Acer moves toward resolving its succession dilemma

Article Abstract:

Acer Inc. Chairman Stan Shih has unveiled his intent to resign from the company in six years. Simon Lin, who has been appointed to Shih's former positions as president and CEO, is anticipated to succeed Shih. Lin, 45, is expected by analysts to meet several challenges once he succeeds Shih as chairman. Among the challenges include the need to help Acer return to profitability after incurring losses worth over $200 million in the past ten years and to prepare the company in times when most consumers prefer the newer and more innovative products of other computer makers than its traditional computer products.

Comment:

Chairman Stan Shih unveils his intent to resign from the company in 6 years

Taiwan, Executive changes & profiles, Article

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Acer revises 1998 outlook

Article Abstract:

Acer Inc's 1998 net profit projections is expected to be reduced by more than 30% due to weak memory chip prices. Acer, one of the world's biggest computer manufacturing company, previously forecasted a 1998 profit of 5.5 bil Taiwanese dollars. However, company's stocks dropped 3.4% to 1.30 Taiwanese dollar per share. Acer posted a net profit of 1.1 bil Taiwanese dollars from Jan to Mar 1998 compared to the 1997's figure of 687 mil Taiwanese dollars. Acer's losses is compounded by the 5-bil-Taiwanese dollar losses of Acer's chip division, Texas Instruments-Acer Inc.

Finance

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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.

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

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