The Channel logo

back to article Banks bung hard-up Acer £315m loan

Troubled Acer has penned a new financing deal to cover working capital requirements and pay off a previous loan it took out to acquire Gateway. The firm has gone through a major reshuffle of management following a loss-making year in which sluggish consumer demand caught it by surprise and resulted in an inventory pile-up. The …

COMMENTS

This topic is closed for new posts.
Anonymous Coward

And we wonder why the global economy is up the Suwannee.

0
0
Coat

Need to get stronger glasses

"It added that the agreement will "facilitate Acer" for five years" - thought that said .... will fellate Acer for five years.....

0
0
Silver badge

Taking out a loan to pay off another loan?

Beginning of the end.

And I don't care if it is considered a valid business "procedure".

0
0
This topic is closed for new posts.

Forums

Opinion

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away