Acer CEO Chen: There is no merger planned with Asus
Acer's stock price has dropped by 50% since April. For the first six months of this year, the company reported a net profit of $5.4 million USD versus a profit of $15 million USD reported during the same period a year earlier. For July, revenue declined 33% year-over-year.
While Shih did say that he would welcome a takeover of his company, his comments were an empty gesture. He added that anyone buying Acer would end up paying a lot of money for an empty shell since current management would quit, meaning that the acquiring company would have paid a lot of money for something of no value.