and logistics processes also made it possible to optimize the structure of working capital. The result is a further improvement of the liquidity position to approximately 224 million (2008: 184 million). Although MEDION is coming out of the economically difficult year of 2009 with greater strength with regard to financial risk positions, uncertainties continue to exist with regard to evaluating the trend of business in 2010. While some market research institutions are assuming a general recovery or are predicting an above-average performance particularly for the discount sector, an important sales channel for MEDION, the manufacturers and vendors of entertainment electronics are not yet predicting this trend for all of their products. Whilst a positive overall sentiment has been evident in the relevant consumer environment since the fourth quarter of 2009, the restructuring of capacities among producers and logistics providers initiated during the global financial crisis, especially in the core sourcing market of Asia, may lead to reduced flexibility in order management and thus keep the competition under pressure. For that reason, MEDION will continue its very successful measures for risk management and stabilization of the revenue items with increased intensity in 2010.
Subsequent Events / Outlook
Events after the balance sheet date (Subsequent events) There were no events after the balance sheet date which could have a material impact on MEDIONs financial position and financial performance.
Outlook Economic Climate The German Federal Government expects an average increase in the gross domestic product (GDP) of 1.4% in real terms (Annual Economic Report 2010 of the German Federal Government, p. 58 et seq.) for the entire year 2010. The report assumes a slight decline in private consumer spending , due in particular to concern about jobs. In addition, it is assumed that private households will have to pay more on the whole for energy products (electricity, gas, oil) in 2010 than in 2009. The German Federal Government also expects to see a possible deterioration in the overall labor market situation for the year 2010. Moreover, domestic demand could also experience another downturn after the economic stimulus programs in Germany and in the eurozone have been exhausted.
Countries in which the real estate and financial crises have had particularly strong effects are facing a significant threat of decline in domestic demand. The comprehensive set of measures taken by the individual countries have only provided temporary improvement of the situation in the eurozone and in Germany.
Sales Expansion of the range of services in the Companys direct business as well as the successful start in project business in 2010 have resulted in improved ordering behavior by MEDIONs most important customers for Q1 and Q2 2010. Given these circumstances, the Management Board of MEDION AG assumes that a sales increase on the order of 5-10% is probable in the first half of 2010. The trend for the second half-year 2010 cannot yet be forecast with sufficient probability; so that given stabilization of consumer demand, overall growth in sales at MEDION on the order of 5-7% can be assumed in the case of gradual economic recovery in the eurozone and in Germany in particular for financial year 2010.
Gross earnings Gross margins will continue to be under pressure because of sustained intense competition. The Management Board of MEDION assumes, however, that MEDION will be able to maintain its good market position, and that a gross margin at a level of 10.5% to 11.5% is possible.
Liquidity MEDION most probably will continue in 2010 to require no borrowings for the financing of high-volume projects. If at all, these funds should be used only for a very short time and only to a very limited degree. We do, however, expect to record some cash outflows for the payment of fees in connection with licenses and intellectual property rights for which provisions have been created and which have no effect on income.
Results Despite the persistently difficult environment in 2010, the MEDION Group will be able to increase results above the 2009 level. Thanks to its solid financial position with an equityto-assets ratio of more than 50%, the Company can continue to successfully pursue its business model; in doing so, it will focus in particular on expanding its portfolio with design-oriented, technologically innovative products as well as direct business with new offerings outside of Germany as well. Thus due to the Companys efficient cost structures the Management Board expects to see an increase in the operating result (EBIT) in the range of 15-20%, and thus a stronger increase than in sales. In this forecast, the Management Board presumes that the current economic prospects will not worsen again. It must also be considered that the fourth quarter of the fiscal year is traditionally the strongest sales quarter for MEDIONs industry sector, and until firm customer orders have been received for the fourth quarter, the forecasts of sales and profits will still include uncertainties. A further forecast for 2011 is very difficult to make due to the rapid change in the consumer electronics market environment and the structure of the MEDION business model. Should the economic risks recede and the discretionary income of consumers rise, the Management Board will expect increased sales and earnings.
