Monday, December 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Acer to...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 23, 2004
Acer to sell Foxconn and BenQ shares


Acer announced yesterday that it will sell 10 million shares it holds in Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) and 125 million shares it holds in BenQ.

The sales are expected to result in an investment income of NT$3.12 billion for Acer, based on Foxconn?s closing price of NT$119.50 and BenQ?s closing price of NT$36.70 on the TAIEX yesterday.

Acer said that the goal of selling the shares is to increase its profitability in the second half of this year, as its first half net profits accounted for just 32.7% of its 2004 projection.

Acer may release its holdings from Foxconn?s GDR (global depositary receipt) issue and sell BenQ?s shares on the TAIEX and to some designated investors, according to market sources.

Acer currently holds a total of 190 million shares, or a 15% stake, in BenQ. After its planned sell off, Acer?s stake in BenQ will be lowered to 5%. Stan Shih, chairman of Acer, said earlier that he personally will take up a portion of BenQ shares released from Acer to help stabilize BenQ?s management.

From DigiTimes



Previous
Next
Exploit posted for Microsoft JPEG flaw        All News        ACARD DVD Copy Controller Supporting 16X Writers Reaches 12X in Full Burning
Exploit posted for Microsoft JPEG flaw     General Computing News      Sony to support MP3

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Foxconn, Alibaba and Vianet to Build Cloud, Wi-Fi, Big Data Network in Guizhou, China
New Acer Projector Delivers High Brightness, Short Throw Versatility
Hon Hai, Innolux Invest In New Flat-panel Plant In Taiwan
Acer Releases New B326HK 4K Display
Acer TravelMate B115 Released
Acer Reports Q3 Profit
Acer Aspire Switch 12 Offers 5 Modes in 1 Notebook
Acer Brings 4K Display to its V Nitro Black Edition Notebook PCs
Acer To Take On Apple Pay With Own Fingerprint Technology
Acer Partners with Octon for BYOC Solutions
Acer Debuts New Hybrids At IFA 2014
Acer Launches NVIDIA Tegra K1-Powered 13.3-Inch Chromebook

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .