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Articles about Acer

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Acer puts fundraising plan on ice as stocks struck by chilly winds

Acer could well postpone cash-raising activities on the Taiwanese Stock Exchange due to some volatility in its share price, according to founder Stan Shih. The plan was to issue shares with a target price of NT$20 per unit but the PC maker’s valuation dipped NT$0.35 on the Exchange yesterday to NT$19.80, so investors are …
Paul Kunert, 28 Oct 2014
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Acer pair charged with insider trading for '$72k pre-results stock dump'

Two senior Acer staffers have been charged with insider trading – after allegedly offloading shares worth $72,300 just before the PC giant announced fresh financial losses. Former company mouthpiece Henry Wang and investor relations division senior manager Jiong Yuan Chen were charged in Taiwan late last week along with five …
Paul Kunert, 12 May 2014

Acer parachutes cofounder Huang in as new chairman

The board of directors at troubled device maker Acer have again elected a key figure from the past to help it get "back to success", the company confirmed following today's Annual General Meeting. Co-founder and general secretary of the Transformation Committee George Huang is to replace the firm's other co-founder, Stan Shih, …
Paul Kunert, 18 Jun 2014
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Acer coughs to insider trading probe on 2 staffers

Senior execs implementing a turnaround strategy at sickly PC maker Acer have another plate to spin after prosecutors stormed the firm's HQ in Taiwan over an insider trading probe. Ten peeps, some of whom are still employed by the firm, were held and quizzed about the alleged offence, according to the New Taipei District …
Paul Kunert, 18 Mar 2014
Escalator Stairs

Acer founder Shih to step down for second time next month

Stan Shih, chairman and founder of ailing PC maker Acer, is set to retire next month as the company continues to try and claw back market share and force its way into the global top three. Shih, 69, will leave the company on June 18, the same day shareholders meet to elect a successor, according to Reuters. He is apparently …
Phil Muncaster, 05 May 2014

You can put away the microscope – you can see Acer's profit from HERE (for a change)

Red ink was again conspicuously absent from Taiwanese device slinger Acer’s second quarter numbers, despite continued sale slippage. The biz turned in a net profit of NT$486m (£9.6m, $16.1m) for the calendar quarter versus a net loss of NT$343m (£6.77m, $11.3m) a year ago when it had stumped up for rising DRAM prices and …
Paul Kunert, 08 Aug 2014
iconia W3 acer

Acer suffers terrible let-down after unexpected withdrawal of Wang

Shares of Acer fell by their daily limit in Taiwan after the company announced that chief exec JT Wang was abandoning ship and it was going to cut seven per cent of its staff to try to save some money. Acer stocks opened the session already down 6.9 per cent, the maximum they are allowed to fall in any one trading session, to T$ …
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Acer names Jason Chen as its white knight

Acer has named the man it thinks can dig it out of the hole created by the collapsing PC market. Jason Chen, currently the senior vice president of worldwide sales and marketing at Taiwan Semiconductor Manufacturing Company (TSMC), steps into the CEO and president's chair on January 1st, 2014. Chen doesn't have a high profile …
Simon Sharwood, 24 Dec 2013
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Acer UK seeks new overlord for Blighty tentacle

Neil Marshall, the Brit Acer brought home to clean up its British business, has bagged a promotion. An internal candidate will be lined up to replace him as he moves further up the ladder. Staff in Blighty were told this week that Acer UK managing director Marshall is rising to regional director for northern Europe, an area that …
Paul Kunert, 04 Oct 2013
management management

Son of Stan made president of Acer's cloud and notebook biz

Stan Shih, the man who founded Acer and returned late last year to stem the losses and rebuild the organisation has elevated his eldest son to overlord of slabs and cloudy wares. A company spokesman confirmed that as part of a wider management re-shuffle, Maverick Shih (for it is he) is now president of the Build Your Own Cloud …
Paul Kunert, 28 Jan 2014

Our Moderately Sized Data analytics engine pooh-poohs Acer '30 second support' claims

