A wry smile may have passed over Léo Apotheker’s face when he saw the weak second-quarter results of Taiwan’s Acerlast Wednesday. The fourth-largest personal computer maker by shipments projected a loss for the year.
Only a couple of weeks ago, Mr Apotheker announced that Hewlett-Packard, the company he runs, would be getting out of the PC business, in which it is the world leader. Exit has to be easier than competing with companies such as Acer and China’s Lenovo, the
third-largest player, which are built to get by on operating margins of 1-2 per cent (in good times).
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