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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Norwegian marathon great Waitz dies at 57 10:35am EDT Goldman profit drops as trading revenue falls 11:42am EDT RIM launches PlayBook, fans don't play along 11:29am EDT Apple sues Samsung, says stop copying us 7:30am EDT With much at stake, Asia voices confidence in U.S. debt 11:32am EDT Discussed 92 Palin returns with feisty, anti-establishment speech 83 Obama to lay out deficit plan with focus on tax, spending 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 VW unveils new sporty Beetle Mon, Apr 18 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 SMALL BUSINESS Patent battle hits Supreme Court A small Canadian firm's record $290-million patent victory over software giant Microsoft rests in the hands of the Supreme Court. Down to its final appeal, Microsoft argued a lower standard should be used, which could make some patents more vulnerable to legal challenge. Full Article | Video Microsoft-i4i fight has big patent implications A decade later i4i's battle with Microsoft nears finale Acer appoints new president, cuts PC shipments forecast Tweet Share this TAIPEI (Reuters) - Taiwan's Acer Inc named insider Jim Wong as its new corporate president after the abrupt departure of its previous chief executive last month, giving him special responsibility for developing mobile devices to power future... Email Print Related News Sony Ericsson battles for parts after Japan quake 10:46am EDT Citi profit sags as revenue shrinks, expenses grow Mon, Apr 18 2011 UPDATE 9-BofA profit drops as foreclosure delays hurt bank Fri, Apr 15 2011 Instant View: China Q1 GDP up 9.7 pct, March inflation 5.4 pct Fri, Apr 15 2011 China growth sizzles, inflation bubbles Fri, Apr 15 2011 Analysis & Opinion Tech wrap: Apple sues Samsung over “slavish” copies Long Asia on the inflation blame game Related Topics Technology » Media » iPad » Stocks TAIPEI | Tue Apr 19, 2011 6:07am EDT TAIPEI (Reuters) - Taiwan's Acer Inc named insider Jim Wong as its new corporate president after the abrupt departure of its previous chief executive last month, giving him special responsibility for developing mobile devices to power future growth. Acer, the world's No.2 PC vendor, has been a dominant force in the PC business, particularly in the low-cost notebook segment, but has failed to counter the runaway success of the tablets such as Apple's hot-selling iPad, which have eroded its profits. Former Chief Executive Gianfranco Lanci left the company on March 31 due to differences over the strategy needed to deal with the tablet challenge, one that Wong will take on through a new business unit aimed at making inroads into the mobile sector. "The appointment of Jim Wong is positive for the stability of management as he has been a senior executive in Acer and headed the mobile products business," said Vincent Chen, an analyst at Yuanta Securities in Taipei. The company will develop data-consumption products, tablet PCs and smartphones, the statement said. "Touch/mobile devices open up a host of new opportunities. They form Acer's new business and growth engine for the future," Wong said in a statement on Tuesday. In a sign of the size of the challenge, Acer cut its forecast for shipments this quarter to a 10 percent fall over January-March. Last month it had forecast shipments would be about the same as the previous quarter. It cited its recent reorganization, inventory adjustment and a seasonal slowdown in the PC industry as reasons rather than the growth of tablets and added that its operating margin in the second quarter would be about the same as the first quarter. "The shipment forecast is specific to Acer, not industry-wide," said Yuanta's Chen. It must be because its inventory is still very high and Acer may be forced to take some measures such as cutting prices. Its stock price is still under pressure." Acer launched its new tablet PC, the Iconia Tab, in February and the company said last month that new tablet models scheduled to launch in the second quarter may improve sales. Earlier this year, it said it aimed to sell 6 million tablets in 2011. Last month, shares of Acer plunged almost 18 percent in four sessions after it said first-quarter sales would be worse than expected and second quarter sales would be flat, triggering a wave of analyst downgrades. Lanci's departure came a week after the sales forecast. Chairman J.T. 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. Born in 1958, Wong joined Acer in 1986 and holds an MBA from Emory University in the United States. "Acer needs a leader who is familiar with technology, as well as understanding the market. We reviewed Jim's potential and agreed he would fit well in the role," Wang said in the statement. (Reporting by Jonathan Standing and Argin Chang; Editing by Jacqueline Wong) Technology Media iPad Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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