Biz customers with broken Acer kit might want to sling a call into the technical centre: then put on the kettle and make a cuppa, because they could be on hold for a lot longer than they were expecting. Certainly longer than the half a minute average response time that Jakob Jersild Olsen, veep at Acer's commercial division EMEA …
Paul Kunert, 19 Mar 2014
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Acer names Marco Andresen as UK boss... yes, you read that right

Hardware giant Acer is keeping the UK MD's role in the family with Marco Grieco Wang Andresen, currently chief of the operation in Sweden, set to place, er, one cheek in the hot seat from next month. As revealed by El Chan last week, the current boss, Neil Marshall, is set to become director for northern Europe - but will share …
Paul Kunert, 07 Oct 2013

Acer fairly sure it made a profit in Q1. Assuming it got the office tea-bag account right

Ailing Acer has told us "transformation plans" are on track despite generating a profit after tax of just NT$1m - or £19,600 - in the first calendar quarter of 2014. This titchy cash haul would cover a small bunch of non-golden parachutes for execs that want to bale: or equates to a £2.80 handout for each employee in the company …
Paul Kunert, 08 May 2014
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Acer kills CEO job before CEO starts: All goes Wong after Wang pull-out

It is a momentus day for ailing PC maker Acer: founder and former CEO Stan Shih has agreed to exit retirement, albeit temporarily, to try to dig the business out of a deepening hole. Just weeks after the resignation of CEO and chairman JT Wang - the man that replaced Shih in 2005 - the board at the Taiwanese firm elected the …
Paul Kunert, 21 Nov 2013
Electronic waste dump in China

Acer writes off MEELLIONS again, scraps raw materials

Beleaguered PC maker Acer is back in the red again after scrapping millions of pounds worth of raw materials inventory as the first move to "dig" itself out of a deepening hole. With a new broom on board - the latest CEO Jason Chen was plonked into the top job back in December - operating under the gaze of founder and returning …
Paul Kunert, 17 Jan 2014

Struggling Acer pulls out Wang too late, then calls Wong number

Acer CEO and chairman JT Wang has quit amid widening losses and a resulting company restructure that involves job cuts at the Taiwanese PC maker. The firm has also turned to its retired founder to help carve out a future. Wang succeeded Gianfranco Lanci at the top of Acer back in March 2011 as the company wrestled with …
Paul Kunert, 05 Nov 2013

Acer shakes fist at rising DRAM and R&D costs

Acer has swung to a calendar Q2 loss caused by rising component costs and R&D investments, the Taiwanese PC maker has claimed. The world's fourth largest shifter of computer tin reported operating losses of NT$613m (£13.2m) for the three months ended 30 June compared to an operating profit of NT$433m (£9.3m) a year earlier. " …
Paul Kunert, 07 Aug 2013

Acer to downplay Windows in favor of Android, Chrome OS

Acer has told investors that it will reduce its emphasis on Windows PCs and laptops over the next few quarters in favor of devices based on operating systems from Microsoft's archrival Google. The Wall Street Journal reports that that Taiwanese hardware maker plans to grow its "non-Windows business" rapidly, such that Android …
Neil McAllister, 08 Aug 2013

Hey, Acer: Is that a rounding error, or did you actually make a profit?

Only a foreign exchange tailwind and stock disposal helped ailing Acer return to profit for calendar Q1 of 2013. The Taiwanese firm booked sales of NT$91.9bn (£2bn) during the period, down more than 18 per cent year-on-year. This was "in line with the original shipment outlook", Acer said in a statement accompanying the numbers …
Paul Kunert, 07 May 2013
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Acer slashes book worth of brands by £76m

Acer has slashed the book worth of PC brands in its stables by the tune of NT$3.5bn (£76.1m). The write-down, relating to acquired firms including Gateway, Packard Bell, eMachines and e-Ten, will be seen in the 2012 annual report. "This asset impairment evaluation has no impact on the business operation and working capital," …
Paul Kunert, 22 Jan 2013
Acer CloudMobile S500

