Acer counting on Santa liking LCD TVs
Jun 16, 2006
To cash in on the Christmas season, Acer Inc, the world's fourth-largest personal computer vendor, is set to unveil a slew of liquid-crystal-display (LCD) TVs and smartphones in the next quarter, a company official said yesterday. Stronger LCD TV momentum will be seen next year in the home entertainment market and replacement of traditional cathode-ray-tube TVs in developing countries, Wang Jeng-tang, Acer's chairman and chief executive officer, was quoted as saying by the Chinese-language Cnyes.com. He told the company's annual shareholder meeting in Taipei yesterday that Acer has lagged behind slightly in launching LCD TV models, and it will be "challenging" for the company to meet its goal of shipping 500,000 units by year's end. The company shipped 150,000 units of LCD TVs last year. Wang said Acer will be profitable in the LCD TV business after the segment reaches US$1 billion, translating to shipments of 1 million units -- which it hopes to achieve by the end of next year. With more smartphone models coming in the fourth quarter, he expected this business to become profitable for Acer in 2008, the Web site quoted Wang as saying. Acer shareholders approved a dividend of NT$3.20 per share yesterday, which consists of a NT$3 cash dividend and a NT$0.20 stock dividend, according to a company statement. source: Taipei Times
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