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Acer shares spike after shipments outpace HP, Dell

Acer Inc, the local computer maker that acquired Gateway Inc, climbed the most in two months in Taipei trading after a researcher said the company's third-quarter shipment growth outpaced Hewlett-Packard Co and Dell Inc.

Acer, Asia's second-biggest personal-computer maker, rose 6.5 percent to NT$67 at the end of trading in Taipei, the biggest gain since Aug. 20.

The stock is unchanged this year, lagging behind the 23 percent advance in the benchmark TAIEX.

Worldwide shipments of Taipei-based Acer rose 59 percent in the third quarter, the highest growth among the world's five largest PC makers, researcher IDC said on Wednesday. Acer said on Aug. 27 it would buy Gateway for US$710 million, prompting the shares to fall by the daily limit the next two days on concerns that it was overpaying for the purchase.

"After the Gateway acquisition, investors were cautious on Acer," said Claire Chang, who helps manage NT$4.5 billion (US$138 million) at Paradigm Asset Management Co (華頓投信).

Investors now realize Acer "has to spend this money to keep growing," said Chang, whose holdings don't include Acer shares.

Acer's market share climbed to 8.1 percent in the three months ended Sept. 30, from 5.9 percent a year earlier, IDC said.

Hewlett-Packard is the world's largest PC maker with a 19.6 percent share, followed by Dell and Lenovo Group Ltd (聯想), which also leads in Asia, the research company said.

Acer said on Tuesday it completed the acquisition of Gateway, a move aimed at boosting its market share. Gateway is the fifth-largest US computer supplier.
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