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By | Drew Cullen 28th March 2007 21:31

Acer draws sting from HP's patent fury

We're looking into it, OK?

Acer came out with the blandest of responses to the patent lawsuit hurled its way by HP yesterday. To summarise: it respects intellectual property and is looking into HP's claims.

The Taiwanese PC maker today supplied the market with a snapshot of last year's financial performance. Revenues advanced 16 per cent to $11.32bn (NT$369.09bn) in 2006. Profits after tax climbed 20.5 per cent from 2005 to US$313.47m (NT$10.22bn).

What else? Ah yes, the company is selling off Sertek, its components distie to fellow Taiwanese firm, Yosun Group, for an undisclosed number of cash and shares. Acer will take a seat on Yosun's board.

Acer's Chairman J.T. Wang didn't do the company many favors on the IP front during a Sept. 2005 news conference.

At the gig, Wang declared, "We don't want to be a pioneer anymore. Innovation should not be respected so much."

That line used to work for Michael Dell too. ®

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