China-born businessman buys European computer group Packard Bell
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Chinese-American businessman John Hui has bought computer maker Packard Bell, the third-biggest manufacturer of PCs in Europe, Packard Bell announced.
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China's biggest computer maker, Lenovo Group, said today it has acquired a majority stake in International Business Machines Corp.'s personal computer business for $1.25 billion, one of the biggest Chinese overseas acquisitions ever.
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For China, the country&#39;s biggest computer supplier buying out a unit of IBM is more than just a business deal. Lenovo Group&#39;s decision to purchase IBM&#39;s PC group for $1.75 billion could be
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Hewlett-Packard Co. said Thursday it has agreed to buy high-end gaming PC maker Voodoo Computers Inc., giving the computer and printer company access to an elite group of hardcore hobbyists willing to shell out several thousand dollars for turbocharged customizable machines.
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(InfoWorld) - Hewlett-Packard has won a license from the Chinese government to sell more smartphone models in the country, a company spokeswoman said Thursday. The Network Access License granted to the world's largest PC maker will allow it to expand smartphone sales in China to multiple models, but the company couldn't immediately confirm how many. Currently, HP is allowed to sell only one smartphone, the hp6515 iPaq. The original license to sell one mobile phone product was granted in 2005, but the new license is much more comprehensive, said Liana Teo, a spokeswoman for HP in Singapore. She declined to provide further details, and said HP would announce new models as it makes them ready for the China market. China hasÂ more mobile phone subscribersÂ than any other country: 508.6 million as of the end of July, according to the nation's Ministry of Information Industry (MII). That's more than double wireless trade group CTIA's estimate of 243.3 million for the U.S., or the 193 million subscribers in India reported by the Telecom Regulatory Authority of India (TRAI). Last week,Â HP announced five new iPaq modelsÂ in the U.S.; the iPaq 900 Series Business Messenger, a 3G (third-generation) phone; the iPAQ 600 Series Business Navigator, a 3G phone with built-in GPS (Global Positioning System); the iPaq 300 Series Travel Companion, a PDA with built-in GPS; the iPaq 200 Series Enterprise Handheld for business users; and the iPaq 100 Series Classic Handheld with Wi-Fi connectivity and easy synching with a PC. For now, those 3G models will offer little benefit in China, which has yet to issue network operators with licenses to build 3G networks. However, the government has said itÂ hopes to have 3G services runningÂ in time for the opening of the Olympic Games in Beijing in August 2008. Â
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China's largest maker of PCs is one of the potential buyers, newspaper says.
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A China Telecommunications Group Corp. (China Telecom) subsidiary in Jiangsu province and Hewlett-Packard Co. are offering customers a desktop computer with broadband Internet access for 198 renminbi, or US$26, per month.
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China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for &#36;1.75 billion, one of the biggest Chinese overseas acquisitions ever.
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BEIJING, Dec. 17 -- Chinese display giant BOE Technology may become the biggest beneficiary in an international deal, after Chinese computer company Lenovo Group acquired IBM&#39;s personal computer unit less than 10 days ago.
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China's largest personal computer maker, Lenovo Group Ltd. (0992.HK), said on Wednesday it is buying control of IBM's PC-making business for &#36;1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981.
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Hewlett-Packard Co. said it has launched a 3,999 yuan ($483 in the US) computer in China. HP&#39;s new model, part of its Pavilion series, features a central processing unit (CPU) from Advanced Micro Devices Inc.
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IBM, the pioneer of the personal computer, is selling its PC hardware business to Chinese firm Lenovo.
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Hewlett-Packard has acquired the business of British computing services company Synstar for $293 million.
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Description: China&#39;s largest computer maker, Lenovo, is buying IBM&#39;s personal computer division for an estimated $1.75 billion.
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IBM, which revolutionised the global computer industry when it launched its first desktop in 1981, has sold its PC business to a Chinese group in a $1.75bn (Â£900m) deal, it was confirmed today.
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To keep Lenovo from buying Packard Bell, Acer has acquired 75 percent of parent company PB Holdings.
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(InfoWorld) - A China Telecommunications Group (China Telecom) subsidiary in Jiangsu province and Hewlett-Packard are offering customers a desktop computer with broadband Internet access for 198 renminbi, or $26, per month. The promotion offer underscores how competitive China's PC and Internet markets have become, and the extent to which the market has become saturated after years of breakneck growth. For a monthly payment of 198 renminbi and a 27-month contract, China Telecom customers in Taizhou, Jiangsu province, get an HP Compaq DX2308 desktop PC with a 3.2GHz Intel Celeron D processor, 512MB of RAM, an 80GB hard drive, and a 17-inch CRT monitor, according to an online advertisement (in Chinese). The bundle includes 150 hours of broadband Internet access per month, most likely a 512Kbps DSL (digital subscriber line) connection, the most common in China. For an additional 700 renminbi, customers can upgrade to a 17-inch LCD (liquid crystal display) monitor. A similar deal is available in other Jiangsu cities, including Nantong (in Chinese). This isn't the first time China Telecom and HP have offered a PC bundled with broadband for 198 renminbi. Similar deals were offered in Jiangsu province earlier this year. Bundles like this are not yet common in China, although several vendors have experimented with them and seen mixed results, said Bryan Ma, director of personal system research at IDC Asia-Pacific. Besides the low-cost desktop, China Telecom and HP are offering a couple of other options to Taizhou customers, including an HP Compaq NX6515 notebook with a dual-core 1.6GHz Turion 64 X2 processor, 512MB of RAM, an 80GB hard disk, and a 14-inch screen. The notebook deal involves a one-time payment of 6,998 renminbi, or $923, and includes 1,660 hours of broadband Internet access during school vacation periods. HP may be the world's biggest PC maker, but the company still lags behind Lenovo Group in China. During 2006, the company was the fourth-largest PC maker in China, with a market share of 8.2 percent. HP's market share increased to 12.5 percent during the first quarter of 2007, thanks to aggressive notebook sales, Ma said