Acer in major restructuring plan

Acer moves to stem blood lossTaiwan's largest PC manufacturer Acer, announced a major restructuring plan Tuesday to tackle lacklustre performance that has seen its share price plummet 79 per cent in a year.

This is the second major restructuring operation in two years.

Company chief executive Stan Shih is quoted in the FT as saying: "Acer operations have just become too big and too complex," while announcing plans to set up two new units. Acer Brand Operations (ABO), will take over developing PC, notebook and other electronics products.

Acer's current chief executive, Simon Lin, will take charge of the company's OEM business. Acer designs computers for Dell and IBM among others.

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