Acer's Wang: Size of PC shipments to shrink month after month

Acer's boss expects the vendor's PC shipments to slump up to 15 per cent sequentially in the first quarter, but insists the firm has a "good chance" of scraping back to black this year. The prediction illustrates the massive challenges faced by Acer, given the massive year-on-year slump in shipments it showed for the fourth …
Joe Fay, 18 Feb 2013
Boxer defeated. Pc credit: Sergey Barkov via SXC

Mighty Acer still weaving after 2011's knockdown punch

The once unstoppable sales juggernaut Acer still hasn't regained the momentum that carried it close to the top of the PC market, certainly if its Q3 prelims are anything to go by. Revenues for the calendar third quarter slid 5.6 per cent to NT$104.4bn (£2.22bn), down 11.4 per cent on the same period a year ago. The problem is …
Paul Kunert, 23 Oct 2012

Acer's tiny raft of profit smashed onto rocks by Gateway and co

The much touted recovery at PC maker Acer didn't show up in 2012: a write-down on its assets dragged its accounts into the red. The vendor said its sales in 2012 slid 9.6 per cent year on year to NT$429.5bn ($14.4bn, £9.53bn), bagging it a razor-thin operating profit of NT$1.03bn ($34.6m, £22.8m). But that was wiped out by an " …
Paul Kunert, 20 Mar 2013
Microsoft Surface RT - open

Acer is the latest maker to delay plans for a Windows RT fondletop

Acer has postponed the release of its Windows RT tab on the channels say so as it waits to see how market adoption rates develop. The Taiwanese giant had planned to push out its version around February next year but EMEA president Oliver Ahrens confirmed the date has slipped by a couple of months. "We talk to channel partners …
Paul Kunert, 31 Oct 2012
Acer C720 Chromebook

Consumers start feeling the love as Chromebook sales surge

Chromebooks are set to become the next big thing in personal computing devices after sales skyrocketed by two thirds over the last quarter. Shipments of Chromebooks jumped 67 per cent during the second quarter of 2014, and are projected to double in size year-on-year according to ABI Research. Acer moved the most Google- …
Gavin Clarke, 23 Oct 2014
Acer Aspire Timeline Ultra laptop

Ultrabooks to account for 35% of Acer laptop shipments

We already know that, having failed to set the world alight with its tablets, Acer is keen to talk up alternatives, most notably Intel's Ultrabook platform. So it comes as little surprise that the PC maker is saying it's going to sell a lot of them this year. Specifically, it reckons at least a quarter and perhaps more than a …
Tony Smith, 19 Jan 2012
Acer Aspire S3 Ultrabook

Acer bigwig sees gloomy future for Ultrabooks in Europe

Acer has downgraded sales forecasts for Ultrabooks as the relatively hefty price tag and smaller screen size continues to limit adoption in Europe. The PC maker had expected the super skinny platform to comprise between 25 and 35 per cent of total notebook sales globally by the end of this year. "Overall the Ultrabook segment …
Paul Kunert, 26 Jun 2012
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Acer pulls out Wang, thrusts its wealth at Ho

Acer has appointed Eva Ho as Chief Financial Officer today to replace Lilia Wang, Bloomberg reports. Ho, who was educated in Taiwan, previously held financial posts at Sun Microsystems China and Oracle. She will also take the role of company spokesperson and assume all her new responsibilities by the end of March. The finances …
Anna Leach, 13 Jan 2012

Acer: Windows 8 'uncertainty' deflates Wang's big growth aim

Acer Inc reckons the "uncertainty" surrounding the Windows 8 ecosystem will translate into lower-than-expected sales for the second half of 2012. The admonition was made as the Taiwanese PC company reported Q2 numbers for the period ended 30 June that showed sales fell 8.3 per cent year-on-year and 2.2 per cent sequentially to …
Paul Kunert, 17 Aug 2012
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Acer limps into 2012 with declining January sales

Acer has not made the positive start to the year that it was banking on after confirming a double-digit decline year-on-year in sales for January. After a disastrous 2011 in which Acer posted losses, parted with its CEO and a stack of senior management, and was knocked further down the pecking order in the global PC market, the …
Paul Kunert, 10 Feb 2012
Olympics Technical Operation centre, credit The Register

