Acer's net fell 60% in quarter amid continued losses at unit

Article Abstract:

Acer Inc. of Taipei, Taiwan, has reported a 60% drop in its net profit in the third quarter of 1998 to NT$ 225 million ($6.9 million) from NT$ 558 million in the same period in 1997. Part of the decline in Acer's profit had been attributed to its 50%-owned Acer Semiconductor Manufacturing Inc., which posted a loss of NT$ 1.6 billion, as a result of the depressed prices of memory chips worldwide. Despite Acer's poor performance in the third quarter, company Vice President Philip Peng reported that its net profit forecast of NT$ 3.5 billion for the year will remain unchanged because of Acer's optimism that its semiconductor unit will perform better and an increase in operating profit in the fourth quarter of 1998 is expected as a result of a recent improvement in memory-chip prices.

Comment:

Reports a 60% drop in net profit in the 3rd quarter of '98 to NT$ 225 mil ($6.9 mil) from NT$ 558 mil in the same period in 1997

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Acer Inc., Article

BenQ posts loss as cellphone unit weighs on results

Article Abstract:

BenQ Corp. of Taiwan posted a net loss for this quarter, the second quarter running. The cellular telecommunications giant is still integrating the acquisition of Siemens AG of Germany. The mobile phone operator is predicting revenues to increase in this quarter and in the second half of this year.

Computer and Office Equipment, Company sales and earnings, Company earnings/profit, Company overview, BenQ Corp.

Acer expects revenue to rise

Article Abstract:

Acer Communications and Multimedia Inc. is forecasting a 62% increase in revenue for the fourth-quarter of 2001. The company is forecasting $735 million (825.8 million euros) in revenues for the period.

Computer peripheral equipment, not elsewhere classified, Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Forecasts and trends, Computer peripherals, Acer Communications and Multimedia