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Acer Inc Post Record Losses


The Taiwanese computer maker Acer Inc. posted record annual losses after sales fell and asset write offs prompted the company to change leadership.  The net loss was $20.6 billion in 2013, bigger than the $15.1 billion analysts were expecting. President and CEO Jason Chen, is planning to refocus the company on hardware, software, and service providing. The company already cut its senior executives pay by 30%. Acer has alot of cash and expects losses to narrow sequentially.