ACER appoints new president, sees Q2 shipments down 10%

Taiwan's Acer Inc named insider Jim Wong as its new corporate president after the abrupt departure of its previous chief executive last month, and forecast a 10% fall in shipments this quarter, citing its recent reorganisation and a seasonal slowdown.

The world's No2 PC vendor also said its operating margin in the second quarter would be about the same as the first quarter.

Chairman JT Wang will remain as chief executive, running the company jointly with Wong. Wong was previously Acer's corporate senior vice-president and president of the IT products group.