The management of MEDION, a listed German corporation, is primarily determined by the German Stock Corporation Act (AktG) and also by the rules set forth in the latest version of the German Corporate Governance Code. At MEDION, good corporate governance is a standard we extend to all areas of the Company. Enhancing corporate governance and compliance at MEDION serves to justify the trust that our shareholders, business partners, employees, and the public have placed in us. We have therefore taken all organizational measures needed to not only comply with the legal requirements but also to ensure a responsible and transparent corporate management that is committed to sustained growth. In line with statutory regulations, MEDION is subject to what is termed the dual governance system, which is characterized by a strict separation of the Management Board as a managing body and the Supervisory Board as a monitoring body. The Management Board and the Supervisory Board work closely together in the interests of the Company. The Management Board manages the Company, aiming to create lasting added value, for which it assumes responsibility. In this regard, the principle of overall responsibility applies, i.e. the members of the Management Board share the overall responsibility for managing the Company. They develop the corporate strategy and coordinate efforts with the Supervisory Board to see that it is implemented. The principles of the MEDION Management Boards cooperation have been summarized in the rules of procedure for the Management Board. In particular, they establish the areas for which the individual Management Board members are responsible, the matters reserved for the consent of the Supervisory Board, the required majorities for passing resolutions, and the rights and duties of the Chairman of the Management Board. The Management Board of MEDION consists of two members. The Management Board regularly, promptly and comprehensively informs the Supervisory Board concerning all issues related to business performance that are material to the MEDION Group, major transactions as well as the current earnings situation along with the Companys risk position and risk management. Deviations in the business trend from preceding forecasts and targets are commented and reasoned in detail. Furthermore, the Management Board regularly reports on compliance, i.e. actions taken to adhere to statutory regulations and internal Company policies, an issue for which the Management Board is also responsible. The Supervisory Board advises the Management Board in managing the Company and monitors its activity. It appoints and dismisses the members of the Management Board, determines the compensation system for Management Board members, and establishes the total compensation for each of them. It is involved in all decisions that are of fundamental importance to MEDION. The Supervisory Board of MEDION consists of three members. The principles of the MEDION Supervisory Boards cooperation have been summarized in the rules of procedure for the Supervisory Board.
repurchased using equity derivatives. The Management Board is authorized, with the consent of the Supervisory Board, to purchase options entitling the Company to purchase MEDION shares upon their exercise (call options). The Management Board is further authorized, with the consent of the Supervisory Board, to sell options requiring the Company to purchase MEDION shares upon exercise of the options by their holders (put options). In addition, the purchase may occur using a combination of call and put options or using other equity derivatives as specified below. All share purchases using call options, put options, a combination of call and put options, or other equity derivatives are limited to shares making up no more than 5% of the share capital existing at the time of the resolution of the Annual Shareholders Meeting or, if lower, the share capital existing at the time the respective authorizations are exercised. The options must be entered into with a financial institution at near-market conditions. They must be arranged such as to ensure that the options are only supplied with shares purchased in compliance with the principle of equal treatment for all shareholders. To adhere to such requirement, it is sufficient that the shares be purchased on the stock exchange at the market price prevailing at the time of purchase. The term of the options must be selected such that no shares are purchased by exercise of the options after November 12, 2010. The consideration paid for one share of MEDION stock upon exercise of a call option may not exceed or fall below the average stock exchange price for the Companys shares in closing trading on the Xetra electronic trading system (or an equivalent successor system) on the Frankfurt Stock Exchange over the three trading days preceding the date of exercise of the call option by more than 10% (excluding transaction costs in each case), whereby the residual value of the call option is not taken into account. The consideration paid for one share of MEDION stock upon exercise of a put option may not exceed or fall below the average stock exchange price for the Companys shares in closing trading on the Xetra electronic trading system (or an equivalent successor system) on the Frankfurt Stock Exchange over the three trading days preceding the date of issue of the put option by more than 10% (excluding transaction costs). Moreover, an arrangement may be made with a financial institution whereby the financial institution supplies the Company with Company shares in a quantity previously determined or in a previously determined euro amount within a time period specified in advance. The price at which the Company purchases the treasury stock must include a discount from the arithmetic mean of the volume-weighted average price of MEDION stock in Xetra trading, calculated over a previously specified number of stock exchange trading days. Moreover, the financial institution must commit to buying the shares to be supplied on the stock exchange at prices within the range that would apply if the Company itself were purchasing the shares directly on the stock exchange.
The Management Board is responsible for internal control of the MEDION Group. EBIT is the key figure used for assessing the earnings power of the individual segments of the MEDION Group as well as for evaluating profit and resource allocation. Sales are allocated to the regions in which they are generated. Segment cash flow is calculated on the basis of the EBIT of the relevant segment plus segment depreciation and amortization and non-cash expenses. Segment assets include assets used to generate the relevant segments EBIT. Segment liabilities are reflected in the debt of the relevant segment. Intercompany assets and liabilities are eliminated in the Group reconciliation column. Capital expenditure includes additions to property, plant and equipment, intangible assets, and financial assets in the year under review.
Please refer to page 137 for an itemized presentation of the segment report. Income from third-party customers by region is presented in the notes on sales.