Acer dishing out 16,400 cheap OLYMPIC laptops to schools

Acer plans to flog 500 "Olympic" laptops to school children in North East London after the Games close. The Taiwanese firm has also promised that the other 15,900 computers they put into London 2012 will be packaged up and sent into schools around the UK. The PCs were used for everything from planning athletes' travel to …
Anna Leach, 12 Aug 2012
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Former Acer CEO Lanci trousered £27m after PC-mountain cockup

Acer's former CEO pocketed a tidy pay-off worth NT$1.28bn (£27.2m) after exiting the Taiwanese PC giant last year, the vendor has revealed. Lanci left the firm in March 2011 following a boardroom bust-up over the future direction of the company and carried the can over a calamitous inventory cock-up that forced Acer to write …
Paul Kunert, 21 Jun 2012
fingers pointing at man

Acer Q1 profit falls

Acer's recovery at the end of last year was short lived as Q1 sales and profits moved south. Revenues and operating income declined 11.4 per cent to NT$113bn and NT$138m respectively in the three months, which the firm described as being "in line with expectations". Profit after tax fared worse, crashing 72.1 per cent to NT$ …
Paul Kunert, 25 Apr 2012
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Banks bung hard-up Acer £315m loan

Troubled Acer has penned a new financing deal to cover working capital requirements and pay off a previous loan it took out to acquire Gateway. The firm has gone through a major reshuffle of management following a loss-making year in which sluggish consumer demand caught it by surprise and resulted in an inventory pile-up. The …
Paul Kunert, 17 Nov 2011
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Distie Stordis plans to steer clear of Acer server biz

Stordis, distributor of the soon to be murdered Gateway brand wants to play no part in Acer's server business when it relaunches early next year. The German-owned HPC components minnow says it had a pan-European contract with the Taiwanese firm but enduring such an unpredictable working relationship that it decided to call it a …
Paul Kunert, 02 Dec 2011
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Acer set to unleash 15in fibreglass MONSTER

Taiwanese hardware giant Acer is set to continue with its plans to target Intel’s super-skinny laptop segment with the launch of a new 15in fibreglass Ultrabook in the next couple of months. Unnamed Taiwanese supply chain makers revealed to Digitimes that ODM Pegatron has been producing the machines since mid-March, and is …
Phil Muncaster, 29 Mar 2012
homeless man with sign

Acer's proud Wang: We're on the rise at last

Acer returned to profit in the fourth quarter, albeit marginally, but the recovery came too late in the year to prevent it from posting very significant losses for the whole of 2011. The once high-flying Taiwanese notebook linchpin was slapped by an inventory crisis in March when it discovered stock "abnormalities" in a European …
Paul Kunert, 15 Feb 2012
homeless man with sign

Acer UK disties expect big things of new boss

Distributors have backed incoming Acer UK boss Neil Marshall to turn the ailing operation around and confine the channel-stuffing saga to history. As revealed first by El Reg, Marshall was parachuted into the UK organisation after previous incumbent Bobby Watkins was shown the door following a staggering drop in sales. An …
Paul Kunert, 01 Dec 2011
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Acer sues ex-boss Lanci for shacking up with Lenovo

Acer has sued former president and CEO Gianfranco Lanci amid claims that he breached a non-compete clause by joining rival Lenovo. The lawsuit was lodged in a Milanese court today, according to a notification Acer made to the Taiwan Stock Exchange. The PC giant will seek to ascertain whether Lanci violated the "non-compete …
Paul Kunert, 07 Feb 2012
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Acer vows to lose its rep as cheap consumer tat-pusher

Acer UK has flushed away its previous channel programme after polishing off a shiny new scheme to underpin its pursuit of biz customers. The once high-flying consumer brand, best known for punting low-cost notebooks in huge volumes, is trying to spread its tendrils in the commercial markets and needs tools to more effectively …
Paul Kunert, 03 May 2012
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Acer UK boss Watkins quits

