Feeds

Acer looks to Net for post-hardware profits

Looking for US cash to fund Asia-oriented Internet services

  • alert
  • submit to reddit

High performance access to file storage

Acer, like the world+dog, plans to expand beyond its traditional hardware markets into the Internet business, the company's co-founder said today. George Huang, Acer's corporate general controller, told Reuters that the company wants to become a major player in the Asia Internet market. The report paints Huang's comments as a new shift in focus, but Acer has clearly been thinking along these lines for some time. Last year, chairman Stan Shih told Reuters he predicted Acer's hardware business would last only ten years. In December, Acer offloaded its semiconductor business to Taiwan Semiconductor Manufacturing Corp. And the company has to date invested $50 million in 16 Net firms. However, according to Huang, that sum is set to rise to $500 million over the next two to three years. The focus, he said, will be on the Asian market: "The Internet... is very culture-oriented. Lots of content must be localised or regionalised, and Acer has had great experience in this region." That said, the money will be coming from the West. Huang said Acer's Internet business, to be known as Acer Digital Services, will seek funding from the US and ultimately be listed on Nasdaq. The IPO should take place by the end of the year. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.