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Lenovo to acquire stake in Fujitsu Siemens Computers?

Posted on Wednesday, October 01 2008 @ 06:48:57 CEST by

Three years ago Lenovo surprised the world by acquiring IBM's PC division and according to X-bit Labs, the Chinese firm may now be preparing to buy a stake of Fujitsu Siemens Computers.
“Although we remain cautious, it is time for us to take on another challenge. […] We’ve seen valuations go down in this market, which presents us with opportunities to grow either by acquisition or partnership,” chief financial officer Wong Wai Ming said in an interview with South China Morning Post news-paper, reports Reuters news-agency.

After Acer Group acquired Gateway and Packard Bell recently, Lenovo lost its No. 3 spot to its rival. In Q2 2008 Acer commanded 9.4% of the worldwide PC market, whereas Lenovo’s market share was 7.9%, according to Gartner market tracking firm.

Since profit margins on the PC market are very thin, personal computer vendors are competing very seriously for higher market share since this gives them an ability to trim manufacturing and parts costs because of larger volumes.



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