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StumbleuponMILAN - Acer, the world's No. 3 PC brand, should see revenues this year on a par with 2008, its chief executive officer Gianfranco Lanci told Italian newspaper La Stampa in an interview published on Tuesday.
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"With revenues equal to those of 2008," Lanci said in answer to a question on how he thought the company would close the year. Acer had 2008 revenues of 546 billion Taiwan dollars
($16.92 billion), according to its website.
Acer said on Oct. 12 that it expected third-quarter revenue to be up about 5 percent due to a rebound in tech demand as the global rebound shows more signs of recovery. [nTP260919]
Lanci said there would be more consolidation in the sector.
"If you want profits, you have to consolidate. The acquisition process is not over," he said.
($1=32.26 Taiwan Dollar)
(reporting by Jo Winterbottom; Editing by Hans Peters)
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