Taiwan's Acer Gobbles Up Gateway

Monday, August 27, 2007

Acer Inc. plans to acquire U.S. computer maker Gateway Inc. for $710 million in a deal that will push the Taiwanese company past China's Lenovo Group as the world's third largest vendor of personal computers.

Posted by rcade at 02:58 PM | 17 COMMENTS | permalink | Comment on This Entry |

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Oh no, there goes Tokyo...

Tokyo is in Taiwan isn't it?
Sincerely,
Americans

Posted by 101Chairborne at 2007-08-27 03:02 PM | Reply | Flag:

I use fuckin' Tai's for a pool cue!

Posted by FRANKC0TT0N at 2007-08-27 03:18 PM | Reply | Flag:

Nothing like watching two sellers of shitty equipment joining forces! Will this make them twice as shitty?

Posted by ASSHAT at 2007-08-27 03:27 PM | Reply | Flag:

So does this mean the Taiwanese will soon be eating Gateway's shipping boxes as beef?

Posted by northguy3 at 2007-08-27 03:42 PM | Reply | Flag:

Nothing like watching two sellers of shitty equipment joining forces! Will this make them twice as shitty?

Posted by ASSHAT at 2007-08-27 03:27 PM

---

No shit.

I type this message from a Gateway 460whatever laptop (work issued). It's made in 2006 and has a 4200rpm HD!!!!

I didn't even know Gateway was still in business until I worked here.

Posted by GIMPSTER at 2007-08-27 03:57 PM | Reply | Flag:

Those brick storefronts for Gateway were a great idea, huh?

Acer has made better laptops and displays than they have PC's, so maybe this will be a good buy for them.

Posted by Corky at 2007-08-27 04:04 PM | Reply | Flag:

I fell in love with Lisa's HP Laptop when I went to visit Her. Boy that Laptop is da bomb baby.

Larry

Posted by LarryMohr at 2007-08-27 04:08 PM | Reply | Flag:

The laptop is the best part of a whore, right Larry? You betcha!

Posted by FRANKC0TT0N at 2007-08-27 04:13 PM | Reply | Flag:

August 27, 2007 12:23 PM ET Airline Shares Fall Along With Market

NEW YORK (AP) - Airlines stocks fell on Monday morning amid a decline in the broad market as Wall Street digested a disappointing report about existing home sales.

The Amex Airline Index fell 0.45 of a point to 46.41 in midday trading. Light, sweet crude for October deliver fell 71 cents to $70.38 per barrel on the New York Stock Exchange. Fuel is one of the airline industry's biggest costs.

The Dow Jones industrials fell 55.19 points to 13,326.12 and the S&P 500 index fell 10.58 points to 1,468.79 after National Association of Realtors said sales of existing homes slipped by 0.2 percent in July as inventories rose 5.1 percent.

The recent housing slump, combined with severe turmoil in financial markets, has raised worries about a possible recession.

Among the biggest drops in airline shares were Delta Air Lines Inc., which fell 49 cents, or 2.7 percent, to $17.74; Northwest Airlines, which fell 67 cents, or 3.6 percent to $18.20; and US Airways Group Inc., which fell 83 cents, or 2.7 percent, to $29.89.

Shares of UAL Corp., which said on Friday that it is exploring options to sell a stake in its San Francisco-based maintenance division, fell $1.22, or 2.7 percent, to $44.30. The company, which came out of bankruptcy last year, has been seeking ways to cut costs and increase profitability, including possible division sales or partnerships.

Bear Stearns analyst Frank Boroch suggested in a note on Aug. 14 that UAL consider selling its frequent-flyer program, which he valued at more than $1 billion.

Frontier Airlines Holdings Inc. was a bright spot within the sector, posting a gain of 16 cents, or 2.8 percent, to $5.92. The company's shares have fallen about 20 percent since the beginning of this year.

Posted by JeffnDenmark at 2007-08-27 04:19 PM | Reply | Flag:

I remember when Frank use to be funny.

Posted by Corky at 2007-08-27 04:25 PM | Reply | Flag:

I remember when Frank used to be Frank.

Posted by Whatsleft at 2007-08-27 06:52 PM | Reply | Flag:

Real Frank's shenanigans are cheeky and fun!
Fake Frank's shenanigans are cruel and tragic.

