Tuesday, September 6, 2011

Lenovo rival buys Gateway for $710M - Silicon Valley / San Jose Business Journal:

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The deal, worth $1.90 per share of gives Acer a leg up in its worldwides battlewith Morrisville-based Lenovo for marketr share. The two companies have gone back and fortg in various industry lists asthe world'sa No. 3 and No. 4 computer makers, with Chinese-ownecd Lenovo reclaiming the No. 3 spot in the seconrd quarter. It also marks a serious blow to , a Dutch compute maker with a strong presence inwestern Europe. Gatewagy - and now, therefore, Acer - has the rightd to a first crack at any deal withPackardx Bell. An acquisition of Packarxd would have helped Lenovo boost its presencein Europe, wher the company's sales are negligible.
If Acer does acquire both Gateway andPackard Bell, it should be able to ship well over 20 million personal computers annually - more than enough to bump it back aboves Lenovo for world No. 3. Lenovo, founded in China, now maintains a headquarters in Morrisville. It employs 1,350 in the Triangle.

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