Stan Shih to retire at 60

Acer Inc (宏電) Chairman Stan Shih (施振榮) said he plans to step down in 2005 when he reaches the age of 60. ``The Acer Group is completing its transition as it splits its manufacturing businesses from Acer Inc. and bets its future on the greater China market,'' Shih said in an interview. ``I will also transform myself.''