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Old Jul 25, 2003, 11:24 PM   #1
Dom
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Acer to sell off Benq shares

A THROWAWAY line in a story about Acer attempting its old brand tactic contains some intriguing information about the shares it holds in Benq.

According to the Taiwan Economic News, Stan Shih, the founder and never-say-die leading light of Acer, said his firm will sell off all the shares it holds in Benq within three years.

Benq, pronounced "benk" but prounounced "ben kew" in the USA because of the similarity of its pronunciation to bank, is one of the great Taiwanese success stories of the last three years.

The story goes that Acer is to set up a fund that will control five per cent of shares in Wistron, Benq and Acer, with this money being used for the research and development.

Shih, who we first met in Old Taipei 14 years ago, has always had dreams of establishing Acer as one of the top five PC brands in the world.

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