Saturday, January 31, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AT&T, Verizon Among Winners Of US Airwaves Auction
Apple Closes the Gap on Samsung Fourth Quarter's Worldwide Smartphone Shipments
Verizon To Let USers Opt Out Supercookies
Microsoft Outlines Windows 10 Options For The Enterprise
Jolla Tablet Returns to Indiegogo With A 64GB Version
BT Sees Ultrafast Broadband Not Coming Earlier Than 2025
Google To Change Privacy Policy After UK's Watchdog Investigation
HDDs Shipments Increased In 2014
Active Discussions
Why Double Logins ?
retrieving burned cd information
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
 Home > News > General Computing > Lenovo ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 09, 2007
Lenovo To Take Over Packard Bell


Lenovo Group Ltd, the world's No. 3 maker of personal computers, wants to take over a mid-tier PC manufacturer valued at about $800 million to bolster a barely profitable European arm.

Its shares, which have seesawed since the firm released a strong set of quarterly earnings, stood 2 percent higher on Wednesday in a stronger market after the firm revealed it hoped to buy rival Packard Bell to strengthen its European operation.

If successful, the deal would allow the Chinese giant to quickly grab market share in a region where it is ranked sixth and barely profitable, while it continues to digest and revive a global PC business bought from IBM (IBM.N: Quote, Profile, Research) in 2005.

But it could expose the firm to an intense battle for consumers with the likes of Dell Inc (DELL.O: Quote, Profile, Research), Hewlett Packard (HPQ.N: Quote, Profile, Research) and aggressive Acer Inc (2353.TW: Quote, Profile, Research).

"It's like a cardiac stimulant. It will help Lenovo to guarantee growth, especially in Europe," said JP Morgan analyst Charles Guo. "And it should help them maintain their global No. 3 PC vendor position."

Lenovo, just starting to turn around its U.S. operations, said on Tuesday it was in exclusive talks to buy PC maker Packard Bell BV -- which IDC estimates ranks ninth in global PC sales with 2 percent market share -- from owner John Hui.

One of a handful of Chinese companies trying to forge a global brand by investing abroad, it dropped to fourth globally in the first three months of 2007 but reclaimed the No. 3 spot from Acer a quarter later, riding an upswell of corporate demand.

To drive sales to consumers, the company now plans to launch a range of notebooks in January and desktops in March or April.

Most analysts would not be drawn so soon on Packard Bell's price tag or on the bottom-line impact if a deal goes through.

From Reuters



Previous
Next
Microsoft Ships Vista 'Fix Packs'        All News        nVidia Smashes Visual Compute Density Record With New GPU Server
Microsoft Ships Vista 'Fix Packs'     General Computing News      AMD Validated Server Platforms Now Certified for SUSE Linux Enterprise Server from Novell

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Motorola Returns To The Chinese Market with Three New Phones
Lenovo Gets Back to School with New ThinkPad 11e Laptops
Lenovo Introduces New Smartphones And Mobile Accessories
Lenovo YOGA Tablet Family Debuts With AnyPen Technology, RealSense 3D Camera
Lenovo Unleashes Newest ThinkPad Portfolio At CES
Lenovo Recalls Computer Power Cords Due to Fire and Burn Hazards
Lenovo Posts Second Quarter Profit
Motorola Becomes Part Of Lenovo
Lenovo Releases The 13-inch Windows YOGA Tablet 2
Lenovo Reveals Wearable Smartband
Lenovo Inrtoduces YOGA 3 Pro, YOGA Tablet 2, YOGA Tablet 2 Pro
Lenovo Set to Close Acquisition of IBM's x86 Server Business

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .