Lenovo goes shopping for PC makers

11.12.2008
Lenovo is in talks to acquire PC makers, a sign that it is taking advantage of a stagnant market to expand its worldwide presence.

The company is in discussions with third parties about acquisitions and investment opportunities, said Yang Yuanqing, Lenovo chairman, in a dated Wednesday and published on IBM's Web site.

Without naming companies, Yang said there was no assurance that any deal would be reached. A company spokesperson declined further comment.

One company Lenovo is talking to is Fujitsu, which may sell off its Fujitsu-Siemens retail PC operations in Europe, various U.S. media outlets on Thursday.

Fujitsu declined to comment on whether it was in talks with Lenovo, but it is looking to exit the market of "low-value PC product lines," said Kazuhiko Kato, chief financial officer at Fujitsu, in a statement sent to the IDG News Service on Thursday. It is aiming to reduce headcount at Fujitsu Siemens Computers in Germany by about 12 percent due to the "current economic situation and the continuously shrinking IT market in Europe," Kato said.

Many scenarios for realigning the PC portfolio are under consideration, Kato said, adding that the company has no intention of exiting the PC business entirely.