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Losses, write-offs and pay cuts: it's just a regular day at Acer
1/17/2014 10:51:00 AM
Acer executives are having a gloomy time of it after suffering a huger-than-expected financial loss for 2013 and subsequently being forced to take a 30 percent pay cut. Despite launching a wide range of PCs last year, the Taiwanese manufacturer lost around $700 million (NT$21 billion), including a last-minute write-down on "raw materials" that apparently escaped being turned into electronic devices that no one wants. Judging from the company's showing at CES this year, which included a dizzying number of models and form factors that in many cases failed to match rivals (like Lenovo) on specs or price, it looks like the company has yet to change its ways -- despite repeatedly changing its CEO.
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