Thursday, April 17, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
TSMC Reports Quarterly Profit
Toshiba Debuts World's Fastest microSD Memory Cards
PlayStation 4 Sales Surpass 7.0 Million Units
Google Reports Lower Than Expected First Quarter revenue
AMD Demonstrates Next-Gen x86 APU Running Fedora Linux
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops
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 > 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
Pioneer expects revenue to rise over 10% next year        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 Introduces 27-Inch WQHD Monitor
Acer Debuts Liquid E3, Z4 Smartphones
Apacer Releases The AS710 Portable SSD
Acer CEO Blames Ultrabook Strategy For Company's Weak Results
Acer Announces new 7 and 7.9-inch Iconia Tablets, C720P-2600 Chromebook
Acer Appoints ex-TSMC Executive New CEO
Acer To Become A Hardware Plus Software and Services Company
Acer 21.5-inch Z3 600 AIO Coming In The US
Acer Introduces $299 Touchscreen Chromebook
Acer Elects Founder as New Chairman and President
Acer Adds $199 Model To Chromebook Line
Acer Posts Q3 Net Loss, CEO Resigns

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 .