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Acer

#2960

Rank

$4.24B

Marketcap

TW Taiwan

Country

Acer
Leadership team

Mr. Christopher Schelling (Founder, Pres, CEO & Director)

Mr. Jefferson E. Davis (Chief Bus. Officer)

Mr. Harry S. Palmin (Chief Financial Officer)

Products/ Services
Computer, Consumer Electronics, Hardware, Information and Communications Technology
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1976
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
2353.TW
Social Media
Overview
Location
Summary
Acer Therapeutics Inc., a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. Its pipeline includes four clinical-stage candidates comprising EDSIVO for the treatment of vascular Ehlers-Danlos Syndrome in patients with a confirmed type III collagen mutation; ACER-001, a formulation of sodium phenylbutyrate for the treatment of various inborn errors of metabolism, including urea cycle disorders and maple syrup urine disease; ACER-801 (osanetant) for the treatment of induced Vasomotor Symptoms; and ACER-2820 (emetine), a host-directed therapy against a variety of infectious diseases, including COVID-19. The company has a research collaboration agreement with the National Center for Advancing Translational Sciences (NCATS) to develop emetine hydrochloride as a potential treatment for patients with COVID-19; and a license agreement with Sanofi to acquire worldwide rights to osanetant, a clinical-stage, selective, and non-peptide tachykinin NK3 receptor antagonist. Acer Therapeutics Inc. was incorporated in 1991 and is headquartered in Newton, Massachusetts.

History

Acer was founded in 1976 by Stan Shih , his wife Carolyn Yeh, and five others as Multitech in Hsinchu City, Taiwan. The company began with eleven employees and US$25,000 in capital. Initially, it was primarily a distributor of electronic parts and a consultant in the use of microprocessor technologies. It produced the Micro-Professor MPF-I training kit, then two Apple II clones–the Microprofessor II and III–before joining the emerging IBM PC compatible market and becoming a significant PC manufacturer. The company was renamed Acer in 1987.

In 1998, Acer reorganized into five groups: Acer International Service Group, Acer Sertek Service Group, Acer Semiconductor Group, Acer Information Products Group, and Acer Peripherals Group. To dispel complaints from clients that Acer competed with its own products and to alleviate the competitive nature of the branded sales versus contract manufacturing businesses, the company spun off the contract business in 2000, renaming it Wistron Corporation. The restructuring resulted in two primary units: brand name sales and contract manufacturing. In 2001, the company sold its manufacturing units BenQ and Wistron in order to focus resources on design and sales.

Acer increased worldwide sales while simultaneously reducing its labor force by identifying and using marketing strategies that best utilized their existing distribution channels. By 2005, Acer employed a scant 7,800 people worldwide. Revenues rose from US$4.9 billion in 2003 to US$11.31 billion in 2006.Acer's North American market share has slipped in the early 2000s, while its European market share has risen.In the mid-2000s, consumer notebooks were almost the sole growth drivers for the PC industry, and Acer's exceptionally low overheads and dedication to the channel made it one of the main beneficiaries of this trend. Acer grew quickly in Europe in part by embracing the use of more traditional distribution channels targeting retail consumers when some rivals were pursuing online sales and business customers. In 2007, Acer bought Gateway in the United States and Packard Bell in Europe, and became the third-largest provider of computers and the second largest for notebooks, achieving significant improvement in profitability. Acer has strived to become the world's largest PC vendor in the belief that the goal can help it achieve economy of scale and garner higher margin. However, such a reliance on the high-volume, low-value PC market made Acer exposed when buying habits changed.

In September 2018, Acer spun-off its smart gadget unit GadgeTek Inc., which produces Leap Beads, smart prayer beads that track mantras and footsteps.In 2019, Acer announced the esports social platform PLANET9.gg, which aims to provide game analytics, community-organized competitions, and social experiences.


Mission
To break barriers between people and technology.

Vision
The ACER Centre for Global Education Monitoring (GEM) supports the monitoring of educational outcomes worldwide, holding the view that the systematic and strategic collection, analysis and interpretation of data on education outcomes, and factors related to those outcomes, is required to inform the development of high quality policy aimed at improving educational progress for all learners.

Key Team

Ms. Tanya Hayden (Chief Operating Officer)

Mr. John Michael Klopp (Chief Technical Officer)

Mr. Bernie Paul (Chief People Officer)

Mr. Matthew T. Seibt (Chief Commercial Officer)

Mr. Donald R. Joseph J.D. (Chief Legal Officer & Sec.)

Dr. Adrian Quartel FFPM, M.D. (Chief Medical Officer)

Mr. Jason Kneeland CPA (VP of Fin. & Controller)


Recognition and Awards
Acer has been awarded several awards from various organizations and publications. Some of the more notable awards include the 2012 Consumer Electronics Show Innovation Award, the 2012 Taiwan Excellence Award, the 2011 Golden Shop Award and the 2012 To Go Magazine Preferred Brand Award.

References
Acer
Leadership team

Mr. Christopher Schelling (Founder, Pres, CEO & Director)

Mr. Jefferson E. Davis (Chief Bus. Officer)

Mr. Harry S. Palmin (Chief Financial Officer)

Products/ Services
Computer, Consumer Electronics, Hardware, Information and Communications Technology
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1976
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
2353.TW
Social Media