Taiwan's Acer to buy Gateway
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TAIPEI/SHANGHAI  - Taiwan's Acer Inc   will buy Gateway Inc  for $710 million to double its  U.S. presence and unseat China's Lenovo  as the  world's No. 3 PC maker, while dealing a blow to its efforts to  grow in Europe.
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To make their merger work, Acer must rebuild Gateway's economy image and compete for U.S. consumers, analysts said.
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Digesting Gateway and Packard-Bell Acer has pulled itself off the acquisition trail for the foreseeable future and will spend the next couple of years digesting Gateway and Packard Bell.â¦
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The first in a new series of desktop PCs from Gateway will become available later this week, says the company.
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Taiwan personal computer vendor Acer Inc. expects its computer shipments to increase 30-40 percent this year, a reduction from previous sales forecasts.
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Taiwanese PC maker Acer Inc. will acquire Gateway Inc. for US$710 million, Acer announced Monday.
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TAIPEI/SHANGHAI  - Taiwan's Acer  will  buy Gateway  for $710 million, creating the world's No.  3 PC maker and doubling its U.S. presence while dealing a blow  to arch-foe Lenovo's  efforts to grow in Europe.
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Acer's planned purchase of Gateway Inc. for $710 million, announced on Monday, means another reordering of the PC marketplace, analysts said.
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BREAKING NEWS - Global #3 PC manufacturer Acer has reached an agreement to acquire Gateway, America's #3 manufacturer, for $710 million. And in a possibly contingent move, Gateway will use some of that immediate cash infusion to exercise its right to preclude Lenovo from acquiring Packard Bell from California investor Lap Shun Hui, who purchased it from NEC just last year.
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Acer Inc. plans to acquire Gateway Inc. in a deal worth $710 million that Acer says will make it the world's third-largest PC vendor.
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Gateway CEO Ed Coleman will resign from his position at the end of January, clearing the way for Acer&#39;s top executive in the Americas to take the helm, the Taiwanese company said Friday.Acer completed its US$170 million acquisition of Gateway in October. Coleman, who served as CEO of Gateway since 2006, oversaw the start of efforts to integrate the U.S. company with its new owner. However, the completion of those efforts will be the responsibility of Rudi Schmidleithner, head of Acer&#39;s Pan-America Organization, who will take charge of Gateway at the end of January.Acer announced Coleman&#39;s departure in a brief statement that thanked him for his contributions during the transition period that followed the acquisition announcement in August. The statement said Coleman made the decision to leave the company, but did not offer a specific reason.Gateway now&#160;operates as a subsidiary of Acer and maintains its own PC brand, which is well known in the U.S.
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Computer manufacturer sells new line through major retail centers in bid to return to profitability. SAN FRANCISCO  - PC manufacturer Gateway Inc.
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Taiwanese PC vendor Acer predicts its PC shipments will grow as much as 35 percent this year led by a strong notebook PC market, a pace of growth that could see the company challenge U.S. rivals by the end of this year.Acer&#39;s revenue grew 25 percent last year to NT$461.7 billion (US$14.42 billion) and the company made inroads to the world&#39;s largest PC market, the U.S., by acquiring Gateway. The revenue figure is preliminary and only includes Gateway&#39;s last two and a half months of the year because the merger process took place late in the year.Acer bought Gateway&#160;for US$710 million last year.But the figures and PC shipments had a tremendous impact on Acer&#39;s global PC rankings in the final three months of 2007.The company took a solid third place in global PC shipments last year,&#160;topping Chinese rival Lenovo and gaining ground on Dell. Acer&#39;s global PC shipment market share during the fourth quarter of 2007 reached 9.6 percent in the fourth quarter, up 60 percent over the same time a year earlier, according to IDC, the industry researcher.Lenovo, which had been jockeying for third place with Acer all year, fell to fourth with a 7.5 percent share of the global market. HP retained its first place ranking with 19 percent market share, while Dell remained firmly in second place at 14.6 percent.&quot;Combined Acer/Gateway growth continued to be the fastest among the top vendors and is a very solid performance for the first quarter of merged operations,&quot; IDC said in a statement. &quot;Acer also clearly established itself as the third largest vendor, overtaking Lenovo, and seems to be handling the Gateway integration quickly,&quot; the statement says.This year, Acer forecast its PC shipments overall will rise between 30 percent and 35 percent, led by 40 percent shipment growth in notebook PCs. Such strong growth could help the company challenge Dell, which saw its PC shipments grow only 1.7 percent in 2007, according to figures from Gartner. The market researcher put Acer&#39;s shipment growth last year at 32.9 percent for the year.Acer&#39;s chairman, J.T. Wang, predicted last October that Acer could take up to a 12 percent share of the global PC market, putting it in the position to challenge Dell.Acer&#39;s net profit was NT$12.9 billion in 2007, up from NT$10.2 billion a year earlier. The company&#39;s 2007 figures are all preliminary, Acer said. Final results will be published later.&#160;
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TAIPEI/SHANGHAI  - Taiwan's Acer Inc will buy Gateway Inc for $710 million to double its U.S. presence and unseat China's Lenovo as the world's No. 3 PC maker, while dealing a blow to its efforts to grow in Europe.
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By The San Diego Union-Tribune  Sep. 6--The former owner of eMachines said yesterday he is reviewing his  options since Gateway rejected his $450 million offer to buy its retail  operations.   Lap Shun "John" Hui made the bid Aug. 23 to buy Gateway's retail  business.
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Yahoo Inc. YHOO.O has signed a   multiyear distribution deal to feature its Internet search   services on all personal computers from Taiwan's Acer Inc.   2353.TW, the world's No. 4-ranked computer notebook maker,   the companies said on Wednesday.
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An agreement announced Monday would deliver Gateway Inc. to former rival Acer Inc. for $710 million. The acquisition would make Acer the third-largest PC vendor in the world.