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Acer Inc. (ASIYF)

- Grey Market
  • Aug. 20, 2012, 4:33 PM
    Acer (ASIYF.PK) fell 2.6% in Taipei after reporting Q2 revenue of NT$111B ($3.7B) and net income of NT$56M ($1.9M), below consensus forecasts. The world's #4 PC maker said demand from China, thus far a bastion of strength, is now softening, and that it now expects global 2012 shipment growth of just 0-5%. Nonetheless, beaten-down rivals Dell (DELL +2.8%) and  H-P (HPQ +2.9%) rallied ahead of their earnings reports, respectively due tomorrow and Wednesday.
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