Posted by lee_the_agent at 2007-08-27 07:13 PM | Reply | Flag:

Frank was frankly frank.
Now Frank is frankly unfrank.
Frankly Frank being frank was sometimes unfrank.

Posted by coyote at 2007-08-27 09:47 PM | Reply | Flag:

US recession risk highest since 9/11: ex-Treasury secretary
Posted: 27 August 2007 0109 hrs

Then US Secretary of the Treasury Larry Summers in 1999

WASHINGTON: Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States.

Despite interventions by the US Federal Reserve last week which appeared to reverse heavy selling pressure over the collapsing US housing debt market, Summers said the risk of recession was its highest since the immediate aftermath of the September 11, 2001 attacks.

"We certainly saw some repair and some return to normality this week, but I think it would be far premature to judge this crisis over for at least two reasons," Summers told ABC television.

"First, we can't yet know that there aren't more shoes to drop in the financial area," he said, referring to the massive loss of confidence in securitised housing loans as US real estate prices sag.

"Second, we haven't yet had the time to observe what all this is going to mean for the real economy and for the actual process of job creation in our economy.

"I do not think we yet have ... a basis of making a prediction that there will be a recession, but I would say that the risks of recession are now greater than they've been any time since the period in the aftermath of 9/11."

Summers, who headed the US Treasury from 1999 to 2001 and then was president of Harvard University until a year ago, criticised the administration for not using government-backed mortgage lenders to help homeowners facing default on their loans.

He said policy should not be targeted at protecting investors or corporate lenders in the risky "sub-prime" sector, which targets borrowers with patchy credit records.

"You know, the substantial majority of the firms that were in the sub-prime mortgage business have already gone out of business. Many of the firms that remain have seen their stock prices fall by half or more," said Summers, now with the New York investment bank DE Shaw & Co.

"But the focus shouldn't be on those firms. The focus should be on the homeowner. The focus should be on the guy who bought a mortgage," he said. - AFP/ac

www.channelnewsasia.com

Posted by JeffnDenmark at 2007-08-28 08:10 AM | Reply | Flag:

Not that I haven't been saying the same thing for 2 months jeff but thanks for the link.

If we are going to spend billions of tax dollars bailing out the lenders why not spend the money bailing out the homeowners before the lenders need a bail out? That way the tax dollars go to people not corporations.

Posted by TaoWarrior at 2007-08-28 08:14 AM | Reply | Flag:

The Coming Flight to Gold
posted on: August 28, 2007 | about stocks: GLD / IAU / DGL
Panic has seized the minds of many as the shaking of a credit implosion rumbles through the marketplaces of today's moneychangers. The ground is giving way beneath them threatening to suck them into a financial hell of derivative defaults and dishonored debts. The penalty is eternal death for hedge funds doomed never to rise again whilst for others they escape those searing flames by the skin of their solvent teeth.

For those scrambling away from this mighty cave-in of debt, to whom do they run to for refuge? The answer paradoxically is to a place which itself seems on shaky foundations that modern Tower of Babel known as the US Federal Debt. It is an edifice to behold as it rises to the skies and vanishes into the clouds of profligacy and unaccountability. It is now nearly nine trillion dollars high and still rising.

No one can scale it and certainly no one will pay it off even if they were mad enough to try. Like the old Tower of Babel, it will one day succumb to the confusion of tongues of many a foreign creditor abandoning it and that will be the end of that. It will become the habitation of jackals and vultures.

But in the meantime, the hymn of the fund manager is this:

"The US Treasury Market is a strong tower, the moneychangers run into it and they are safe."

How safe I ask you? The tower in question is short-term government debt issued and traded worldwide. These mature over three months and that is how long nervous investors hope this carnage will last. What if they are wrong and the edge of financial perdition continues to implode towards them?

The markets have taken a few blows these weeks past but not strong enough for some to believe that government debt will totter and fall. We shall see but the economic and financial assaults of the past suggest that it is the Golden Tower than men will resort to when all else fails. In that light let us consider gold.

First we ask what drives the price of gold. Let us look at the facts and statistics of gold demand. Below is a table from the World Gold Council on gold supply and demand up to the end of 2006.

static.seekingalpha.com

Posted by JeffnDenmark at 2007-08-28 08:30 AM | Reply | Flag:

I just bought a new ACER flat screen for my computer.

Posted by JeffnDenmark at 2007-08-28 03:44 PM | Reply | Flag: