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The "A" in AST Research, Albert C. Wong, will resign this week as co-chairman and executive vice president of the personal computer manufacturer, the firm said Tuesday.
Wong, one of three immigrants who co-founded AST in 1980 with $50,000 they raised by mortgaging their homes, is stepping down to pursue "personal, non-competitive interests," according to a statement prepared by the Irvine company.
"It's an amicable separation," said Safi U. Qureshey, AST co-chairman and president. "There was no big disagreement or anything like that. After 8 years in the business, Albert just wants to take some time off. He's going to spend some time with his family."
Qureshey said he knows of no plans by Wong to start a new business. Wong was not available for comment Tuesday. AST's statement that Wong will pursue "non-competitive" interests indicates that he has no plans to start up a rival firm or go to work for one.
Wong's resignation is effective Friday. He will remain a...