News Letter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 Search
 About China
- China at a glance
- Constitution
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 16:13, December 09, 2004
HP, Dell unfazed by Lenovo-IBM deal
font size    

Some analysts are saying Lenovo and Big Blue's broad-based, strategic alliance could put more pressure on the rest of the PC industry. But major rivals such as Hewlett-Packard and Dell, have shrugged off those concerns. They say Lenovo's PC share in the global market will rise from 6 to 8 percent after the deal.

An HP official in Shanghai seemed confident, and even gave Lenovo some advice. Zeng Jiabao, vice president of HPPC China, said, "HP's PC business accounted for 15 percent of the global market share in the third quarter this year. This is larger then the world��s third, fourth, and fifth PC makers' shares combined. So the Lenovo-IBM deal won't have much impact on our business."

"As Lenovo develops its business in the global market, it should note that different countries have different laws and market demands. It should carefully study the characteristics of each country."

China's largest computer manufacturer, Lenovo, has officially announced a one and a quarter billion dollar deal to buy the Big Blue's personal computer business. 

The agreement states that the deal will include IBM's PC desktop and notebook computer lines. Lenovo will offer 600 million US dollars in cash and 650 million in shares. The transaction is expected to be completed before the 2nd quarter of next year. The deal will make Lenovo the world's third largest PC maker, behind Dell and HP.

Source: CCTV.com


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- China's Lenovo Group acquires IBM's PC business

- Lenovo acquires IBM's PC business  


Copyright by People's Daily Online, all rights reserved