Acer pays $67.5 million to license founder PC patent rights
Reported by: Eric CRWE Newswire Middle East correspondent
Taiwan’s Acer Inc recently created an alliance with China’s Founder Technology to use the Founder’s PC related trademarks for seven years. As per the terms of the agreement Acer will pay $67.5 million for the license of China’s Founder Technology.
Per the agreement Acer will have access to Founder’s wide network which will allow Acer to enhance its marketing efforts while China’s Founder Technology will provide support for its PC manufacturing unit and manage Acer’s after sales service.
Acer currently is ranked as the third largest PC manufacturer in the world and with its latest alliance it has plans to become the 2nd largest PC brand in Asia. Acer also anticipates revenue of $2.5 billion in China as a result of its new collaboration with the Chinese Founder Technology.
According to Acer its subsidiaries generated almost 51 million Yuan for license rights of the Founder technology and paid another 69 million Yuan for customer and distribution resources. Acer and Founder will launch new products in October which are already highly anticipated.
Acer Incorporated deals in research, development, design and manufacturing of personal computers and laptops. The company’s major brands include Acer, Gateway, Packard Bell and eMachines. Its product portfolio includes desktop PCs, notebooks, servers, storage products, monitors, high definition televisions, projectors, liquid crystal display monitors and handheld devices.
********************************************************************
The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.















.png)
.png)

.png)





