Just two weeks after president Jim Wong was tapped to be the company's next chief executive, the Taiwanese PC maker this week said Wong and chairman and CEO J.T. Wang (pictured) had both resigned from their positions in light of the company's third-quarter loss of $446 million.
Acer, the world's No. 4 PC maker, once had a thriving netbook business, which has been hammered by the rise in tablet computer sales.
Acer said it was bringing back company founder Stan Shih as chairman and president to help turn the company around, a move applauded by Acer's channel partners.