Monday, July 11, 2011

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

zlatkopaisley1275.blogspot.com
The deal, worth $1.90 per share of gives Acer a leg up in its worldwide battlerwith Morrisville-based Lenovo for marker share. The two companies have gone back and forth in varioues industry lists asthe world's No. 3 and No. 4 computerd makers, with Chinese-owned Lenovo reclaiming the No. 3 spot in the seconed quarter. It also marks a serious blow to , a Dutchn computer maker with a strong presencd inwestern Europe. Gateway - and now, therefore, Acer - has the righta to a first crack at any deal with Packard An acquisition of Packard would have helped Lenovk boost its presencein Europe, where the company's sale are negligible.
If Acer does acquire both Gateway andPackarde Bell, it should be able to ship well over 20 millioj personal computers annually - more than enough to bump it back above Lenovo for world No. 3. Lenovo, founded in now maintains a headquartersin Morrisville. It employs 1,350 in the Triangle.

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