Acer on Tuesday posted a deeper than anticipated loss in the spring equal to $234.3 million and lowered its expectations for the year. The quarter was spun as a "correction period" as it had to clear out unsold stock and was paying severance deals for executives that had left in the company's mobile-focused shakeup, including former CEO Gianfranco Lanci. Chairman JT Wang added that, in spite of past promises, it would be "impossible" for the company to avoid a loss for the year as a whole....
Source: http://feeds.macnn.com/click.phdo?i=26a776a0d7a8874ee3421ba55b1501ec
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