Sunday April 24, 2011

Acer Reports Lowest Profit in Six Years

Troubled times for the notebook producing Acer Corporation. The company’s signature cash cow is running dry. Management is planning to restructure the company and focus on new product lines. Acer recently released its first and only tablet earlier this month.

Acer lost its position as the largest maker of portable computers in the fourth quarter and its share of the overall market dropped again in the first quarter, according to research firm IDC.