Acer Inc. Announces 2006 Financial Results.Global IT Company Profits Increase 20% TAIPEI, Taiwan & SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Acer Acer trees of the family Aceraceae. Acer rubrum ingestion of wilted or dries leaves of this tree causes acute hemolytic anemia characterized by red urine, jaundice, anemia and methemoglobinemia in horses. Inc.'s Board of Directors has approved of the year 2006 financial results: consolidated revenue was US$11.32B (NT$369.09B), representing 16% year-on-year growth; profit after tax (PAT) was US$313.47M (NT$10.22B), rising 20.5% from the previous year; earning per share Noun 1. earning per share - the portion of a company's profit allocated to each outstanding share of common stock net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) was NT$4.45; and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was US$239.66M (NT$7.81B), marking a slight year-on-year growth. In addition, the Board of Directors has permitted the sale of Sertek Inc., Acer's fully-owned electronic component distributor to Yosun Group, who specializes in sales and service of semi-conductor electronic components. Yosun shall acquire Sertek through exchange of shares and cash, and become its 100% shareholder. Acer shall become a member of Yosun's board. Acer expects these two companies will greatly complement one another. Yosun is one of Taiwan's leading electronic component distributors; the acquirement of Sertek will expand Yosun's business scale - an important factor to sustaining in this competitive market. A shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. will be held in Taipei on June 14, 2007. Note: The exchange rate was US$1: NT$32.596. About Acer America Corporation Established in 1984 as a subsidiary of Acer Inc., Acer America Corporation designs and markets client and server solutions for professionals who require reliability, enhanced productivity and greater value of ownership. Acer ranks as the world's No. 4 branded PC vendor, designing easy, dependable IT solutions that empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems people to reach their goals and enhance their lives. Since spinning-off its manufacturing operation, Acer has focused on globally marketing its brand-name products: mobile and desktop PCs, servers, LCD monitors A flat panel display that uses liquid crystals. Although laptops have used LCDs as their flat panel technology almost exclusively, LCD is also the most popular for flat panel desktop monitors. Toward the end of 2003, sales of LCD displays for desktops overtook CRTs for the first time. and e-business solutions for business, government, education, and home users. Acer's unique Channel Business Model is instrumental in the company's continued success. The model encourages partners and suppliers to collaborate in a winning formula of supply-chain management, allowing Acer to provide customers with fresh technologies, competitive pricing, and quality service. Established in 1976, Acer Inc. employs 5,300 people supporting dealers and distributors in more than 100 countries. Estimated revenue for 2006 is US$11.31 billion. Please visit www.acer.com/us. [c] 2006 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. |
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