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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Tattoo artist says Casey Anthony seemed normal, happy 12:42am EDT Divided Wisconsin Supreme Court upholds anti-union law 14 Jun 2011 Pakistan arrests CIA's bin Laden informants-report 12:49am EDT Sleep position may affect stillbirth risk 14 Jun 2011 TV time tied to diabetes, death 14 Jun 2011 Discussed 127 Alabama governor signs nation’s toughest immigration law 111 Obama weighs new steps to boost jobs 71 Obama holds off challengers despite economy Watched Airbus' view of flying in the future Mon, Jun 13 2011 Obama resigns from church Mon, Jun 2 2008 Bernanke's debt crisis warning 3:25am EDT small business brad feld: Your idea is not special Every day, venture capitalist Brad Feld receives pitches from entrepreneurs who think their idea is unique. "And they are wrong," he says, noting that Google was not the first search engine and Facebook was not the first social network. What matters most, he says, is "the entrepreneurs’ execution of the ideas." Full Article Top 50 small business workplaces Notes on raising seed financing Acer cuts 2011 tablet shipment target by nearly 60 percent Tweet Share this Email Print Related News Trina Solar sees rebound in gross margins Tue, Jun 14 2011 UPDATE 5-Lululemon profit and forecast robust, shares rise Fri, Jun 10 2011 Gartner cuts 2011 PC forecast, as tablets surge Wed, Jun 8 2011 Lenovo buys German computer seller Medion Fri, Jun 3 2011 Microsoft shows off Windows 8 operating system Thu, Jun 2 2011 Analysis & Opinion Glencore’s Q1 feeds the bears The jobs crisis Related Topics Technology » Acer's Chairman J.T. Wang poses with the new 10-inch Acer tablet PC after an interview with Reuters in Taipei December 14, 2010. Credit: Reuters/Pichi Chuang By Clare Jim TAIPEI | Wed Jun 15, 2011 1:02am EDT TAIPEI (Reuters) - Acer Inc slashed its full-year shipment target for tablets by almost 60 percent and expects lower notebook shipments as the world No.2 PC maker works to clear accumulated inventory. However, Acer, which has missed its last three quarterly forecasts and saw the departure of former chief executive Gianfranco Lanci in March following a clash over how to deal with the tablet challenge, said it expected overall shipments to improve from the third quarter. "The third quarter will be considerably more stable. It will be similar to the second quarter or better," Chairman J.T. Wang told a shareholder meeting on Wednesday. "The fourth quarter will be even better." Wang told reporters after the meeting that the new target for tablet shipments this year was 2.5-3 million units, much lower than the 5-7 million units target set at the beginning of the year. Acer said it expected to sell 800,000 tablets in each of the second and third quarters. In terms of total shipments, Wang said he expected second-quarter to fall less than 10 percent from the previous quarter, exceeding forecasts. In April, the PC maker cut its forecast for shipments in the second quarter to a 10 percent decline from January-March, citing its recent reorganization, inventory adjustment and a seasonal slowdown in the PC industry. Last month, the company posted a 29.2 percent drop in total sales. Shares of Acer has plunged 30 percent since March 25, when the company first cut its first-quarter PC revenue outlook and followed by the sudden management changes. Acer shares had slipped 0.4 percent by 12 a.m. on Wednesday, outperforming a 0.95 percent decline by the broader market. Acer said early this month that it would take a $150 million charge to write off inventory and doubtful payments in Europe and would cut 300 jobs there. (Editing by Chris Lewis) Technology Related Quotes and News Company Price Related News Tweet this Link this Share 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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