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To: Don Green who wrote (78123)	8/28/2001 10:08:41 PM
From: Don Green	Read Replies (1) \| Respond to of 93625

Economic Slowdown Hits Acer As Quarterly Net Plunges 94% By TERHO UIMONEN Staff Reporter of THE WALL STREET JOURNAL August 29, 2001 TAIPEI, Taiwan -- Taiwan's best-known computer maker, Acer Inc., posted a 94% drop in second-quarter net profit from a year earlier, as the company struggled to reverse flagging sales amid a major corporate overhaul. The poor results from Acer, the once-highflying symbol of Taiwan's technology prowess, underscore how hard the island has been hit by a collapse in global technology spending. And in an ominous sign for an economy already reeling from record unemployment, at least one analyst said the company could be forced to cut more jobs to reverse its fortunes. Acer executives blamed the earnings shortfall on the world-wide slowdown in personal-computer sales, but analysts said the company's results were worse than expected and compared poorly with those of other computer makers. Global PC sales contracted by roughly 2% in the second quarter from the previous year, according to market-research companies, the first time that computer sales have shrunk since 1986.