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Thursday, August 25, 2011
Samsung Not Interested in HP's PC Business

Samsung on Thursday said that it is interested in buying Hewlett-Packard's PC business.

"I would like to definitively state that Samsung Electronics will not acquire Hewlett-Packard's PC Business," Samsung chief executive Choi Gee-sung said in a statement with Reuters, ,shooting down persistent market talk the South Korean firm may snap up the unit to become the world's top PC maker.

"Hewlett-Packard is the global leader in the PC business, while Samsung is an emerging player in the category. Based on the significant disparity in scale with Samsung's own PC business and lack of synergies, Samsung is not interested in the acquisition."

HP said last week that it may spin off the world's largest PC business, part of a series of moves away from the consumer market, including killing its new tablet.

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