Feeds

Lenovo talks potential acquisition

IBM's ex-PC biz goes south?

Intelligent flash storage arrays

Lenovo, the Beijing-based PC manufacturer that acquired IBM's PC unit for $1.75bn in 2005, is in talks to buy another computer builder, this time in Brazil.

The company, the world's fourth-largest supplier of computers, said Thursday it had held "certain preliminary discussions with independent third parties" on acquisition or investment.

A company spokesperson would not confirm or deny whether one of those third parties is Brazilian PC manufacturer Positivo Informatica, as reports have said.

In a prepared statement, Lenovo said no transaction was under way and "there is no assurance that any definitive agreement will ultimately be reached" with the organizations it has been talking to.

The disclosure comes as Lenovo saw its profits nosedive during its recent second quarter despite an increase in sales. Chairman Yang Yuanqing blamed the global economic downturn and a shortfall in executing the company's strategic plan.

Reports said Lenovo is trying to reduce its over-reliance on corporate business IT, which has suffered in the wake of the economic slow-down. Positivo Informatica has around 20 per cent of the Brazilian PC market, with its customer base primarily in the consumer space and government, the Financial Times said. ®

Intelligent flash storage arrays

More from The Register

next story
Official: European members prefer to fondle Apple iPads
Only 7 of 50 parliamentarians plump for Samsung Galaxy S
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Space Commanders rebel as Elite:Dangerous kills offline mode
Frontier cops an epic kicking in its own forums ahead of December revival
Intel's LAME DUCK mobile chips gobbled by CASH COW
Chipzilla won't have money-losing mobe unit to kick about anymore
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
Ford's B-Max: Fiesta-based runaround that goes THUNK
... when you close the slidey doors, that is ...
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.