Acer to acquire Gateway?
updated 11:50 am EDT, Wed March 14, 2007
Acer to acquire Gateway?
With Acer on the rise, according to the Wall Street Journal, it is also hunting for acquisitions to solidify its position, which may soon make it number three in global PC shipments behind Dell and Hewlett-Packard. CEO J.T. Wang has refused to say exactly who the company has in mind -- other than a PC manufacturer -- but Taiwanese site DigiTimes claims it is none other than Gateway, which would indeed bring Acer closer to Dell's level, since it is worth $288 million and is the third-largest PC supplier in the US. Unidentified "industry sources" are cited as evidence. The same acquisition was rumored last year however, and was vehemently denied by Wang, who rightfully argued that Acer would grow without any mergers in 2006. The company intends to become number three by the end of 2007 regardless.
