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Acer's CEO Is Out, Another Victim of the iPad

Acer Chairman and Chief Executive Officer Wang
Acer Chairman and Chief Executive Officer WangPhotograph by Wally Santana/AP Photo

It’s easy to forget now, but when Steve Jobs unveiled the iPad, the hottest computer company on the planet arguably was not Apple, but Acer. The Taiwanese company had successfully worked its way up from Asian also-ran into the top tier, pushing past Lenovo and Dell while acquiring Gateway to amplify its presence in the U.S. Acer was on track to push aside Hewlett Packard and become the biggest company in the industry.

Indeed, in early 2010, around the same time Apple was introducing the iPad, Chairman J.T. Wang insisted that it was just a question of when Acer would dethrone HP. “”Within two to three years, we will be able to take the total PC No. 1 spot,” he said. “Whether it’s 2012 or 2013, it doesn’t make too much difference to us.”