{"id":48988,"date":"2013-11-06T08:48:14","date_gmt":"2013-11-06T06:48:14","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48988"},"modified":"2013-11-06T08:50:29","modified_gmt":"2013-11-06T06:50:29","slug":"acer-shares-fall-on-restructuring-plan","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/48988\/acer-shares-fall-on-restructuring-plan\/","title":{"rendered":"Acer shares fall on restructuring plan"},"content":{"rendered":"<p>Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce after a worse-than-expected quarterly loss.<\/p>\n<p>Acer shares opened down 6.9 percent, the maximum allowed in a session, at T$16.9, in a broader market that was up 0.2 percent.<\/p>\n<p>Citi cut Acer&#8217;s target price to T$13 after the announcement, saying the restructuring efforts could not change the PC company&#8217;s outlook structurally, but reducing operating expenses through headcount reduction could buy time for management to reposition its business model.<\/p>\n<h3 class=\"my-4\">More news on Acer and the PC market<\/h3>\n<p><a title=\"Acer expects flat PC shipments\" href=\"http:\/\/businesstech.co.za\/news\/hardware\/40206\/acer-expects-flat-pc-shipments\/\"><strong>Acer expects flat PC shipments<\/strong><\/a><\/p>\n<p><strong><a title=\"PC sales in sharp decline\" href=\"http:\/\/businesstech.co.za\/news\/hardware\/35494\/pc-sales-in-sharp-decline\/\">PC sales in sharp decline<\/a><\/strong><\/p>\n<p><a title=\"EMEA PC shipments plummet\" href=\"http:\/\/businesstech.co.za\/news\/general\/42391\/emea-pc-shipments-plummet\/\"><strong>EMEA PC shipments plummet<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce <\/p>\n","protected":false},"author":7,"featured_media":5674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[1387,25,173],"class_list":["post-48988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-acer","tag-active","tag-shares"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=48988"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48988\/revisions"}],"predecessor-version":[{"id":48992,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48988\/revisions\/48992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5674"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}