Feeds

Acer attempting to sell semi division

But Stan Shih struggling to turn the company round

  • alert
  • submit to reddit

The essential guide to IT transformation

Sources close to Acer have indicated that more troubles are ahead for the Taiwanese company, following a profit warning the company made two weeks ago. The 44 per cent profit target for 1998 conceals further problems at Acer, the source said. Earlier this year, Stan Shih, CEO of the company, said that he was taking over the running of Acer Semicon (which includes the former TI investment), while two presidents of Acer America lost their jobs because that division failed to make money. But Acer, which turned in profits for the previous two years, managed to turn in profits by selling property, according to the source. Now, however, the only property left in Acer's hands is for the Taiwanese software park but it cannot sell them because it has committed to a government scheme for a science park in southern Taiwan. Shih is attempting to sell off the loss making semiconductor division but unless he turns the unit round, cannot pump money into software development. However, the same sources tell The Register that several large names have already pulled out of the new science park because the land is unsuitable for development. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?