Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 08 August 2007 08:36

Lenovo wants to buy Packard Bell

Written by David Stellmack

Image

Increase the Chinese market share


Lenovo Group
Ltd. has announced that it is actively pursuing purchase of European computer manufacturer Packard Bell. Lenovo has said that it is negotiating the purchase through an unnamed independent third party and working with other parties and government entities as part of the proposed acquisition.

Reuters reports that the deal would quickly increase the Chinese computer maker's market share, even as it continues to digest IBM's PC business, which it bought in 2005.

The company is being bought from Lap Shun Hui, the former owner of eMachines and it looks like Lenovo is the only buyer.

Initially there were some rumours that Lenovo was competing with Acer for the company. Acer said in April it planned to buy a PC company in three to five months to win more market share and accelerate growth. However it appears that Packard Bell was not the target.

But a news story in the Hong Kong Economic Journal indicated that Taiwanese manufacturer Acer Inc. is interested in acquiring a PC company that is not a U.S. or Taiwanese company, and hinted that Packard Bell BV is also being courted by Acer.  Things could get heated if both decide to pursue the acquisition.

Read more here and here.

Last modified on Wednesday, 08 August 2007 11:11

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments