Acer expects big Q4 despite Gateway charge

Acer predicts a strong fourth quarter, despite a £15 million restructuring charge following its acquisition of Gateway.

Acer, the world's fourth largest computer vendor, has said it expects a rise in revenue of 10 to 20 per cent for the fourth quarter, despite a $30 million (15 million) restructuring charge stemming from the company's acquisition of Gateway.

Acer chairman J.T. Wang told the Wall Street Journal that he expected operating profit exceeding the $86.5 million the firm posted last quarter.

The firm's president, Gianfranco Lanci, told the publication that Acer expects to ship 10 to 10 per cent more PCs in the fourth quarter than it did in the last one.

Acer closed the $710 million deal for Gateway earlier this month and is waiting for regulatory approval for its acquisition of Dutch firm Packard Bell BV. The restructuring charge, booked October through December, will allow Acer to update its business strategy and overall plans to include new Gateway operations.

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