Acer: The Losses Will Continue, But Things Are Getting Better

Acer announced that they'd be posting another loss, following last quarter's $250m one, and warned they were unlikely to get back into the black by the end of the year. The good news? They only lost around $36m. Things are coming up roses! In truth, it really is a big improvement, and the losses are smaller than expected. Acer announced earlier this year that not only were they going to take a hit while doing inventory reduction (units they'd have to sell for less than expected), but that essentially their entire business model needed revision.

Source: http://techcrunch.com/2011/10/21/acer-the-losses-will-continue-but-things-are-getting-better/

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