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UBS Securities cuts Acer's target price over write-down

2013/01/23 17:07:37

Taipei, Jan. 23 (CNA) Swiss brokerage UBS Securities cut its target price on shares of Taiwanese computer vendor Acer Inc. late Tuesday after the company announced it would take a NT$3.5 billion (US$120.1 million) write-down on the value of its trademark rights.

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