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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kim who wrote (1465)	7/10/2002 3:09:23 PM
From: Proud_Infidel	Respond to of 25522

Taiwan's Acer sees lax tech rebound By Reuters July 10, 2002, 10:55 AM PT The chairman of Acer, Taiwan's largest personal computer company, warned Wednesday of poor recovery momentum in the second half for the global high-tech industry as it crawls back from last year's slump. "The industry has become mature, and the (PC) growth rate is very limited...You cannot expect the overall high-tech industry to have a very promising second half," Stan Shih, the chairman of Acer, told foreign journalists at a press event. Shih's remarks mirror those of the chief operating officer of Dell Computer, the world's second-largest PC maker, who said Tuesday that Dell had not seen a pickup in PC demand although it would still be on target for earnings and revenue in the second quarter. Shih added, however, that Taiwan tech companies could survive stiff competition and continue to expand market share through innovation and efficiency. "You have to improve your competitiveness and leverage your strengths. I think IT services are a new opportunity," Shih said, referring to Acer's new diversified tech-service business. As a part of its restructuring efforts, Acer invested $1 billion late last year in e-services like mobile data services, remote server management, and certificate authentication. In late 2000, Acer streamlined operations and split itself in two: one half dedicated to Acer branded products and services with an emphasis on Asia and China, and the other--Wistron--to contract manufacturing, or producing for other brands. Acer will also launch more new Acer-branded desktop and notebook computers in coming months to lift revenue. The company said last month that its third-quarter sales would rise 10 percent over the previous quarter and that it could see operating profits beginning in June after breaking even in May.