Acer Chief Promises No Gateway Layoffs
For two months, Acer Chairman and Chief Executive Officer J.T. Wang has been trying to win over skeptics who have been questioning the wisdom of the Taiwanese computer company's acquisition of Gateway. In late August, Wang and his No. 2, Acer President Gianfranco Lanci, sealed a $710 million deal for the American PC maker. The acquisition, Acer executives argued, would help win customers in the U.S., where Acer traditionally has been weak. Moreover, the combination of Acer, Gateway, and Packard Bell (the European PC maker that was also part of the deal) would leapfrog the company ahead of Lenovo (SEHK) to become the No. 3 computer brand worldwide (BusinessWeek.com, 8/27/07), behind only Hewlett-Packard (HPQ) and Dell (DELL).
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