Time names Acer Founder Stan Shih among “60 Years of Asian Heroes”

Time names Acer Founder Stan Shih among “60 Years of Asian Heroes”

Shih: Honor goes to Acer employees and partners over past 30 years

Bangalore (9 November, 2006) ? Time magazine names Acer Founder Stan Shih in a list of “60 Years of Asian Heroes,” as a tribute to the remarkable men and women who have shaped the times over the last six decades in Asia. Shih expresses that the honor goes to all Acer employees and partners in the company’s 30-year history.

The Time’s “60 years of Asian Heroes” is published in its special 60th anniversary Asian issue. The Chinese heroes include Yahoo!’s Jerry Yang, Japanese baseball player Sadaharu Oh, China’s politician ? the late Deng Xaoping, former prime minister of Singapore Lee Kuan Yew, Hong Kong entrepreneur Li Ka-shing and movie star Bruce Lee.

The Times’ article on Shih, written by Intel president and CEO Paul Otellini, describes Shih as, “Among the first to recognize the potential of microprocessors ? the brains of billions of products from cars to cell phones, Shih saw how marrying cheap chips with efficient manufacturing could spread computing power to the masses. It was the right idea ? so right that Shih ended up creating a globally recognized brand of personal computers (Acer), kindling a booming high-tech industry in Taiwan ? and inspiring a generation of Taiwanese entrepreneurs.

“Thanks in no small part to Shih’s pioneering example, the integrated-supply-chain model is now the hallmark of PC contract manufacturing worldwide. In other words, he’s a big reason why your PC costs US$1,000, not US$10,000,” the article said.

Shih translates this honor as the global recognition of Acer’s growth over the years and who is today the world’s No. 4 PC brand. The Acer culture has always encouraged teamwork, and placed importance on the long-term commitment of employees and winning business partnerships. Hence, the reason that Shih states the credit must be shared among all past “team” members.

Thirty years ago, Shih saw and took the opportunity to develop microprocessor-based technologies and the PC. He is one of the founders of the Acer brand and propelled the company to a global scale. He is a long time spokesperson for Taiwan’s IT industry, and is known for his unique models of management. Shih is frequently cited for his Smiling Curve, a business model that illustrates the vitality of the global IT industry.

About Acer

Acer ranks as the world’s No. 4 branded PC vendor, designing easy, dependable IT solutions that empower people to reach their goals and enhance their life. Since spinning-off its manufacturing operation, Acer has focused on globally marketing its brand-name products: mobile and desktop PCs, servers and storage, LCD monitors and high-definition TVs, peripherals, and e-business solutions for business, government, education, and home users. Acer’s unique Channel Business Model has been instrumental in the company’s latest success. The model encourages partners and suppliers to collaborate in a winning formula of supply-chain management, allowing Acer to provide customers with fresh technologies, competitive pricing, and quality service. Established in 1976, Acer Inc. employs 5,600 people supporting dealers and distributors in more than 100 countries. Revenues in 2005 reached US$9.7 billion. Please visit www.acer.com.

Acer and the Acer logo are registered trademarks of Acer Incorporated. Microsoft and Windows are registered trademarks of Microsoft Corporation. Intel and Pentium are registered trademarks of Intel Corporation. Other trademarks, registered trademarks and/or service marks, indicated or otherwise, are the properties of their respective owners.

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