Acer to embrace cloud technology to combat losses

December 25, 2013 Leave a comment

Acer to embrace cloud technology to combat losses

CNA

2013-12-19

E626TL01H_2013資料照片F_copy1Acer chairman and CEO Stan Shih. (File Photo/Liu Tsung-lung)

Taiwanese computer maker Acer said on Wednesday that it will transform into a “hardware plus software and services company” as it prepares to embrace new opportunities in the era of cloud technology.The company said it will combine its strength and size in PC manufacturing with its cloud technology, allowing users to build their own cloud services for purposes such as music and photos on all Acer PCs and mobile devices.

“‘Build your own cloud’ represents Acer’s vision of winning in the era of cloud services,” Acer chairman and CEO Stan Shih said in an emailed statement.

He said Acer’s cloud technology will focus on innovative applications for a higher quality of life, with all stakeholders sharing the benefits. “Acer will strive to strengthen core competencies to create value and to construct a mechanism to balance all interests,” Shih said.

The decision on Acer’s new approach was reached after two days of meetings with 40 global executives, taking into consideration the feasibility of the plan and Acer’s capability to execute it, the company said.

Shih returned to Acer’s helm after Jim Wong, president of the company since 2011, and CEO JT Wang tendered their resignations on Nov. 21 to take responsibility for the company’s run of losses and floundering market share.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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