Acer to buy IBM equipment: investors sanguine on benefits of $8 billion deal

Article Abstract:

The agreement between Acer Inc and IBM involving the former's purchase of $8 billion of computer parts and technology from the latter has pushed up the share price of Taiwan's largest PC maker and has helped propel the country's main stock index to its highest close since Jun 1998. Under the deal, Acer will also market IBM products via its distribution channels and Acer affiliates may later produce display screens and computer chips for IBM. Taiwan Semiconductor Manufacturing Co's announcement that it will acquire a 30% stake in Acer Semiconductor Manufacturing Inc, which is 49% owned by Acer, may also be boosting Acer shares.

United States, Computers & Auxiliary Equip, Office & Computing Machines, New orders received, Mail & Express Services, Couriers, Office equipment, Office equipment and supplies industry, Office equipment industry, International Business Machines Corp., Delivery services, Contracts, Mail receiving and forwarding services, Mailing services

Acer hits Siemens snags

Article Abstract:

Acer Inc.'s tentative agreement to acquire the personal computer operations of Siemens-Nixford Informationssysteme AG may take longer than expected, according to Simon Lin, head of Acer's PC products unit. Lin declared that both Acer and Siemens were overly positive that negotiations would be finalized within a month. Acer, which stated on Apr. 23, 1998 that it had inked a memorandum of understanding to purchase Siemens' plant in Augsburg, Germany, for an undisclosed amount, currently hopes to complete negotiations with Siemens by the end of the July 1998 or early August 1998.

Comment:

Its agreement to acquire the PC operations of Siemens-Nixford Informationssysteme AG of Germany may take longer than expected

Taiwan, Analog & Hybrid Computers, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Germany, Microcomputers, Siemens-Nixdorf Informationssysteme AG, Article

Acer moves toward resolving its succession dilemma

Article Abstract:

Taiwan-based Acer Inc's succession problem may finally be ending with the announcement of Acer Chairman Stan Shih that he will retire in 2004 and the naming of Simon Lin as the company's new president and CEO, replacing Shih. Lin's appointment may create a new road for Taiwan where company founders normally choose their relatives as their successor. Lin faces difficulties since the company has failed to be profitable, eventhough Shih has created the country's most famous international brand.

Electronic computers, Computers, Officials and employees, Appointments, resignations and dismissals, Chief executive officers, Shih, Stan, Lin, Simon