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HISTORY Multitech, which was founded by Stan Shih (施振榮), his wife Carolyn Yeh , and a group of five others in 1976, was renamed Acer in 1987. It began with eleven employees and $25,000 in capital. Initially, it was primarily a distributor of electronic parts and a consultant in the use of microprocessor technologies. The global headquarters is in Hsichih City , Taiwan . In Europe, Acer mounted a highly visible association with the Ferrari Formula 1 Team and the former F1 team, Prost Grand Prix in 2001. They offer a popular line of premium laptops and LCD monitors with Ferrari branding. It has recently broadened the scope of its relationship with Ferrari by announcing it will sponsor the Formula One team until 2008. Acer has recently introduced the Ferrari line of products to North America , and rolled out a Ferrari-branded line of PDA devices. On August 27, 2007, Acer announced plans to acquire U.S. based rival Gateway Inc. for US$710 million. J.T. Wang , the company's chairman, said in a statement that the acquisition "completes Acer's global footprint, by strengthening our U.S. presence." {Link without Title} OPERATIONS Australia The Australia press release, 2006-02-22. Acer Computer Australia has Australia's highest overall market share in notebook PC and tablet PC sales. The company is also Australia's leading PC vendor in government and education markets. Acer Computer Australia has 480 employees as of 2006." Acer provides wireless access to the bigger picture ", Acer Computer Australia press release, 2006-02-10. India Acer's subsidiary in India is Acer India , which apart from being top in the overall PC desktop and notebook market, is the leading vendor in key segments such as education. Its headquarters are in Bangalore, India . Europe, Middle East and Africa Acer is the Europe, Middle East and Africa (EMEA) region leader in the notebook sector, holding 18% market share in Q1 2005. Confirming its leadership in the EMEA notebook market, in 2005 Acer ranked first in 13 countries: Italy , Spain , Austria , The Netherlands , Switzerland , The Czech Republic , Russia , Portugal , Belgium , Denmark , Poland , Hungary and Slovakia . Europe was the company's biggest market in 2005. {Link without Title} North America Acer America Corporation, headquartered in San Jose, California, is a member of the Acer Group. Acer's R&D, engineering, manufacturing and marketing operations in the United States and Canada are handled by Acer America Corporation. In September 1990, Acer acquired Altos Computer Systems, one of the top manufacturers of multiuser and networked UNIX computer systems for commercial markets. In February 1997, Acer acquired Texas Instruments ® Mobile Computing business, including the award-winning TravelMate and Extensa notebook lines, making Acer the fourth-leading notebook manufacturer in the United States. Acer America's Canadian office, in Mississauga, Ontario, handles sales and marketing, manufacturing, and customer service activities in Canada. PRODUCTS
MOTORSPORT In 2001, Acer provided sponsorship to the Prost Grand Prix Formula One team, and the team's Ferrari engines were badged as Acers. Acer currently sponsors the Ferrari Formula 1 team. On March 19 , 2007 , Acer announced that they will sponsor the Factory Fiat Yamaha Team for the 2007 MotoGP World Championship season. SEE ALSO
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