The departure of the founders of PKLot Inc (鷹諾實業), a parking and navigation start-up that Acer invested in late 2016, is not expected to affect its integration with smart transportation solutions provider Acer ITS Inc (宏碁智通), Acer Inc (宏碁) said yesterday.
“The technology behind the app has been transferred to Acer. The service of the mobile app will continue, and Acer’s plan for Acer ITS will keep going,” an Acer official told the Taipei Times by telephone.
PKLot is known for its parking lot searching app, Parkinglot APP (停車大聲公), which has been downloade more than 1.5 million times and has 300,000 monthly active users in Taiwan.
Acer ITS took over the operations of PKLot, which was founded by Ronald Yu (余致緯), in the second half of last year, as Acer plans to integrate all of its transportation-related subsidiaries into one unit, people familiar with the matter said.
Acer chairman and CEO Jason Chen (陳俊聖) on Dec. 21 said the company was planning to list some of its new businesses, including Acer ITS, on the stock market to cultivate long-term growth drivers.
Yu on Sunday said in a blog post that all the founders left Acer on Dec. 31, because they are no longer on the same page as Acer in terms of its future plan for smart transportation solutions.
“The investor who used to support us plans to integrate all relevant transportation solutions and make an initial public offering, but to be integrated and listed on the stock market — it is not what we can handle,” Yu said in the post.
Yu said the founders would have been “limited” by the corporate framework and many things that they wish to develop would have been halted by administrative procedures if they had not chosen to leave Acer.
The Acer official declined to comment on Yu’s remarks and did not disclose the number of PKLot employees who left the firm, but but wished them all the best.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to