The Inquirer-Home
Hardware > Desktops

Acer builds big war-chest

Raises $640m in raw wonga
By Wily Ferret
Mon Jul 02 2007, 11:35
ACER, LONG-TIME provider of computer periphery, is cashing in big-time with the sale of property and shares, raising a large pot of cash that it is going to start playing with.

DigiTimes reports that the firm has raised $640m US through the sale of holdings in companies including TSMC, Foxconn and Wistron. Combined with some real estate sales, this means that Acer now has a big jar of wonga with which to snap up some new investments.

Rumours are still rife that Shuttle is the first acquisition target, and neither firm has done anything to deny that. We're pretty sure that Acer could still have some spare change left over after snapping up the SFF maker, so the question is - who is next?

The move marks an aggressive new stance from Acer - releasing long-term, safe holdings and starting on a risky acquisition spree that could make or break the company's five-year strategy. If the firm makes bad decisions, it's an awful large amount of dollar to be throwing down the Taiwanese drains. µ

Share this:

< Previous article| Next article >
Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

aboutus
Advertisement
Subscribe to INQ newsletters
Click here to sign up Existing user
INQ White papers

Databases

Network management

Security

Service oriented architecture

Storage
Advertisement
INQ Jobs
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?

View other polls
Follow us:
Business & Technology websites:
Business research resources:
Products:
Investment Market IT websites:
Find out what you are worth:
Search for a job:
Recruitment Agency A-Z Directory
Accreditations: