Acer on Tuesday posted a deeper than anticipated loss in the spring equal to $234.3 million and lowered its expectations for the year. The quarter was spun as a "correction period" as it had to clear out unsold stock and was paying severance deals for executives that had left in the company's mobile-focused shakeup, including former CEO Gianfranco Lanci. Chairman JT Wang added that, in spite of past promises, it would be "impossible" for the company to avoid a loss for the year as a whole.
