Thursday, May 05, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google, Fiat Chrysler To Work Together On Self-driving Vehicles
AMD Radeon R3 SSDs Released
IBM Makes Quantum Computing Available on IBM Cloud
Apple Loses China Trademark For 'iPhone' On Leather Goods
Sony Releases New Home Audio Products
HDD Sales Fall, Capacities Rise
Sony's Future Camera Could Be in The Form Of A Contact Lens
HP Refreshes The Pavilion PC Line-up
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 Tranforms To Focus On Enterprise, Mobility, And PC
Lenovo and Juniper Networks Partner On The Development of Data Center Solutions
Lenovo Launches New Windows 10 Tablet, YOGA Laptops, And TAB3 Mobile Devices
Qualcomm and Lenovo Sign 3G/4G China Patent License Agreement
Lenovo Reports Profit in Q3 Despite Revenue Slump
Lenovo and Google To Develop Next Project Tango Device
Lenovo Kills The Motorola Brand
Lenovo Says New YOGA 900S Is The World’s Thinnest Convertible Laptop
CES 2016: Lenovo Unveils Modular ThinkPad X1 Tablet, X1 Yoga Laptop With OLED Display
Security Flaws Reported In Support Applications Installed In Lenovo, Toshiba, Dell PCs
Lenovo Unveils the ThinkPad P40 Yoga
Lenovo and Razer Partner to Make Gaming PCs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .