Taiwan Acer executive to replace Gateway CEO
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Taiwan's Acer Inc , the world's No.3 computer vendor, said on Friday that one of its own executives will replace the chief executive of its newly acquired Gateway unit.
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AOL Europe appoints new chief exec
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Stan Shih, the chairman and chief executive officer (CEO) of Taiwan's AcerÂ and a highly respected pioneer of Taiwan's IT hardware manufacturing industry, officially retired on Dec. 31, according to a company statement.
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Acer's acquisition of Gateway will result in a different product mix starting with some new Gateway laptops to be released early next year, an Acer executive says.
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PC maker Dell Inc.  said  on Wednesday that founder and Chairman Michael Dell would  become chief executive, effective immediately, replacing former  CEO Kevin Rollins.
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In a surprise move, Yahoo's board announces co-founder Jerry Yang will replace Terry Semel as CEO of the company. Semel will stay on as non-executive chairman, and former CFO Susan Decker will become president of the company.
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Acer&#39;s current president, JT Wang, will take over as chairman and chief executive officer, replacing Acer co-founder Stan Shih, who will retire at the end of the year.
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Acer Inc, the world&#39;s fifth largest PC vendor, yesterday formally unveiled its new management team, whose goal it will be to make the company one of the top three players in the industry over the next three years.
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Vijay Samalam has taken over as second-in-command at the San Diego Supercomputer Center, replacing Alan Blatecky.
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InfoWorld - The new Gateway will launch a complete line of notebook PCs as one of many steps to revitalize its business afterÂ merging with Acer, an Acer executive said Friday.
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Acer Inc.'s shares fell sharply Tuesday, one day after the Taiwanese computer maker said it would acquire Gateway Inc. for $710 million.
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Taiwan-based Acer Inc. will acquire Gateway Inc. for $710 million in a deal designed to give the long-struggling US computer maker the size it needs to compete against larger players, the companies said yesterday.
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Jeffrey B. Lane will replace a senior executive whose unit ran two hedge funds that nearly collapsed this month.
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Acer has passed Lenovo Group as the world&#39;s third largest PC vendor with its&#160;purchase of Gateway, and now it&#39;s&#160;gunning for U.S. giant Dell.Next year, Acer could take up to a 12 percent share of the global PC market, putting it in the position to challenge Dell, said J.T. Wang, chairman of Acer, at the company&#39;s third-quarter investors&#39; conference in Taipei on Friday.Shipments by Acer have been growing fast this year due in part to a focus on laptop PCs, the hottest segment of the PC market, and the company&#39;s strategy of working closely with distributors.Acer&#39;s shipments grew 58 percent year over year in the third quarter, according to Gartner. The Taiwanese PC vendor accounted for 8.1 percent of global PC shipments during the quarter, compared to its 5.9 percent share during the same time last year. The figures do not include Gateway, which&#160;Acer bought&#160;for $710 million last week.Dell&#39;s unit shipments grew 3.5 percent during the quarter, but it still lost market share compared to last year, finishing in second place at 14.4 percent compared to 15.9 percent.Hewlett-Packard kept its title of the world&#39;s biggest PC vendor by shipments during the quarter with an 18.8 percent share, compared to a 16.1 percent share a year earlier. Lenovo, the fourth place vendor, took an 8 percent share, compared to 7.5 percent last year. Market researcher IDC puts&#160;Lenovo ahead of Acer&#160;according to its third-quarter PC shipment figures.&quot;We believe we can maintain strong growth momentum through 2008,&quot; said Wang.Acer forecasts it will still grow by a double-digit figure next year, and faster than the global PC industry. Executives also said the fourth quarter of this year looks to be a good quarter, with no indication of a decrease in demand for PCs.&quot;We have not seen any slowdown. Demand is still quite good,&quot; said Gianfranco Lanci, president of Acer. He forecast unit shipments to grow 10 percent to 20 percent over the third quarter. The company did not say how many PCs it sold in the third quarter, but Gartner puts the figure at nearly 5.55 million units.In the fourth quarter, Acer will also start adding Gateway shipments to its figures, which will add to its market share.Gateway sold only 865,000 PCs in its biggest market, the U.S., during the third quarter, down from 1.01 million the same time last year, according to Gartner. Lanci believes a stronger laptop PC lineup will boost Gateway&#39;s market share figures in the U.S. going forward because the mobile PC is the hottest segment in the industry. New Gateway laptops could be out as early as the first quarter of next year.And Dell isn&#39;t sitting still. Efforts to turn around its business finally paid off this quarter when its worldwide unit shipments rose for the first time in four quarters. It&#39;s a huge company with a lot of resources and could still turn itself around. Acer&#39;s executives said size was becoming ever more important in the global battle for PC market share because bigger companies can force suppliers to cut their prices. That means Dell, as the second biggest PC maker, is still in a strong position.REFERENCES:Wall Street Beat: Acer masters the Art of War, Aug. 31, 2007Acer completes Gateway acquisition, Oct. 17, 2007Acer to acquire Gateway for $710 million, Aug. 27, 2007Gateway brand to expand after Acer purchase, Aug. 27, 2007
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Computer Associates International Inc.  CA.N on Tuesday named former IBM software sales head John  Swainson as president and chief executive, seven months after  Sanjay Kumar stepped down amid an accounting scandal.
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Computer Associates is set to name a recently departed IBMÂ  executive as its new chief executive officer, The Wall Street Journal reported online on Monday.
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Incoming Computer Associates InternationalÂ  (CA) Chief Executive Officer John Swainson made his first executive changes at the company last week by shuffling two of its top executives. Swainson placed company veteran Russell Artzt in charge of CA's product portfolio and moved CA's previous top products executive, Mark Barrenechea, to the newly created position of executive vice president of technology strategy and chief technology architect.