Acer UK boss Bobby Watkins has quit after a string of disastrous quarters in which the firm's sales collapsed, The Register can reveal. It is understood that Acer veteran Neil Marshall, currently director of global sales and marketing transformation, will be picking up the reins. Channel sources reckon that Watkins resigned as …
Paul Kunert, 25 Oct 2011
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Acer cuts losses and inventory in Q3

Acer losses narrowed in its third quarter ended September but the bust consumer sector and inventory woes still weighed heavy on its bottom line. The troubled Taiwanese titan reported prelim losses of NT$1.1bn (£22.9m) compared to profits of NT $4.29bn (£89.3m) for the three month trading period a year earlier. Sales fell 28 per …
Paul Kunert, 21 Oct 2011
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Acer execs play musical chairs

Acer is shuffling the chairs on its exec deck with EMEA president Walter Deppeler moving to become chief marketing officer, and head of the China operations Oliver Ahrens replacing him. Long-serving exec Deppeler will also lead global marketing and branding, assuming the responsibilities of Gianpiero Morbello who left in the …
Paul Kunert, 27 Oct 2011
Microsoft Surface tablets

Acer big cheese: Microsoft Surface sales will be 'superficial'

Microsoft Surface tablets Microsoft Surface: No competitive threat, says Acer Acer EMEA boss Oliver Ahrens has brushed aside Microsoft's foray into the tablet market, dismissing the Surface as a competitive threat. Last week the covers were lifted off the Surface, a 10.6 inch devices, based on ARM and Intel platforms. " …
Paul Kunert, 25 Jun 2012
For Sale sign detail

Acer restructure continues as another honcho heads out

Restructuring at Acer continues with another high level director exiting the business in the wake of its inventory woes and declining sales. The firm parted with CEO Gianfranco Lanci in March and then began initiating an operational re-jig during the summer, creating three divisions: consumer, professional and Touch. Among the …
Paul Kunert, 15 Sep 2011
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Acer turns to trains for imports

PC vendors may be finally bowing to pressure to build more flexibility into the supply chain amid reports that Acer is to start shipping PCs by train. Forty carriers are already en route to Europe. Disties have been calling for alternative transportation techniques following the growing mountain of notebooks in the region caused …
Paul Kunert, 01 Aug 2011
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Acer first PC vendor to confirm price hike

Acer has become the first major PC vendor to confirm a price rise in response to flooding in Thailand, which it says has led to a 20 per cent hike in the cost of disk drives. This comes just days after Acer described the outlook for HDD supplies as uncertain, while rivals firms agreed drive component prices would head north, and …
Paul Kunert, 28 Oct 2011
channel

Gartner: Acer's glory days may be over

Gartner reckons the inventory debacle at Acer may have permanently cost the vendor its position near the summit of the PC market. According to Q3 worldwide numbers from Gartner, Acer sales into the channel declined 23.2 per cent in a market that grew 3.2 per cent. As a result, the Taiwanese giant remained in fourth spot behind …
Paul Kunert, 17 Oct 2011

Acer EMEA boss: PC crash hit us like a coal mine GAS BLAST

Acer's channel-cramming strategy that left it with a pile of unsold PCs almost visible from space was "terribly wrong", a top boss has admitted. EMEA president Oliver Ahrens, who led Acer China while Europe's inventory mountain grew, told The Channel the hardware vendor has learned its lesson after consumer demand swerved …
Paul Kunert, 17 Jul 2012
Dell Chromebook 11

Chromebooks to break out of US schools: Netbook 2.0 comeback not just for children

It may be a niche, but the market for Chromebooks will grow, according to research company Gartner. The analyst has predicted 5.2 million of the Google OS-powered laptops will be sold this year. Not only that, but the number-crunchers also reckon sales will nearly triple by 2017. That growth will come from Chromebooks breaking …
Simon Rockman, 11 Aug 2014

Opinion

Microsoft Surface bomb
Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen

Features

No, silly... he was the fall guy for years of Finnish folly
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Microsoft's strategy is to make Store apps popular. Good luck with that