Monday, May 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Q7 Smartphone Comes With New Cameras, AI, Hi-Fi Audio, IP68 Rating and Fingerprint Sensor
Qualcomm and Facebook to Bring Terragraph Gigabit Wireless Connectivity Over 60GHz to Urban Areas
Zuckerberg Hearing's in the EU Parliament to Be Live Streamed
Galaxy Note 9 to Feature Updated Bixby 2.0: Samsung
Microsoft Acquires Conversational AI Company Semantic Machines
Acer Predator X27 Monitor Supports 4K, HDR, and G-Sync, But Costs $2,000
FCC Investigating Recent Report Website Flaw Exposed Mobile Phone Locations
Hisense Announces "Affordable" 80-inch Laser TV
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Lenovo Unveils New moto g6 and moto e5 Smartphones
Lenovo Debuts Ruggedized Chromebook Trio and New Lenovo Yoga 730 and 530 ab MWC
Lenovo Recalls the ThinkPad X1 Carbon 5th Gen Laptop
Lenovo's PC and Smart Device Businesses Grow, But Mobile Turnaround Target Missed
CES 2018: New Lenovo Miix 630 2-in-1 Detachable, ThinkPad X1 Series and Lenovo Smart Display With Google Assistant
Lenovo Introduces 2018 ThinkPad Portfolio
Lenovo to Buy Fujitsu PC Unit Stake
Lenovo Could Take Over Fujitsu's PC Unit
Lenovo Settles FTC Charges it Harmed Consumers With Preinstalled Adware on its Laptops
IFA 2017: Lenovo Announces Windows Mixed Reality Headset and new 2-in-1 laptops
gamescom 2017: Lenovo Announces New Legion Gaming Towers
Lenovo Introduces New Star Wars Augmented Reality Headset

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .