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

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon