Aaron Lee, Taipei; Steve Shen

 

Acer has continued to work on adjusting its inventory recently and delayed some shipments for the third quarter, according to sources at upstream component suppliers. Brand notebook vendors, who followed Acer's move to lower their product prices recently, have also mounted pressure on component suppliers for price cuts, according to industry sources.

In view of continued inventory adjustment at Acer and a slack business outlook for the notebook industry in the second half, foreign institutional investors have continued to release their share holdings in Acer recently, pushing the company's stock price to drift downward even after the stock had ex-rights and ex-dividends.

As of July 7, foreign investors held a combined 38.15% share in Acer, according to market data.

Acer expects its notebook shipments to stay flat in the third quarter after suffering a 10% sequential decline in the second.