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Articles tagged with: lanci

Acer Experiences Worst Quarter Since 2004; 64% Income Dive

Acer reported today a disappointing sales quota. The company experienced it’s lowest profit since 2004. The cause? All the hype over the iPad and the iPad 2, as well as the surge of many other tablets. Acer’s net income took a dive 64% to just over $41 million, the lowest since Spring 2004. The company even stated that the third quarter might see meager results as well.

Acer has been known to be losing ground in the notebook market, with many consumers switching over to tablets. Although Acer has long denied the fact of the iPad’s success, it is a fact hard to deny with such low profits. Unfortunately, Acer’s revenue consists of about three quarters of the company, with desktops and mobile devices making up just a quarter of its revenue.

Acer’s CEO, Lanci Drops Out

Gianfranco Lanci, the Chief Executive Officer of Acer has immediately resigned according to the company’s press release. What caused this sudden resignation? Apparently it has been going on for a number of months with disagreements between the chief exec and the board of directors. The press release also took mention of differences on “scale, growth, customer value creation, brand position enhancement, and on resource allocation and methods of implementation.”