Acer pays $67.5 mln to use Founder’s PC trademarks

TAIPEI, Aug 28 (BestGrowthStock) – Taiwan’s Acer Inc (2353.TW: )
released financial terms on its recent alliance with China’s
Founder Technology (600601.SS: ), including paying $67.5 million
for use of Founder’s PC-related trademarks for seven years.

Under a tie-up announced this month, Acer said it would
gain access to Founder’s channel network and operate the
Chinese company’s marketing efforts, while Founder would run
Acer’s after-sales services and provide support for its PC
manufacturing operations. [ID:nTOE674030]

Acer did not release financial terms then, but the world’s
No.3 PC vendor said it aimed to book revenue of $2.5 billion in
China next year and expected to become Asia’s No.2 PC brand,
helped by the deal with Founder.

In a statement released late on Friday, Acer also said its
subsidiaries had paid 51 million yuan for Founder’s PC-related
operations, product systems, copyrights and patents, and paid
another 69 million yuan to secure Founder’s PC-related
customers and other distribution resources.

Acer and Founder are likely to jointly introduce new
products in October at the earliest, the Chinese-language
Commercial Times said on Saturday, without giving other
details.

Acer shares closed down 0.67 percent on Friday, lagging the
main TAIEX’s (.TWII: ) 0.43 percent rise.
(US$1=T$32)
(Reporting by Baker Li; Editing by Ron Popeski)

Acer pays $67.5 mln to use Founder’s PC trademarks