Acer posts deeper than expected loss as iPad effect deepens

“Acer on Tuesday posted a deeper than anticipated loss in the spring equal to $234.3 million and lowered its expectations for the year,” Electronista reports.

“The quarter was spun as a ‘correction period’ as it had to clear out unsold stock and was paying severance deals for executives that had left in the company’s mobile-focused shakeup, including former CEO Gianfranco Lanci,” Electronista reports. “Chairman JT Wang added that, in spite of past promises, it would be ‘impossible’ for the company to avoid a loss for the year as a whole.”

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Electronista reports, “In spite of the results, Wang clung to his insistence that tablets were a fad. He saw the demand for them as a “fever” and that notebooks would eventually reclaim the limelight. He didn’t predict when this shift would happen.”

Read more in the full article here.

More also from Reuters here.

MacDailyNews Take: Apple’s bloodbath has left Wang lightheaded. Breathe, JT, breathe… Here, have a cookie.

 

[Thanks to MacDailyNews Readers “Fred Mertz” and “Dow C.” for the heads up.]

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