Acer, the Taiwanese computer company, has struggled for a while to sell enough computers to stay profitable, but investors still found room for disappointment in its most recent results.
Shares were down nearly 4 per cent in Taipei today after management spoke with analysts and the media to explain its second quarter operating loss of NT$613m and its 19 per cent year on year fall in revenue to NT$89.4bn.
Acer completed a slow reveal of its Windows 8 US launch products on Monday with all-in-one desktop PCs (pictured left)and two touchscreen displays.
This follows the unveiling over four different days earlier this month of Aspire S7 and M5 Ultrabooks, V5 series notebooks and two Iconia tablets.
Some good news for Acer — the PC-maker narrowly edged out Lenovo and HP as the largest notebook PC seller globally last quarter, writes Sarah Mishkin in Taipei.
Narrow here means narrow. Acer now has 15.4 per cent of the market. Tied for second place are Lenovo and HP, which each have 15.3 per cent, according to new research from Gartner.
Acer and its former chief executive Gianfranco Lanci may have parted ways for almost a year now, but it is apparently not quite water under the bridge between the two sides.
The Taiwanese company said on Tuesday that it has initiated legal action in Mr Lanci’s home country of Italy, alleging that Mr Lanci violated non-compete clauses in the contract he signed with Acer upon leaving in Febuary 2011 – Mr Lanci joined Lenovo as a consultant in September, and the Chinese company last month announced Mr Lanci would head its Europe, Middle East and Africa operations, effective April.
When Acer last March unceremoniously ousted its then-chief executive Gianfranco Lanci, it was not an amicable parting, with both sides apportioning blame on the other for the split.
But if the Taiwanese company had thought they were rid of Mr Lanci by forcing his resignation, then they are sorely mistaken. Mr Lanci was this week appointed the head of Europe, Middle East and Africa by none other Lenovo, Acer’s Chinese rival.