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Acer sells more assets to boost liquidity

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Asian wires are reporting that giant Taiwanese company Acer will sell large amounts of shares to raise an estimated NT$3 billion. It will sell 27 million shares in Acer Peripherals, 36 million shares in mobile phone firm Pacific Cellular, and three millions shares in Aopen, which makes PC cases and the like. Earlier in June, Acer sold over a large chunk of its semiconductor manufacturing interests to TSMC, as reported here. Over the last week, rumours have risen that Acer is interested in NatSemi's Cyrix business, because of its investment in information appliances. Acer and National Semiconductor have had long standing partnerships. ®

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