Monday, March 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC: Zuckerberg Provides Update On Plan to Connect World
MWC: Panasonic Nubo Monitoring Camera Has 4G Connectivity
MWC: Alcatel Introduces HERO 2+ Phablet And IDOL 3 Smartphone
Google To Launch Wireless Service, Android Pay
HP to Buy Aruba Networks
MWC: Intel Launches New Mobile SoCs, LTE Solution
Jolla Introduces Sailfish OS 2.0
MWC: Fujitsu Develops Smartphone with Iris Authentication
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > Optical Storage > Acer Ch...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, November 26, 2003
Acer Chairman, CEO Shih prepares to move to venture capital spin-off


Acer Chairman and CEO Stan Shih, who co-founded the $13 billion Taiwanese computer giant 27 years ago, is preparing to spin off a venture capital business when he steps down at the end of 2004.

Shih said he has been preparing for the succession for more than 10 years. Acer President J.T. Wang, who is already overseeing day-to-day operations, is slated to take over the chairman and CEO post.

"We have done an exceptionally good job on the succession plan, especially for a Chinese company," said Shih, adding that Wang has done an outstanding job re-engineering Acer.

Shih is preparing to start Dragon Soft Capital, a venture capital fund that will provide consulting services including post-incubation and re-engineering services. Shih said Dragon Soft Capital will have two funds--a post-incubation fund of $60 million and an IP Fund 2 of $60 million.

Shih said the two funds will be focused on investing in the next phase of the technology business with a heavy focus on applications and services.

Shih, who started the first venture capital fund in Taiwan in 1984, has led the charge on a number of funds, including $14 million and $60 million funds in 1997 and a $60 million fund in 2000.

Shih said he has worked with Wang to move Acer from a technology-centric company to a more customer-centric company with services and software. He said he has more than a year to make adjustments if necessary to the business model with Wang.


Previous
Next
Lite-On's DVD drive shipments to reach 1 million in 1Q        All News        Pioneer expects revenue to rise over 10% next year
Pioneer expects revenue to rise over 10% next year     Optical Storage News      Pioneer expects revenue to rise over 10% next year

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

Related News
Acer Unveils Windows Phone 10-ready smartphone At MWC
New Acer Windows Phone Coming At Mobile World Congress
Acer To Start Shipping XG270HU Monitor with AMD Freesync Tech
Apacer Launches BLADE DDR4 Overclocking Modules
Acer Liquid Z200 Smartphones Debut in Japan
Acer Releases New Chromebooks For Education
CES: Acer Announces Large Chromebook, Gaming Monitors, Smartphones And More
New Acer Projector Delivers High Brightness, Short Throw Versatility
Acer Releases New B326HK 4K Display
Acer TravelMate B115 Released
Acer Reports Q3 Profit
Acer Aspire Switch 12 Offers 5 Modes in 1 Notebook

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .