Monday, September 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ASUS and G.Skill Take Overclocking Records
Korean Researchers Advance Synthesis Process for Graphene Quantum Dots
LG Display Opens LCD Panel Plant in China
Apple Said to Work With Visa, MasterCard on IPhone Wallet
China Gives Microsoft Deadline To Respond To Anti-trust Probe
Samsung Introduces First Curved Soundbar For TVs
Intel Hopes To Improve Its Mobile Business With Ex-Qualcomm exec
Kingston HyperX Demos DDR4 Memory at PAX Prime
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Acer Launches NVIDIA Tegra K1-Powered 13.3-Inch Chromebook
Acer Veriton Z4810G All-in-One Released
Acer Launches New C720 Chromebookd With Intel Core i3 Processors
Foxconn and Pegatron Gearing Up For iPhone 6 Production
Acer Elects George Huang as Acer Chairman
Acer Partners with Operators to Expand Smartphone Business in Asia and Europe
Foxconn To Become A Technology Services Company
Acer Veriton Z4 Series and N Series PCs Released
Apacer at Computex 2014
Acer Debuts 8-inch Iconia Android Tablet, New Smartphones And Wearable Device
Acer Launches Cloud Computing Drive
Foxconn to Buy Stake in Taiwan Telecom Operator

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 .