Pursuant to IFRS 8.34 MEDION is obliged to disclose information detailing the degree of dependence on major customers. MEDION maintains business relationships with key customers that are of material importance for the business development of MEDION. In the case of termination of any such business relationship, significant changes to sales revenues and additional negative impacts on the further development of MEDION might result. As of today, there are no indications that key customers will end their business relationship with MEDION. As a quantitative allocation of sales to the respective key accounts could, from the perspective of a prudent businessman, lead to significant negative effects for MEDION, the Management Board with the consent of the Supervisory Board has decided to refrain from disclosing such a break-down of its sales revenues despite the ensuing limitation of the audit certificate in respect of the disclosure of sales to key accounts as defined in IFRS 8.34.
Earnings per Share
Earnings per share are calculated by dividing the earnings attributable to shareholders of MEDION AG by the average number of shares outstanding. Shares repurchased during any period are taken into account only for the portion of the period during which they are outstanding. The weighted average of shares decreased due to the share buyback programs, amounting to 44,495,714 in fiscal 2009. There were no dilution effects resulting from potential ordinary shares during the period under review.
Weighted average number of shares outstanding Net income (in thousand) Earnings per share (basic, in ) Earnings per share (diluted, in )
44,495,714 14,155 0.32 0.32
45,952,956 26,376 0.57 0.57
Other Financial Obligations Other financial obligations include lease agreements for business premises and warehouses as well as operating leases. The latter relate to company cars, operating and office equipment and maintenance contracts. Future cash flows can be broken down as follows:
2009 in thousand < 1 year _
year < x < 5 years _
2009 > 5 years
Office and storage premises Operating leases
861 1,235 2,096
Risk Management and Financial Derivatives
1. Credit risk As indicated in IFRS 7, credit risk is the risk that one party to a financial instrument will cause financial loss to the other party by failing to discharge an obligation. At MEDION AG, credit risk primarily entails default risk. Material default risk may arise from trade receivables in the event customers are not able to meet their payment obligations when due. The maximum exposure to default risk is represented by the carrying amount of the trade receivables of 219,068 thousand (previous year: 244,451 thousand). MEDION AG generally reduces the risk by focusing on customers of top credit quality. Customers that cannot be classified into this category are of minor significance, and credit insurance policies are normally taken out for such customers. The maximum exposure to default risk for receivables sold under ABS transactions amounts to 3%. Any amounts due or past due are continuously monitored and reported to the Management Board on a monthly basis. Risk is mitigated through specific valuation allowances and portfolio-based valuation allowances.
2. Liquidity risk Liquidity risk is the risk that a company may not be able to meet obligations arising from financial liabilities. Explanations regarding liquidity management as well as an analysis of the maturities of the financial liabilities can be found in Note 17.
KC-W65 Finepix A201 SL-PG490 Review C6500E Clp-820 6093T PS-20-PS-10 I5700 WD-85295NP LE22C450 KDC-PSW9531 CF 200 SP-500UZ ZDF312 FWD-S42e1 Ekeys 49 WD-1041WFH RFG297aabp XAA SC-HD550 55PP9501 QC5050-00 Samsung S830 TH-42PW5 T4YBF VP-L800 Sorbetiere 320 HC-610 6321-20 Powershot S400 Suite 4-device Aspire T136 PCR-800 RMR966PA 8 0 Teamset PRO Fishfinder SA-AK22 ICF-CD7000BLK Roomba 4100 3100C EM 201 WF7600NAS SL202 14PV263 VGN-N11m-W V265 Cdma C352P VPW 565 650 ABS VP-W95D AX34proii Voip3211S DRX 950 Kero 360 F150-2006 MS9007C MG124CX-mg124C 25 E LC5-D20BB I9100 LX-M140A PRO 5000 ML-2245 Printer RS20crsv5 Edition 42PF3331 Vivicam 3350 Elystar 50 DCR-HC36E TH-42PX20 Kodak ZI8 AY-P22NC EOB32000X Eu2 Computer EX-Z3 XM-1S 6723DW X3650 GPF 6885 V-MAX-2001 Talea Giro 32PFL7623D KM-C2230 EPL-5200 DGS-3100-24 Travelmate-5310 Pixon 12 CDP-591 Geko 301 XR-MS3 If-ED ZWG6105 MW73E-S DAV-DZ555K Advantage Extra DA6252 PM4001
manuel d'instructions, Guide de l'utilisateur | Manual de instrucciones, Instrucciones de uso | Bedienungsanleitung, Bedienungsanleitung | Manual de Instruções, guia do usuário | инструкция | návod na použitie, Užívateľská príručka, návod k použití | bruksanvisningen | instrukcja, podręcznik użytkownika | kullanım kılavuzu, Kullanım | kézikönyv, használati útmutató | manuale di istruzioni, istruzioni d'uso | handleiding, gebruikershandleiding
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101